Madam Speaker, Bill C-39, the building Canada strong act, is a crosscutting piece of legislation that would unlock Canada's maritime potential, reduce supply chain restraints at our major international trade gateways and position the Canadian maritime sector to enable our ambitious trade diversification agenda to double Canada's non-U.S. exports within a decade. Our government's trade diversification strategy is working. In 2025 alone, Canada's exports to non-U.S. markets increased by 11.1%, reaching 32.8% of total Canadian exports, the highest share in over four decades.
Canada's ports are the gateways that make things happen, bringing Canadian products to markets around the world and building Canada's economic sovereignty. In order to meet our objectives and double our non-U.S. trade, it is essential that we have reliable, efficient and secure marine transportation systems to connect Canada to the foreign markets that want Canadian grain, Canadian energy or the thousands of other products that we proudly produce in this country.
Let me start by discussing Canada's port authorities. Canada's port authorities are at the heart of global trade for Canada and transport networks serving as critical nodes that connect Canadian businesses, Canadian farmers and Canadian producers to key international markets. Collectively, the 17 Canada port authorities facilitate the movement of containerized bulk and energy products that underpin our economic growth. To ensure that Canada port authorities are positioned to enable trade diversification and have the flexibility to react to changing international trade patterns, the building Canada strong act would give port authorities the tools and financial flexibility to operate within an increasingly complex marine environment, while ensuring greater transparency and accountability for marine terminals, shippers and other port users.
The proposed amendments in this bill would enable Canada port authorities to become commercially oriented and empower them to attract the investment capital necessary to build the next generation of Canadian marine terminals such as Roberts Bank Terminal 2 at the port of Vancouver and Contrecœur at the port of Montreal. To support these types of generational infrastructure projects, the proposed bill would facilitate corridor-level planning to better situate commodities and ensure that Canada port authorities are working together rather than competing with each other for similar business lines.
The proposed legislation would also enhance the ability of Canada port authorities to act on commercial opportunities and generate revenue by allowing joint ventures with private and public entities as well as enabling increased collaboration between port authorities. Other amendments would support improvements to the borrowing processes for Canada port authorities and reduce regulatory burden to allow for one project, one review, while others would close data and information gaps.
With these proposed tools and financial opportunities, it is more important now than ever to ensure that those in leadership positions at Canada port authorities have the right technical and business-oriented skill sets to set strategic direction and strengthen existing operations. This is why the bill would modernize the governance of our ports through new skill matrices for appointments. Taken together, these proposals would enhance the fiscal and governance tools available to Canada port authorities while ensuring that port authority boards are properly equipped to invest in critical port infrastructure to meet and exceed Canada's export trade goals.
Ensuring that Canada port authorities have the right governance and operational tools is only part of the equation. To remain competitive and meet the growing trade demands, ports must also be able to attract and leverage investments to modernize infrastructure, expand capacity and strengthen supply chain resilience. Given the critical nature of our port facilities, these investments need to bring tangible benefits to the country and serve the best interests of Canada and Canadians.
Currently, under the Canada Transportation Act, the Minister of Transport can review investments, acquisitions and mergers involving transportation undertakings that are at or above $93 million. Although the threshold captures major investment, it would not capture situations such as when a series of smaller investments cumulatively results in a large foreign investment in specific terminals or marine assets. As such, the government is proposing to broaden the scope of transactions eligible for review by reducing the notification threshold to $10 million to ensure these investments involve transportation undertakings and are in the interest and at the heart of Canadians.
We must also ensure that the government is well positioned to respond to emerging threats and risk to marine transportation systems. This very important. Security events can have a significant impact on port and marine operations, which impact the efficiency and reliability of Canada's supply chains. Concerns over security issues, including a dated regime, can lead to the perception that Canada is a weak link. Such perception could adversely affect Canada's relations with other trading partners and have a significant impact on future opportunities for economic growth and development.
Canada's marine system needs a modern security framework to adapt and respond to increasingly complex challenges. The proposals in this bill would provide the government with a modern suite of authorities and tools to effectively administer Canada's marine security framework and respond to emergency security threats. Information sharing would be enhanced across marine security partners and allow the Minister of Transport to enter into agreements with third parties and other departments to increase enforcement capacity and ensure critical provisions, such as cybersecurity protections, are being effectively met by the operators. Together, this would promote a more effective response to marine security threats and risks.
Through this bill, we would also be seeking to equip the Government of Canada with new tools to support stable and continued operations at the St. Lawrence Seaway. These new tools would give the government needed authorities to safeguard seaway operations in exceptional circumstances to protect operational continuity for this important sector. This includes authorities aimed at reducing disruptions to navigation, such as the authority to appoint an administrator in place of the St. Lawrence Seaway Management Corporation board in certain circumstances, and requirements to terminate the operator agreements, supported by the structure and dispute resolution when needed.
As we modernize and backstop the St. Lawrence Seaway, it is equally important that the Government of Canada have the tools necessary to respond quickly and effectively to emerging challenges across the marine transportation system. The building Canada strong act, therefore, complements the measures for the seaway and Canada port authorities by giving the Minister of Transport the power to respond to situations where there is an immediate, imminent and serious threat to ports, the seaway or supply chains. The ministerial order power would allow the minister to safeguard supply chains during a crisis. This could include, for example, pandemics, trade disputes, global conflicts or natural disasters. An order made under these provisions might require a port or the seaway operator to take any measure, including corrective measures, that the minister considers necessary to prevent or mitigate a threat, but would not be used in the event of a labour action or strike.
These measures directly respond to the needs of Canada port authorities. Ports across the country support this plan. The Association of Canadian Port Authorities has applauded the government for focusing on the transportation system and creating the conditions for investment in the infrastructure Canada needs.
This bill is a practical and forward-looking piece of legislation that recognizes the critical role Canada's marine transportation system plays in supporting economic growth, trade diversification and national supply chain resilience. By modernizing the governance and financial frameworks of Canada port authorities, strengthening oversight of transportation investments and equipping the Minister of Transport with targeted tools to respond to emerging threats, this legislation would help ensure Canada's marine gateway to remain competent, competitive, secure and efficient.