U.S. and EU are moving fast on competition and antitrust – where’s Canada?
in 2021, directing every agency to use all available authorities to promote competition. He also nominated strong and smart leaders – such as Lina Khan to chair the Federal Trade Commission. He increased the budgets for his enforcement agencies by US$120-million annually and created the White House Competition Council.But with all this activity on the competition front, in both the U.S. and E.U.
Mr. Wilson and his colleagues were right. Sadly, we have not elevated competitiveness to where it needs to be on our national agenda, and it shows in the declining competitiveness of Canadian business, our tepid productivity performance and our stagnant per-capita incomes. The reality is that re-energizing competition in Canada is a broader challenge than updating our competition laws to better reflect a digital, services-driven economy and to better align with like-minded countries, as important and urgent as these actions are.
How rigorously are we analyzing our new industrial policies to ensure they are pro-competition rather than subsidies to prospective national champions in clean tech and electric vehicles? How willing is any government to review supply management and other non-tariff trade barriers that stifle competition in key sectors?
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