‘Buy Canadian’ policy comes into effect, changing rules for federal procurement
AI Article Summary
The Canadian federal government's 'Buy Canadian' policy has been implemented, prioritizing Canadian products and workers in federal procurement. The policy applies to new major projects, defence procurement, and infrastructure projects funded by the federal government for contracts valued at $25 million or more. It mandates the use of Canadian steel, aluminum, and wood in construction and defence projects to support local industries. Procurement Minister Joël Lightbound emphasizes the policy's role in strengthening Canadian supply chains.
What This Means for Canadian Contractors
For Canadian builders, this means increased opportunities in federal projects, especially those involving contracts worth $25 million or more. The emphasis on using domestic materials like steel, aluminum, and wood could benefit local suppliers and manufacturers, potentially reducing supply chain disruptions. However, builders should prepare for possible changes in project timelines or costs due to the prioritization of Canadian products.
