Sunday, March 1st2.4°C
25327

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

25103


Recent Trending




Today's Market
S&P TSX15234.34-6.82
S&P CDNX706.73+5.80
DJIA18132.70-81.72
Nasdaq4963.528-24.362
S&P 5002104.50-6.24
CDN Dollar0.7997+0.0002
Gold1203.00+6.10
Oil51.78-0.36
Lumber297.20+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.03
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.38+0.08
Copper Mountain Mining1.30+0.04
Colorado Resources0.15+0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.235+0.025

 



25320

FEATURED Property
2093426express point road,scotch creek b.c
3 bedrooms 3 baths
$679,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


25107