Canadian business regulations surged, harming GDP and jobs, as easing rules could boost economy, study finds.
A Statistics Canada study shows that regulations on Canadian businesses increased by 37% between 2006 and 2021, reducing GDP growth by 1.7% and employment by 1.3%. Small businesses were less affected. The study suggests that easing regulations could boost the economy, as interprovincial trade barriers could be reducing Canada's GDP by up to 7%. This comes amid a US deregulatory push and threats of tariffs on Canadian goods.
1 month ago
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