Canada's internal trade agreement to be revealed

By anna smith

Today in Toronto, Canada’s internal trade agreement will be revealed. Local Canadian governments believe that the deal will create jobs and boost domestic trade. Domestic trade currently accounts for $385 billion in annual activity and makes up 20 percent of Canada’s GDP.

Last September, Bank of Canada governor Stephen Poloz said free internal trade could increase Canadian growth by up to 0.2 percent.

Economic Development Minister Navdeep Bains says the deal will also establish a process to assist provinces and territories regulate the trade of recreational pot.

Regarding alcohol, negotiaions did not make an agreement to streamline standards for booze across Canada. However, the governments have agreed to establish a working group on liberalising alcohol trade.


Follow @BizReviewCANADA

Read the March 2017 issue of Business Review USA & Canada magazine

Source: The Whistler Question


Featured Articles

Why companies should be preparing for scope 3 reporting

With a decision looming on the SEC’s proposed changes to climate-related disclosures, leaders should be examining supplier sustainability credentials

People over profit is steering business in a new direction

An unsettling few years has resulted in more and more companies hiring Chief People Officers to implement a culture that prioritises employee wellbeing

Databricks: The phenomenal rise of a data and AI heavyweight

Founded a decade ago, Databricks is on a mission to help data teams solve the world’s toughest problems using tools including its Lakehouse Platform

Business Chief expands portfolio with new look and coverage

Leadership & Strategy

Google at 25: The remarkable rise of a technology colossus

Technology & AI

Mind the Gap – fashion retailer Uniqlo targets US market

Corporate Finance