Removing internal trade barriers would unlock 7 percent in real gross domestic product (GDP) for Canada’s economy, according to a report by the International Monetary Fund (IMF).
The report, Canada Can Grow Faster by Unlocking Its Own Market, was published by the IMF and analyzes the benefits of internal trade. It was co-authored by IMF economists Federico J. Díez and Yuanchen Yang, and contributed to by University of Calgary economics professor Trevor Tombe.
The report says model-based simulations show that dropping internal trade barriers in Canada could increase the GDP by nearly 7 percent over the long run, or about $210 billion….