Business competition weakening in Canada: study | Watch News Videos Online

📆 20/10/2023 00:39:00
📰 GlobalNational

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Competitive intensity, a measurement for how hard businesses feel they need to compete to gain an advantage over their rivals, has fallen, while profits and price markups rose, according to a new study by the Competition Bureau. David Akin explains the consequences for Canada's economy and consumers, and how the problem could be solved.

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Business competition in Canada has declined over the last 20 years, watchdog report findsCanada’s most concentrated industries have become less efficient, and have increased pricing markups as they are less challenged due to fewer firms entering their markets, according the report
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