Canada's Regulatory Competitiveness Directive Sets New Red-Tape Reduction Requirements

On 21 October 2026, the Government of Canada announced a Cabinet Directive requiring regulators to reduce regulatory burden costs by C$2 for every C$1 added through new regulations, with implementation scheduled for 31 December 2026. Although announced outside the requested seven-day period, the directive remains relevant for businesses preparing for regulatory changes. HPC can support regulated organisations with compliance analytics, regulatory data management, audit trails and automated reporting systems.

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