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ARTICLE · 19 MARCH 2025

Breaking Down The Barriers To Interprovincial Provision Of Financial Services

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Torys' Canadian and New York offices will be providing regular briefs on the legal ramifications of the tariffs and other cross-border policy developments on the horizon.

CanadaFinance and Banking

Torys' Canadian and New York offices will be providing regular briefs on the legal ramifications of the tariffs and other cross-border policy developments on the horizon.

President Donald Trump's tariffs have renewed interest in addressing domestic barriers to trade and have motivated government officials to consider making Canada's domestic economy more integrated and accessible. In a recent op-ed, Canada's then Minister of Transport and Internal Trade, Anita Anand, noted that the provincial/territorial jurisdiction over property and civil rights in section 92(13) of the Constitution has led to inconsistent regulations in each jurisdiction over time, which should be revised and further aligned to offset the effect of U.S. tariffs and strengthen domestic trade1. The most recent bi-jurisdictional Committee on Internal Trade meeting similarly focused on eliminating regulatory barriers to internal trade, encouraging free movement of labour, and committing to further

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