News Summary

Western Canadian business groups from British Columbia, Alberta, Saskatchewan, and Manitoba have released a policy paper titled ‘Untapped Potential — Driving Canadian Prosperity Through Natural Resources’ ahead of an expected federal election. The paper outlines a strategic vision for leveraging Canada’s natural resources to drive economic prosperity. It emphasizes streamlining project approvals, exploring new global markets, and investing in trade-related infrastructure. The groups seek regulatory reforms and a clear Indigenous consultation process to unlock economic potential. They argue that Canada’s current regulatory environment hampers investment and growth in key industries such as agriculture, forestry, energy, mining, and aquaculture. The business councils call for changes to the regulatory framework, including the controversial Impact Assessment Act, to foster a more competitive environment for the resource sector.