Well, take into account that Canada is a huge country with quite low population density and a high amount of natural resources. It's much easier to run a regulated economy in this kind of setting. Other countries (UK, for example) need to find a way to provide for their population with a lower level of resources per-capita (higher density) - unregulated finance is one potential way, since it's a high-level services sector which doesn't require natural resources. I'm not trying to promote this kind of approach, I'm just saying that some Euro countries (the US too) have somewhat fewer choices.
It is easy for those from smaller countries with larger populations to write that off as the reason, but coming from a similar type of country in size and population I can assure you that the per capita cost burden of developing and maintaining transport, utilities and other infrastructure across a vast land with low population density is certainly not cheap when you have far fewer peoples' taxes to defray those costs!
"Study hard what interests you the most in the most undisciplined, irreverent and original manner possible." — Richard P. Feynman
"Never tell a person a thing is impossible. G*d/the Universe may have been waiting all this time for someone ignorant enough of the impossibility to do just that thing." author unknown
Sure, maybe not, but how are they compared to everywhere else?
It's kind of like how people in countries that have, by nearly all measures, among the best living standards in the world, generally tell me that things in their country are crappy. Hah! Compared to what?
But indeed, Canada is not very socialist. It is more federally regulated, and in that vague way I suppose wiggles closer to the socialist end of a continuum. But, it's not terribly socialist.
Still, this makes a very good case for federal regulation of finances and commerce.
Well compared to England and the USA they are doing OK.. so I see your point.
To understand Canada you have to know it's history and it's visonary Queen Victoria. The idea for Canada was something called "Responsible Government" (British North America act).
A lot of Canadian Culture is based on the honour system and that is a direct result of the effects of responsible government.
But the problem with centralisation in government and regulation in commerce is the monoply.