Transportation costs alone for interprovincial trade cost $1.6 billion annually, and we all know how well the last administration treated the nation’s truckers. Prime Minister Mark Carney plans to eliminate these tariffs on July 1, Canada Day, amid widespread nationalist sentiments. Estimates that reducing interprovincial trade barriers could increase GDP by at least 4.4%–a massive uptick as one-third of Canadian trade is interprovincial.
https://www.armstrongeconomics.com/international-news/canada/canadas-provincial-trade-barriers/
Transportation costs alone for interprovincial trade cost $1.6 billion annually, and we all know how well the last administration treated the nation’s truckers. Prime Minister Mark Carney plans to eliminate these tariffs on July 1, Canada Day, amid widespread nationalist sentiments. Estimates that reducing interprovincial trade barriers could increase GDP by at least 4.4%–a massive uptick as one-third of Canadian trade is interprovincial. https://www.armstrongeconomics.com/international-news/canada/canadas-provincial-trade-barriers/
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Canada’s Provincial Trade Barriers
Several readers were surprised to hear that Canada imposes provincial "tariffs" or trade barriers that simply act as tariffs. Canadian politicians have been
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