KPMG's report says that 76 per cent of the business leaders surveyed say they are bracing for the worst and taking steps to prepare for recession in Canada.Sean Kilpatrick/The Canadian Press
A new report says nearly two-thirds of Canadian businesses want the government to work to reduce the barriers to internal trade in an effort to improve productivity.
The poll by KPMG in Canada of 250 business leaders found 64 per cent of those surveyed says government removing interprovincial trade barriers and harmonizing regulations and credentials is a top priority.
The online survey done between May 9 and May 20 also found that 82 per cent of business leaders believe the elimination of interprovincial trade barriers will improve their company’s efficiency and productivity.
Interprovincial trade efforts have been praised – but the economic boost may be overhyped
Provinces are vowing to eliminate trade barriers. How much could it save you?
Other top priorities identified by business leaders in the survey was a comprehensive tax review to improve competitiveness at 58 per cent, while 56 per cent said they want the government to streamline processes and expedite resource and major infrastructure projects.
The poll comes ahead of the speech from the throne on Tuesday that is expected to lay out the new Liberal government’s priorities. Prime Minister Mark Carney was elected last month on promises to improve Canada’s economic resilience and nation-building projects in the face U.S. tariffs.
The KPMG report says that 76 per cent of those surveyed say they are bracing for the worst and taking steps to prepare for a Canadian recession, given the continuing trade uncertainty.