The rising number of rules and regulations shaved almost 2 percentage points off the growth in output from Canada’s business sector over a 15-year period.
Former Bank of Canada governor Stephen Poloz shares his analysis on the Canadian economy and Trump's tariff threats.
Regulations reduced growth in gross domestic product of the business sector by 1.7 percentage points from 2006 to 2021, according to a paper released Monday by Wulong Gu, an economist with Statistics Canada. That doesn’t include the household or government sectors. The study comes as federal and provincial governments mull strategies to bolster the country’s economic prospects in light of US threats to levy tariffs on imports of Canadian products, most recently on steel and aluminum.
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