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The Big Story

Fixing Canada: Is business competition dead?

Aug 12, 2024
Canadians face a pressing issue with dwindling competition, dominated by a few major corporations. From groceries to telecommunications, sectors are consolidating, raising alarms about consumer choice. Experts discuss the complexities of corporate mergers and advocate for smarter regulatory frameworks. The conversation also dives into the provincial hurdles new businesses encounter and highlights the need for collaboration to simplify market entry. Ultimately, a vision for a more inclusive competition policy aims to benefit all Canadians.
35:47

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Quick takeaways

  • Canada's competition crisis is evident across various sectors, leading to higher prices and reduced innovation for consumers.
  • Recent legislative changes provide opportunities to reform competition policies, emphasizing the need for tailored strategies and broader stakeholder involvement.

Deep dives

Perceived Breakdown of Canada

Many Canadians feel that the country is broken, a sentiment echoed by various sectors such as healthcare and retail. Emergency room (ER) wait times are longer, and the grocery market is dominated by just a few corporations, leading to a perception of limited choices for consumers. A recent poll indicates that a significant majority of Canadians share this belief, highlighting feelings of frustration and stagnation. This environment sets the stage for a broader discussion about competition and the health of the nation's economy.

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