My first idea for a column on domestic protectionism and over-regulation was to detail all the ridiculous ways that Canada’s federation makes life impossible for executives. For example, an employer with a 10-province and three-territory strategy would have to order eight different first-aid kits to stay on the right side of various labour laws. There’s plenty more where that came from. Almost half of the 345-page Canadian Free Trade Agreement that was agreed to last year is devoted to exemptions.
But that take would have been inaccurate. Life isn’t impossible for Canadian companies and the international firms that do business here, it’s just frustrating and inefficient. Canadian corporations earned more than $100 billion in the second quarter, an eight per cent increase from a year earlier. Capitalism lives, despite the best efforts of 14 sets of rule makers to strangle it.
Continue reading at the Financial Post ...