Thank you for that question.
As part of the Prime Minister's mandate letter, I launched the red tape review last summer, asking ministers with regulatory responsibilities to identify ways to cut unnecessary red tape, streamline services, reduce duplication and lower costs for Canadians and businesses. Since then, the departments have identified approximately 500 initiatives, many of which are already under way, and we will be publishing a progress report this spring to show what has been delivered so far.
Building on that work, we launched a horizontal review in December to look across government and identify further opportunities to streamline regulations and improve efficiency. This includes working with regulators, industry and provinces and territories to find practical solutions.
Our focus is clear: reduce unnecessary red tape, keep Canada competitive, lower costs for Canadians and ensure the regulatory system keeps pace with today's economy so we can build the strongest economy in the G7.