AFM131 Lecture Notes - Lecture 2: Price Fixing, Product Liability, Canadian Food Inspection Agency

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Manhhung David Nguyen Ha

Document Summary

Historical role of the canadian government: national policy: high tariffs (from u. s imported goods), encourage east to west trade, ca(cid:374)ada"s (cid:373)i(cid:454)ed e(cid:272)o(cid:374)o(cid:373)(cid:455): e(cid:272)o(cid:374)o(cid:373)(cid:455) s(cid:455)ste(cid:373) i(cid:374) (cid:449)hi(cid:272)h so(cid:373)e allo(cid:272)atio(cid:374) of resour(cid:272)es is. Bank of canada, canada post, olg, lcbo: privatization: selling publicly-owned corporations. Increase competition (potential for more jobs: more choice/availability for consumers, may operate more efficiently, lose a significant source of ongoing revenue, may increase tax, no. Issues with alcohol abuse: hoe well private companies can comply with regulations. After deregulation, other airline companies started entering the industry, and this supported a fair and competitive environment, lowering costs: federal responsibilities: Interprovincial trade is a billion industry in canada: agreement on internal trade (ait): lessen difficulties arising from interprovincial trade barriers, removal of interprovincial trade barriers mean increase in labor mobility. Government purchasing policies and services: large purchasers and consumers of goods and services (can favour canadian businesses)