Over the past 15 years bakers in Canada have been colluding to raise the price of bread across many of Canada’s major retailers. The retailers (allegedly) agreed to the price increase so long as the others in the group also maintained the high prices. While some of the retailers are denying the claim, Canada’s Competition Bureau is developing a case to expose the participants.
King of the Hill — The Best of US and Canada
Hank and Gordon get into a debate on the merits of each country. They go on to discuss different comparative advantages of their home countries. Both Canada and the United States likely have enough resources to produce all of the items they mention, but they benefit from trade when they specialize in their comparative advantage.