I mean sure, Canada could cut off it's nose to spite it's face with even more heavy handed regulation and taxation, but the market will simply flow around that overly burdensome business environment to locations that are more hospitable, like America for instance. The governments lack of control over the market is rather laughable, Canada should make like Bruce Lee, be like water.
Confederation does have one use though, helping to cling to international hockey superpower status, the Soviets know.