Friday, October 24th1.1°C
23888
23488

Ontario reluctant to remove some barriers to interprovincial trade; open to talks

TORONTO - Ontario's governing Liberals say they want to remove barriers to interprovincial trade, but suggest they're reluctant to lift some restrictions that give Ontario companies an advantage.

Finance Minister Charles Sousa says there are a number of sectors within Ontario's economy that are strong because they're protected.

Sousa says he's open to talks on how to grow the economy, but he doesn't want to jeopardize the livelihood of Ontario companies.

There are restrictions in Ontario that make it more difficult for companies outside the province to bid on infrastructure projects, which are getting a big funding boost from the Liberals over the next few years.

Ontario consumers of wine and spirits must also buy their booze through the Liquor Control Board of Ontario, instead of having it shipped directly from a producer outside the province.

Sousa's comments come after the leaders of three western provinces called for the removal of trade barriers to reduce the cost of doing business and help provincial economies grow.

Saskatchewan Premier Brad Wall, Alberta Premier Dave Hancock and B.C. Premier Christy Clark sent a letter to other premiers on Wednesday saying it's time for a more modern approach.

Wall says it's arguably easier for a company in the United States to bid on government procurement in Canada than it is for some Canadian companies to bid in their own country.

The premiers say in the letter that the current Agreement on Internal Trade, which came into effect in 1995, allows "anti-free trade behaviour which puts us on a slippery slope to protectionism."

Wall said the old agreement takes the approach that every sector of the economy is protected unless an exception is added in.

He said a new Canada free trade zone would flip that around to say that everything is subject to free trade between the provinces unless exceptions are negotiated.

The three premiers say in the letter that they want to see a commitment for change when all the premiers meet in Charlottetown in August.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14486.83+174.76
S&P CDNX808.600.60
DJIA16677.90216.58
Nasdaq4452.792+69.945
S&P 5001950.82+23.71
CDN Dollar0.8917+0.0013
Gold1231.30+2.2001
Oil80.97-0.78
Lumber334.10+4.50
Natural Gas3.578-0.044

 
Okanagan Companies
Pacific Safety0.11-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.0550.00
Anavex Life Sciences0.1980.00
Metalex Ventures0.04-0.01
Russel Metals33.16+0.63
Copper Mountain Mining2.08-0.02
Colorado Resources0.14-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.41+0.005

 



23631

FEATURED Property
20214405248 Burnell Court, Kelowna, BC
3 bedrooms 3 baths
$775,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22707