Hub Podcasts Carrots, not sticks: Interprovincial trade updates
Jun 3, 2025
This lively discussion delves into the recent Canadian premiers' meeting, tackling the hurdles of interprovincial trade. Emerging bilateral agreements and the necessity of a cohesive national strategy take center stage. A cheeky metaphor about a federal figure being compared to Santa Claus adds humor while critiquing provincial reliance on federal support. Additionally, the podcast examines the financial dynamics between Ottawa and the provinces, highlighting the need for collaboration to elevate the nation's economic landscape.
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Carney's Charm on Trade Barriers
- Provincial policies often hinder internal Canadian trade despite being against their own economic interest.
- Mark Carney uses charm, carrots, and sticks to push premiers to remove these economic barriers.
Limits on Federal Trade Intervention
- Provinces are addressing trade issues bilaterally but lack a national agreement to maximize efficiency.
- The federal government's power to intervene in interprovincial trade is limited judicially, relying mostly on persuasion.
Provinces Expect Financial Incentives
- Ontario Premier likens Mark Carney to Santa Claus, implying federal money is key to provincial cooperation.
- This highlights that provinces expect significant financial incentives to support trade reforms.