The federal government will accept a stronger approach to promotion
In the country, like Canadians, they continue to encounter growing costs, Minister of Industry
He said in
An annual summit in Ottawa on Wednesday.
“Let me clarify. The government will be hawing in relation to competition … Because it retains fair prices, stimulates innovation and provides the Canadians with a real choice, ”she said. “We will continue to strengthen competition in the Canadian markets, because accessibility depends on it.”
Jolie said that “all parts of the government will participate” in their efforts to reduce expenses and “create one strong Canadian economy”.
Commissioner of the Bureau of Competition
also called for rapid action to improve competition, including destruction
and harmonizing rules throughout the country.
“A fragmented regulatory environment creates unnecessary trade obstacles to business and workers,” he said during his speech. “We cannot build a dynamic economy if the enterprises are forced to navigate in 13 different regulation modes in one country.”
According to Boswell, the Canadian economy has become “more mining and less inclusive” in recent years. Referring to the study of statistical management in Canada 2025, he said that the federal burden of regulation jumped 37 percent from 2006 to 2021, which was due to a decrease in business dynamism, gross domestic product, investment in a business sector and an increase in employment.
Boswell added that “this is not a call for deregulation. We need regulation … But how we regulate, important and has consequences. ”
According to business leaders, growing competition in the country also requires policies and programs that expand the possibilities of startups and small businesses.
Andrew Graham, co-founder and executive director of Borrowell Inc., Fintech, based in Toronto, who provides credit points and financing of lending, said that Canada should first determine what it means to create a successful prosecutor and pro-entrepreneurial economy.
He said that politicians should focus on actions that help Canadian companies move forward and focus on a number of indicators that include, but are not limited to creating jobs.
“Let's stop being briskows and girls … And let's say that we will help you win Canadian companies, and we will send our politicians to open a company engaged in the Canadian head platform … (and not) the opening of the Amazon distribution plant,” he said during a panel discussion at the event.
Graham said that not Canadian companies that create a store in Canada can create jobs, but “the opening of the Amazon distribution center is not the same as the company engaged in the Canadian headquarters of the apartment has become more and expands its headquarters and global coverage.”
Canada should also expand access to resources for unpromformed groups, such as women and immigrant entrepreneurs, said Marva Abdu, senior director of research in the Canadian Chamber of Commerce, who called them the “greatest potential for the Canadian entrepreneurial climate.”
The government must “free up the place” for more people in order to contribute to the economy, providing more access to loans, finances, networks and resources, as well as giving people the opportunity to navigate the bulky systems of tax and regulatory systems, it said during a panel discussion.
Rachel Wasserman, founder and director of the Business Law Wasserman and a researcher at the Canadian Antimonopoly Project, said that Canada “makes entrepreneurship privileges. We provide a large bear service for this country, without changing this lens and making it more affordable. ”
She also emphasized the “tsunami” of Canada in business succession, referring to the report of the Canadian Federation of independent enterprises in 2022, which found that 76 percent of small and medium-sized enterprises switch hands from 2022 to 2032, which is 2 trillion dollars.
“Half of this will be sold to third parties. These transactions come, and no one buys these enterprises, except for asset managers, ”she said during the panel. “We are faced with … a potential extract of entrepreneurship in this country, if we do not find a solution to facilitate entrepreneurship.”
According to Wasserman, a simple decision provides debt financing to the Canadians who want to purchase these companies.
“One of the fundamental problems here is that … we may have Rolodex of private firms that are competitors who want to buy this, but we do not have infrastructure for the search for entrepreneurs who are able to conduct these companies,” she said.
Graham added that this is not “the simplest time to be an entrepreneur in Canada.”
“No one is under any illusions,” he said. “If you end Waterloo on computer science and want to start a technical business, there are good reasons to do this in California, Texas or New York against Ontario. We must know that this is a competition. We compete for these super -bright graduates and entrepreneurs … to solve the problem. ”
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