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Canada Could Increase Real GDP by 7% if It Drops All Internal Trade Barriers: IMF - National
The IMF report finds internal trade barriers cost an average 9% tariff equivalent and removing them could add $210 billion to Canada's GDP, mainly benefiting smaller provinces.
Summary by Global News
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Canada's economy could gain almost 7% in real GDP by removing trade barriers
Canada’s economy could gain nearly seven per cent, or $210 billion, in real GDP by fully removing internal trade barriers between the country’s 13 provinces and territories, according to a report published Tuesday by the International Monetary Fund.
·Canada
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A new analysis of the International Monetary Fund (IMF) points out that the biggest obstacle to Canadian competitiveness is within the country's own borders. The IMF simulations suggest that totaling up to 7% of Canada's actual gross domestic product (PIB) in the long term – something of approximately 210 billion Canadian dollars in today's values. According to the study, non-geographic barriers imposed by provinces and territories – differences…
·Brazil
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Total News Sources3
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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