The report states that if Canada removes domestic trade barriers, its real GDP can grow by nearly 7%

On the 27th local time, a report released by the International Monetary Fund showed that if Canada completely eliminates internal trade barriers between its 13 provinces and territories, the country's real GDP could grow by nearly 7% in the long run, equivalent to the current value of 210 billion Canadian dollars.

The report estimates that the current domestic barriers in Canada are equivalent to an average tariff of 9%. In some service industries, domestic trade barriers are even equivalent to tariffs of over 40%. The report states that in the face of increasing pressure on global economic growth and productivity constraints, Canada should integrate its domestic market and achieve faster growth by unleashing its market potential.

Previously, under the threat of US tariffs, the Canadian government had implemented measures to remove some inter provincial trade barriers.

Recently, Canadian Prime Minister Carney stated that Canada is committed to strengthening domestic development, enhancing economic resilience, promoting trade diversification, and reducing dependence on the United States.