WHY HAVE ONE REGULATOR WHEN YOU CAN HAVE 13?
Most Canadians are stunned to learn that the biggest tariffs Canadians pay aren’t to the U.S., but to each other.
The IMF estimates that interprovincial trade barriers are equal to a national tariff of 9.5%. This is far higher than the Bank of Canada’s assumed U.S. tariff on Canadian goods of 5.8%.
In fact, across Canada, internal trade barriers artificially inflate the cost of everyday goods and services by 7.8% to 14.5%. If we were to dismantle these domestic bottlenecks Canada’s GDP would grow by $161 billion a year, putting $2,300 to $4,000 a year back into the pocket of every Canadian.
Read on…
WHY HAVE ONE REGULATOR WHEN YOU CAN HAVE 13? Read More »