“New ‘Buy Canadian’ Policy Boosts Local Economy”

Date:

The federal government’s new “Buy Canadian” initiative becomes active today, aiming to revolutionize its procurement practices. Initially introduced in the autumn, the policy seeks to prioritize Canadian goods and workers in federal purchasing decisions. This directive is applicable to upcoming major government projects, housing offices, defense acquisitions, and community infrastructure supported by federal funding.

Under the first phase of the policy starting today, contracts exceeding $25 million must give preference to Canadian businesses and materials. Furthermore, it mandates the utilization of Canadian steel, aluminum, and wood products that are manufactured or processed within Canada in construction and defense ventures. This move is intended to bolster industries that were adversely affected by the trade conflicts instigated by U.S. President Donald Trump.

Procurement Minister Joël Lightbound emphasizes that the government’s primary focus is on supporting Canadian workers and industries through this policy. He believes that this shift will contribute to the resilience of Canadian supply chains in the long run.

Share post:

Popular

More like this
Related

“Physician Faces Dilemma Over Denied OHIP Claim for Deceased Newborn”

After a newborn passed away at a hospital near...

“Indictment of Former Trump Adviser Bolton Rocks D.C.”

Former national security adviser John Bolton, who served in...

“Man Accused of Illegally Crossing US Border on Sea-Doo”

Sarnia authorities have accused a man from Toronto of...

“Canada Approves Teck Resources and Anglo American Merger”

Industry Minister Mélanie Joly has given the green light...