Tuesday, June 30th21.7°C
26807
24949

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 TSX14537.84+47.69
S&P CDNX671.30+4.21
DJIA17600.19+3.84
Nasdaq4973.02+14.55
S&P 5002058.81+1.17
CDN Dollar0.8002-0.0063
Gold1174.90-3.60
Oil59.57+0.61
Lumber289.70-2.50
Natural Gas2.754-0.096

 
Okanagan Companies
Pacific Safety0.16-0.01
Knighthawk0.010.00
QHR Technologies Inc1.55+0.02
Cantex0.05+0.00
Anavex Life Sciences0.4381+0.0181
Metalex Ventures0.075+0.010
Russel Metals22.48-0.20
Copper Mountain Mining1.21+0.04
Colorado Resources0.095+0.005
ReliaBrand Inc0.0062-0.0002
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.015
Decisive Dividend Corporation2.50+0.42

 



26764

FEATURED Property
21840445344 Signet Crescent
4 bedrooms 3 baths
$798,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...


Renovation dreaming

Photo: Thinkstock.comDreaming of a new fire pit? A deep soaker tub?With summer on its way, lots of families have renovations on their minds. Did you know that home buyers can apply for a Purchase Plus...

_



26532

26509


Member of BC Press Council


26045