Canadian Government Announces $1.5 Billion Tariff Relief Amid U.S. Trade Tensions
The Canadian government has unveiled a $1.5 billion tariff relief package in response to increased tariffs imposed by President Trump on steel, aluminum, and copper products. This initiative includes a $1 billion loan program through the Business Development Bank of Canada, aimed at supporting the manufacturing sector affected by these tariffs. The program offers three-year, low-interest loans of up to $50 million, with no repayment required for the first three years. Industry Minister Mélanie Joly emphasized the need for quick liquidity access and medium-term support to help businesses find new export markets. Despite these measures, some Canadian manufacturers express concerns about the sustainability of their operations under the current tariff regime. 
