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CBC: Full Blown BC and Alberta trade war unlikely despite pipeline dispute, says economist
The recent trade dispute between B.C. and Alberta could have serious economic repercussions in the unlikely event it grows into a full-blown inter-provincial trade war, warns the Business Council of B.C.
"Our two provinces are very, very dependent economically, and the notion of a sort of rupture ... on a major scale is obviously concerning," said Jock Finlayson, executive vice president and chief policy officer of the council.
The Business Council of B.C. describes itself as a collaborative, non-partisan organization that compiles research on public policy issues to better inform government decision makers and British Columbian business leaders.
Finlayson said his group did a study on two-way trade between the two provinces in 2017.
The study found the mutual trade of goods and services between B.C. and Alberta generated more than $30 billion a year.
Furthermore, many businesses rely on cross-border investments and the movement of people between the two provinces.
Listen to the full interview: