🔹 International trade now outpaces interprovincial trade by 66%, a sharp reversal from 1981 when interprovincial trade was 40% higher.
🔹 Removing these barriers will lessen Canada’s dependence on U.S. trade.
Country | Exports 1997 ($ Million) | Exports % 1997 | Exports 2023 ↓ ($ Million) | Exports % 2023 |
---|---|---|---|---|
United States | 266,298.9 | 77.00% | 700,004.1 | 71.54% |
EU - UK | 17,690.6 | 5.12% | 56,223.4 | 5.75% |
Japan | 13,524.6 | 3.91% | 18,178.3 | 1.86% |
United Kingdom | 7,131.2 | 2.06% | 25,669 | 2.62% |
China | 3,145.8 | 0.91% | 38,582.6 | 3.94% |
India | N/A | N/A | 19,290 | 1.97% |
Mexico | N/A | N/A | 12,728.4 | 1.30% |
Other | 38,033.9 | 11.00% | 107,747 | 11.01% |
All countries | 345,825 | 100.00% | 978,422.8 | 100.00% |
📌 Constitution of Canada, Section 121:
"All Articles of the Growth, Produce, or Manufacture of any one of the Provinces shall, from and after the Union, be admitted free into each of the other Provinces."
⚠️ The Worrisome Trend:
🔹 2022: International trade dominates, 66% higher than interprovincial trade.
🔹 1981: Canada traded more within its borders; interprovincial trade was 40% higher than international trade.
(Values in 2017 dollars)
🚧 Key Barriers to Interprovincial Trade:
Interesting Fact:
The U.S. has one securities regulator (SEC), while Canada has 13 😲, one for each of its 10 provinces and 3 territories!
Interprovincial trade barriers stifle economic growth, limit job opportunities, and make Canada less competitive. It’s time to break these obstacles and unlock the full potential of interprovincial trade.
🍁 Let’s build a stronger, more united Canada 🍁
Follow us on social media for more posts
Disclaimer: