Thank you so much, my friend, for the important question.
We are going through a time like no one has seen before. This is a global economic shift. There are new economic realities. With what we see south of the border, with the tariff situation, I think it's important for us to find ways to build Canada strong and to find the road that leads to success for future generations.
One of the policies we are implementing is a buy Canadian policy, which will move us from best efforts to clear obligations to buy Canadian so that federal dollars directly support Canadian workers and industries.
We're moving from reliance to resilience. Budget 2025 provides a clear investment to fully implement that policy across departments, agencies and Crown corporations, making it consistent and effective.
We are also developing harmonized procurement regulations to bring Canada's complex rules into one clear framework, which will simplify operations, reduce legal risk and give suppliers the clarity they need to compete. Through new supports for small and medium-sized businesses, we're helping Canadians break firmly into federal markets. We are focused on that.
To assist, as the Treasury Board president, I have launched a red-tape review to reduce those duplicative regulatory burdens so that we can grow our economy faster and make it the strongest economy in the G7.