Prime Minister Mark Carney announced a range of programs and more than $6.5 billion in funding, including a $5 billion strategic response fund, to strengthen Canadian industries and offset the impact of U.S. tariffs and trade tensions.
Among the funding and policies announced by Carney on Sept. 5 is reskilling and training support for up to 50,000 workers, a $5 billion fund to help businesses diversify, and a new “Buy Canadian” policy to prioritize domestic suppliers.
The new measures also provide expanded loans and financing for businesses and workers, expanded access to employment insurance benefits, and more than $370 million in incentives and subsidies for canola farmers facing a 75.8 percent tariff from China. …