Why should the canadian government should protect canadian business from both foreign competition and takeovers?

The Canadian government should protect Canadian businesses from foreign competition and takeovers to safeguard national interests, promote economic stability, and preserve jobs. By supporting local firms, the government can ensure that profits remain within the country, fostering reinvestment in the Canadian economy. Furthermore, protecting domestic industries can help maintain a diverse and resilient economic landscape, which is crucial for innovation and long-term growth. Ultimately, such measures can enhance national security and cultural identity by preserving Canadian control over key sectors.