Canada’s Economy Could Increase by $200 Billion Yearly If Internal Trade Barriers Were Removed: Study

Canada’s Economy Could Increase by $200 Billion Yearly If Internal Trade Barriers Were Removed: Study
Quebec Premier Francois Legault chairs a premiers virtual news conference in Montreal on March 4, 2021. Ryan Remiorz/The Canadian Press
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Canada could boost its economy by $200 billion a year if it removes internal trade barriers and considers adopting mutual recognition policies, says a recent study by think tank Macdonald-Laurier Institute (MLI).

The report, titled “Liberalizing Internal Trade Through Mutual Recognition: A Legal and Economic Analysis,” argues that Canada’s economy has been losing billions of dollars of productivity every year due to a “web of rules, regulations, and restrictions between provinces.”