Prime Minister Mark Carney says he’s going to “ensure the federal government buys from Canadian suppliers,” as he unveiled the new ‘Buy Canadian’ strategy.
The new policy will require the use of local content, Carney said.
“These initiatives will help workers acquire new skills and businesses retool their production and diversify their products, while spurring more domestic demand for Canadian businesses,” Carney said.
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The government said it will extend this approach to all federal funding streams and Crown corporations, and “provide a roadmap for provinces and municipalities to apply similar standards to their own procurement.”
The new tariff relief strategy also includes a reskilling program for up to 50,000 workers affected by tariffs.
The government will also “make Employment Insurance more flexible and with extended benefits.”
Carney’s announcement also included measures aimed at helping small businesses. The government will expand Business Development Bank of Canada loans for small and medium-sized enterprises (SMEs) to $5 million, he said.
More to come
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