Federal and provincial leaders in Canada are initiating efforts to dismantle internal trade barriers, which inflate costs and hinder business operations. Despite Mark Carney's campaign promise to achieve 'free trade by Canada Day', experts caution that these changes mark the beginning of a lengthy process rather than an immediate transformation. As Ryan Manucha highlights, addressing interprovincial trade challenges is complex and will require a rethinking of regulatory approaches over time, especially in light of the economic pressures from U.S. tariffs.
The rush to break down internal barriers to trade comes in response to U.S. President Donald Trump's tariff war with Canada. Internal trade hurdles cost the economy about $200 billion yearly.
Ryan Manucha emphasized that reducing interprovincial trade barriers represents a significant shift in regulatory approaches, indicating that change will not happen overnight.
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