This article was last updated on April 16, 2022
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The Standing Senate Committee on Banking, Trade and Commerce has published a report highlighting the “mind-boggling” differences in provincial regulations and pointed out that they are costing the economy as much as $130 billion a year in lost trade opportunities. The Senate’s report released on Tuesday claims that there are “far too many unnecessary regulatory and legislative differences exist among Canada’s jurisdictions.”
The report highlights that these barriers include differing rules on everything from truck tires to alcoholic beverage sales to carbon emissions. Chair of the committee, Senator David Tkachuk, mentioned in his remarks that “they are very frustrating for business people and they limit accessibility to market easily because they require different production techniques.” The report, entitled “Tear Down These Walls: Dismantling Canada’s Internal Trade Barriers,” suggests that international free trade agreements have made it easier for global companies to do business in Canada than for domestic businesses in one province or territory to trade in another.
Tkachuk stated that “having different beer bottle sizes or different creamer sizes those are the kind of barriers that provinces regularly put up — usually unknowingly — because they’re thinking about their own province and their own needs.” It was added that “they’re not thinking that perhaps while they’re doing this they’re also putting up restrictions to trade.” The committee supported an estimation of the cost of the barriers to be between $50 billion to $130 billion each year in lost gross domestic product.
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