Canada’s leading industry groups say Prime Minister Mark Carney’s effort to cut red tape is floundering, costing the country billions more in trade losses than US President Donald Trump’s tariffs.
Forestry, oil and gas, and auto industry representatives told the FT they are frustrated at the pace of regulatory reform that is central to Carney’s efforts to insulate Canada from Trump’s devastating US trade war.
“Ottawa needs to align its regulatory policy objectives with economic reality,” said Derek Nighbor, president of the Forest Products Association of Canada, which represents one of the country’s largest employers, contributing C$19.9bn of its GDP.
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