Canada will follow the US and EU lead and lift sanctions against Iran, Foreign Affairs Minister Stephane Dion said Tuesday.
Responding to questions in the House of Commons, Dion said: "Canada will remove those sanctions."
"We will change this policy," he said, noting the sanctions were "not good" for anyone.
Signup to our newsletter and follow us on Facebook and Twitter!
No timeline was given.
The announcement comes weeks after a deal reached between Tehran and world powers came into force, allowing the United States and the European Union to begin lifting economic barriers brought in over Iran's nuclear program.
Earlier this month, Prime Minister Justin Trudeau expressed an openness to restoring diplomatic relations with Iran, saying four years after Canada shuttered its embassy that Tehran had made "significant movement" toward dismantling parts of its program that the West feared could have led to the manufacture of nuclear weapons.
Dion, meanwhile, has commented that a lifting of sanctions would allow Canadian companies to join EU and US firms now rushing to do business in Iran.
"Because if other countries move before us, it's not a way to help our industry," Dion said in mid-January.