The Liberal government has introduced legislation aiming to bring down trade barriers within Canada and expedite the process for identifying and approving nation-building projects.
The One Canadian Economy Act (Bill C-5) would allow Canada to meet “this hinge moment with the urgency and determination it requires,” Prime Minister Mark Carney said during a June 6 press conference.
The first part of the legislation would create “one Canadian economy out of 13,” which has been a priority for the provincial and territories in the face of steep tariffs by the United States, the prime minister said.
The legislation stipulates that when a federal trade barrier exists, a good or service that complies with “comparable provincial or territorial rules” will be deemed to satisfy the federal trade requirements in Canada. Businesses that follow comparable provincial and territorial rules will also see costs and delays reduced….