On other internet forums I have been participating in, the “over-regulations” in the USA seem to stem from an inability to adjust or repeal bad legislation in a timely manner. Bad laws are left on the books for decades, and bureacrats don’t have enough sense not to enforce obsolete laws.
In Canada, we seem to have a more flexible legislative process. Important acts are often rewritten every decade or two. Amendments to acts are constantly being made. So regulations fit the needs of the Canadians reasonably well.
So I would put the blame on legislative processes, not being overregulated.
We could get rid of the many regulations for the food industry, but it wouldn’t be long before food poisoning would become very common. I vote for regulations!