The Liberal government introduced the One Canadian Economy Act to dismantle federal trade barriers and streamline infrastructure approvals. This initiative responds to economic pressures from U.S. tariffs, emphasizing the importance of a unified Canadian economy. Prime Minister Mark Carney's administration seeks to enhance sovereignty and job opportunities by recognizing provincial standards at the federal level, thereby allowing skilled workers to transition between jobs more easily. The legislation is expected to reduce infrastructure project approval times from five years to two, fostering a more dynamic and resilient economic landscape.
"The imposition by the U.S. of tariffs on Canada has underscored the urgency to quickly address longstanding barriers that have fragmented our economy and limited opportunities for Canadians."
"The bill will speed up the approval process of major infrastructure projects, reducing approval times from five years to two."
#canadian-economy #trade-legislation #infrastructure-projects #provincial-standards #economic-sovereignty
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