The United States is threatening Canada with tariffs and other protectionist policies. In this environment, it is worth considering the role of competition in Canada’s response. Competition law and policy is directed towards increasing consumer welfare through the supply of products and services at competitive prices. It is widely recognized that artificial restraints on competition reduces consumer welfare. Tariffs are one example of an artificial restraint that reduces consumer welfare. However, such restraints are often relied on to support other policy objectives. There are a host of protectionist policies in Canada that protect various sectors of the economy including agriculture, ... [more] Full article