Prime Minister Mark Carney is enacting a cross-departmental review of all regulations starting Wednesday, a measure he promised during the federal election campaign.

"Regulations play a key role in protecting the health and safety of Canadians—but to stay effective, they must be regularly reviewed," said Shafqat Ali, president of the Treasury Board, in a statement by his department accompanying the announcement.

"Cutting unnecessary red tape is essential to unlocking Canada's full economic potential."

Carney said in the statement his government has a mandate to "spend less and invest more," adding "it's time to make government more efficient, make its processes more effective, and to catalyze more private capital so we can build the strongest economy in the G7."

Carney's cabinet asked

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