Mr. Speaker, I will be splitting my time with my colleague, the member for Souris—Moose Mountain.
I stand today to discuss Bill C-5, the one Canadian economy act, a piece of legislation introduced on June 6. The free trade and labour mobility in Canada act and the building canada act seek to unify Canada's economy by removing barriers to interprovincial trade and expediting major infrastructure projects.
The bill has generated a tremendous amount of feedback from the residents of Sudbury East—Manitoulin—Nickel Belt. I have received dozens of emails from people concerned that the government will manage to turn this initiative from something it claims would be good for northern Ontario into a mess. We have seen the Liberal government, time after time, introduce policies and programs that it claimed would help the economy, and instead, they had the opposite effect. I must say that I share that view. Bill C-5 should be a step toward economic growth and prosperity for all northern Ontarians, including indigenous people, but I do not have a lot of confidence that the Liberals will get this right.
The Liberal government's approach to this issue raises important questions about balance. Let us explore a few of its key components and the broader context it aims to address.
Part 1 of Bill C-5 is designed to create one Canadian economy out of 13. Canada's economy has long been hampered by interprovincial trade barriers, which cost our economy approximately $200 billion per year in lost economic growth. Barriers ranging from differing provincial regulations to restrictions on labour mobility have created disadvantages in our markets, making it harder for goods, services and workers to move freely across provincial and territorial lines. These barriers cannot continue if we are to compete in international markets today. For example, skilled Canadian workers, some who have decades of experience and training, are prevented from working in their fields from province to province. These types of regulations need to stop if we are to grow our economy and improve our productivity.
Bill C-5 should be a practical step toward streamlining trade and enhancing labour mobility, which could boost productivity and competitiveness in Canada. Although I support the notion that all Canadians should be able to ply their trade in any province, the devil is in the details. The Liberal government has not laid out how we are to achieve these goals. How will it get all provinces to sign on to these changes? The bill itself does not lay out the plan to achieve these goals of labour mobility. Will the bill, which allows labour mobility, stand up to legal challenges from provinces and other stakeholders who may not want to see this type of policy implemented? I am not sure the government knows the answer to that question.
I also want to take a minute to discuss the free movement of goods and products between provinces. Provinces have a combined total of about 600 professional credentialing bodies that regulate goods and services within their borders. These barriers exist in virtually every industry. Alcohol, dairy and many agricultural products are subject to these barriers. For instance, some products need to be inspected when they enter a province, even though they were previously inspected in their province of origin. It is these types of regulations that end up costing producers, and ultimately consumers, more money.
Part 2 of the bill, the building Canada act, focuses on fast-tracking nation-building infrastructure projects, such as pipelines, power lines and renewable energy initiatives. By streamlining federal government processes, the bill aims to reduce approval timelines from five years to two years. This part of the bill is particularly significant for my riding and across northern Ontario. Energy security and economic competitiveness in the global market, especially in the mining industry, are critical to the future of our communities.
We have all heard people speak about the vast resources of the Ring of Fire. The Ring of Fire is a massive mineral deposit that contains many components crucial to our modern industries, billions of dollars of minerals beneath our feet that could improve the living standards for all of northern Ontario, including indigenous people. The people of my riding would greatly benefit from the Ring of Fire project. Would the Ring of Fire be deemed a nation-building project? The people of northern Ontario deserve to know this.
I also have some concerns that the bill would empower the federal government to issue a single authorization document covering multiple permits, but it has not laid out a concrete timeline in the bill. There has been no discussion or list of what projects would be deemed as nation-building projects. Who would have input into this list? What would be the criteria to demand a nation-building project?
One of my biggest concerns is that the bill would give a tremendous amount of power to the ministers' offices and the Prime Minister's Office. We have all seen what can happen when too much power is put in the hands of a few Liberal ministers and the Prime Minister's Office. We could very well face a situation where there would be a high degree of political interference by Liberal insiders and decisions made on ideological grounds instead of what is good for the economy and the people of Canada. There must be openness and transparency in this process.
For instance, Liberals claim they will ensure consultation with indigenous people, but there is no definition of what that means or how that process would unfold. On this side of the House, our shadow critics have argued that the bill could be simplified by broadly eliminating project-blocking laws rather than creating exemptions. The elimination of Bill C-69 and Bill C-48 would be a good start. They could also look at removing the industrial carbon tax, which would help industries invest in new environmental technologies and growth.
Private sector companies need certainty, and the fact that this bill would sunset or be reviewed in five years does not give them the long-term certainty they are looking for. If companies are going to invest billions of dollars and create jobs, wealth and prosperity for the people of Canada, they need to know what the government is doing long-term.
Conservatives have long been advocating for the following measures to achieve energy security and a strong economy. We need shovel-ready economic zones. We need to scrap the cap on oil and gas, repeal Bill C-69 and Bill C-48, axe the industrial carbon tax and remove unrealistic and punitive electricity regulations. If the Liberal government is serious about standing up for Canada and not having us totally reliant on the U.S., then it will do all of these things.
In conclusion, Canada needs giant steps. Bill C-5 is a baby step that would not completely address the issues that have been created by the totally misguided policies of the Liberal government over the last decade.