If trade barriers were reduced and strategic alliances improved between Ontario and Quebec, more than 200,000 small- and medium-sized businesses would see a benefit, according to a new report by the Canadian Federation of Independent Business (CFIB).
“Ontario and Quebec: Unlocking an Economic Corridor for SMEs,” published on July 26, found that nearly a quarter (22 percent) of Ontario businesses, and two in five (39 percent) of Quebec businesses either purchase or sell goods in the other province. More than 10 percent of business revenue is generated in trade with the other province, 12 percent in Ontario and 15 percent in Quebec.
