Regulatory reform is a rare common ground in Canadian politics. The Carney government launched a red tape review last year and reversed several Trudeau-era regulatory policies. Cabinet minister Dominic LeBlanc has publicly criticized how red tape holds back the economy, while Pierre Poilievre has made cutting it a centrepiece of his economic pitch.
A recent survey by the Business Council of Canada found that nearly half of CEOs identify the domestic regulatory burden as the single most important factor influencing their investment decisions—higher than CUSMA uncertainty—topping the list in every survey wave since 2023.
