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"We're maintaining the status quo that's in place right now," he said, while also leaving the door open for future changes.
O'Toole's comments also included a promise of a "public, transparent" review of Canada's gun classification system, a step he said will depoliticize gun regulation.
"Our intention is to take the politics out of this, because Mr. Trudeau has divided rural versus urban, he has demonized, in some cases, farmers, hunters, sport shooters and actually ignored the real problem of rising smuggling and organized gang activity," he said.
"Assault" or "assault-style" firearms are colloquial descriptions, and what falls into either category is debated among gun users.
Asked about whether repealing that bill remains a promise, O'Toole repeated that he would maintain the bans on assault and "assault-style" weapon.
O'Toole made the comments at the end of a pier in downtown Vancouver, where he promised to hire 200 additional RCMP officers to fight gun smuggling, street gangs and illegal drug sales.