‘Buy Canadian’ policy may lead to $12 billion annual cost to taxpayers, report finds

A study from the Montreal Economic Institute warns that Canada’s new Buy Canadian procurement policy could raise infrastructure project costs by over $12 billion annually, ultimately harming taxpayers. The policy, which prioritizes domestic suppliers for federal contracts, may hinder competition and innovation, according to economist Vincent Geloso. He argues that protectionist measures often lead to higher costs and inefficient resource allocation, suggesting that a transparent bidding process would be more beneficial.

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