Canada’s flourishing contraband tobacco market helps fund overseas terrorism: report

From: Global News

WATCH: Police carried out more than 70 raids in two provinces, in a crackdown on an international crime ring spanning North America, South America and Europe. Jacques Bourbeau has the details.

Contraband tobacco remains a major problem in Canadian markets, a new study from the Macdonald Laurier Institute has found, and governments and law enforcement agencies are not doing enough to crack down on it.

In Ontario alone, governments are seeing between $1.6 and $3 billion in lost tax revenue per year as a result of illegal trade in tobacco products, the institute concludes in its latest report, which is set to be released on Thursday. Global News was able to obtain a copy in advance.

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