Ontario is rolling out a $1 billion loan program to provide emergency funding to businesses that have been hard-hit by U.S. tariffs.
Finance Minister Peter Bethlenfalvy unveiled the $1 billion Protect Ontario Financing Program at a press conference held in Queen’s Park this week, emphasizing that the fund will support struggling industries, including the province’s steel, aluminum, and automotive sectors.
“We know businesses are facing tremendous uncertainty, and we will continue to protect Ontario’s workers, businesses, and jobs from the impacts of U.S. tariffs,” Bethlenfalvy said at an Aug. 13 press conference, noting that the funding will keep workers on the job to build “a more resilient and self-reliant economy.”…