Open up for competition

Finally! A federally commissioned report urges Canada to open more of its economy for (foreign) competition.

"The bank-merger ban should be dropped and foreign companies should be able to buy bigger stakes in airlines and telecommunications companies, according to a sweeping report that is expected to form a key part of the government's agenda in the fall."

"The federally commissioned report, titled Compete To Win, is one of the most sweeping reviews of Canada's competition and foreign investment laws and has broad implications for almost every sector of the economy."

"Canada “as a nation just doesn't work well enough – we seem to be increasingly dysfunctional,” chairman Lynton (Red) Wilson told a business group Thursday in Toronto after releasing the report. “Do we have what it takes to be the best, or are we content with endlessly bickering over who gets what?”"

Read the whole article here.