The CBA welcomes the final report from the Competition Policy Review Panel, “Compete to Win.” We bring the perspective of an industry characterized both by intense competition in Canada and the active involvement of our banks internationally.
The CBA submission, titled
Strengthening Canada’s Competitiveness, recommends:
- A more competitive tax system, both provincially and federally
- A flexible public policy framework that focuses on principles-based rather than prescriptive regulation
- The elimination of internal trade barriers between provinces
- A national securities regulator
- An international perspective on Canada’s competition and investment regimes
- A fresh look at the existing structural policies governing the financial services sector
- A more active international trade agenda