Canada Could Boost GDP by Nearly 7 Percent by Removing Internal Trade Barriers: IMF Report

Canada Could Boost GDP by Nearly 7 Percent by Removing Internal Trade Barriers: IMF Report
A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., on May 10, 2018. Yuri Gripas/Reuters
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Removing internal trade barriers would unlock 7 percent in real gross domestic product (GDP) for Canada’s economy, according to a report by the International Monetary Fund (IMF).

The report, Canada Can Grow Faster by Unlocking Its Own Market, was published by the IMF and analyzes the benefits of internal trade. It was co-authored by IMF economists Federico J. Díez and Yuanchen Yang, and contributed to by University of Calgary economics professor Trevor Tombe.