The concentration of corporate power in Canada can be traced back to the antiquated objectives of our nation’s competition policy. Our submission to the government’s review of the Competition Act provides sharp critiques and recommendations on a path forward.
We believe that five key economic outcomes can be achieved with the support of robust and active competition policy. This is not a complete list, but offers some of the best examples of how the Act is failing today, and why it is important for this review to be ambitious in its recommendations for a renewed Canadian competition regime. These outcomes are:
- Increased Entrepreneurship and Innovation
- Stronger Small Businesses
- Improved Job Quality
- Resilient Supply Chains
- Lower Prices
Share with a friend
Related reading
🏦 The banks can’t do everything
A new report by SCP Policy Manager Michelle Arnold, Built to Exclude: Why Canada's enterprises need a different kind of financing.
Private equity, the productive economy and pensions | Rachel Wasserman on The Millennial Moron
SCP Fellow Rachel Wasserman joins the The Millennial Moron Podcast to explain how private equity works, why returns in private markets are not as good as they seem and how you can push your pension fund to invest in the productive economy.
New research on the Big Banks and the businesses left behind
The productivity, resilience, inclusive growth and economic sovereignty objectives Canada is trying to achieve are not independent of its financing system. Canada ranks second-worst in the G7 as a place to be an entrepreneur, with 55 per cent of small-business owners saying they would not recommend starting a business here right now.