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Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford jointly announced a 8.7-billion CAD (about 6.18 billion USD) strategic industry support package on Wednesday, designed to shield workers and businesses from ongoing US tariffs and drive long-term economic growth. The joint federal-provincial action plan focuses on safeguarding Ontario’s steel, automotive, and critical mineral…
On Wednesday, Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford unveiled an 8.7-billion CAD strategic industry support package aimed at protecting workers and businesses from ongoing US tariffs and promoting long-term economic growth. The joint federal-provincial initiative focuses on safeguarding Ontario's steel, automotive, and critical mineral sectors.
Key components of the investment include establishing a joint steel action fund, modernizing the automotive sector by upgrading production lines for future connected and electric vehicles, and securing the province's north critical mineral supply chain with new road infrastructure and simplified approval procedures. Carney emphasized that Ontario, as Canada's manufacturing hub, houses world-class car and steel industries vulnerable to US tariffs.
The plan expands upon federal aid programs that have already allocated over 25 billion CAD to Canadian workers and businesses affected by US tariffs.
Written by urgent.news from KBC's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
