Ottawa commits millions to shield Nova Scotia companies from U.S. tariff pain

Ottawa is investing millions to help Nova Scotia businesses cope with the impact of U.S. tariffs, according to a news conference held in Dartmouth on Wednesday. The $1.5-billion federal package, part of the $7.5-billion trade policy initiative, includes a $14.1 million grant to 27 Nova Scotia companies, including Ace Machining Ltd. President Ron Wallace, who opted to purchase a Japanese-made computer numerical control milling machine instead of an American-made one, citing the tariffs as the reason.

Wallace expressed optimism that this is just one example of many similar actions being taken by businesses across the country. Justice Minister Sean Fraser emphasized the importance of Canadians making purchasing decisions that support their economic well-being and noted that Nova Scotia has trade vulnerabilities, particularly with the Michelin tire plant in Granton. Fraser also mentioned that similar funding is available in every region of the country.