Following his election victory, Prime Minister Mark Carney emphasized a rapid approach to tackle long-standing issues, particularly the internal trade barriers that affect Canada's economy. He promised that by Canada Day, measures would be in place for greater free trade among provinces. In a key meeting with premiers, he discussed how enhancing internal trade could potentially yield a $200 billion economic boost, positioning it as critical in light of U.S. trade relations. Progress has begun, highlighted by collaborative efforts among several provinces to dissolve these barriers.
We intend, from a federal level, to have free trade by Canada day.
Carney specified 'from a federal level' because most of Canada's internal trade barriers are restrictions that only the provinces can remove.
Some provinces have begun that process already, signing agreements to remove barriers.
Economists have said removing internal trade barriers could boost Canada's economy by $200 billion annually.
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