Government of Canada’s landmark legislation, the One Canadian Economy Act, which was passed last week in the House of Commons. This transformative legislation is a major step forward in building a more unified, inclusive, and resilient economy for all Canadians.
The Act aims to remove internal trade barriers, streamline interprovincial regulations, and create new opportunities for businesses and workers across the country. It reflects the government’s commitment to strengthening national unity and ensuring that every Canadian — regardless of region — can benefit from economic growth.
“This is a historic moment for Canada,” said MP Sidhu. “The One Canadian Economy Act will help unlock the full potential of our economy by making it easier for Canadians to work, trade, and innovate across provincial and territorial lines. I’m proud to stand with a government that is focused on building a stronger, more connected future for everyone.”
Prime Minister Mark Carney emphasized the significance of the legislation, stating:
“Today’s passing of Bill C-5, One Canadian Economy Act, will remove trade barriers, expedite nation-building projects, and unleash economic growth, with Indigenous partnership at the centre of this growth. It’s time to build big, build bold, and build now. As Canadians, we can give ourselves more than any foreign nation can ever take away.”
The legislation is part of the federal government’s broader plan to boost productivity, support small businesses, and ensure Canada remains competitive on the global stage.