I’m not sure this is a good thing for Canada. The EU feels like an incomplete experiment. Not strong enough to actually be a single market. But still able to create additional annoying regulations on top of nation level ones. The EU needs to be truly Federal to succeed economically. That might create uniform regulations with more uniform regulations and actually make Europe competitive.
EU already has uniform regulations, what are you talking about? It's also the third largest economy in the world, as uncompetitive as it is.