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Liberalization of Markets

Transiting to Privatization

Over the past few decades, the costs of public transit in Montreal have outpaced services rendered. This occurred while many municipalities around the world opted to reform their public transit systems by increasing the involvement of the private sector. This Economic Note provides an overview of the history of public transit in Montreal and of international experiences with private involvement.

Viewpoint – The Economic Costs of Protectionism: The Case of Softwood Lumber

Despite multiple legal setbacks before WTO and NAFTA tribunals, American softwood lumber producers are still calling for the imposition of limits and tariffs on Canadian imports, arguing that they represent unfair competition because they are subsidized. If no agreement is ratified before October 12, 2016, imports from Canada could be subject to tariffs of up to 25%. The case of softwood lumber is a good illustration of how protectionism provides benefits for a limited group, all while harming a majority.

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