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Ottawa commits millions to shield Nova Scotia companies from U.S. tariff pain
The federal package includes grants for 27 businesses and a more than $400,000 investment for Ace Machining to buy new equipment.
- On Wednesday, Justice Minister Sean Fraser announced $14.1 million in funding for Nova Scotia businesses affected by U.S. tariffs, with Ace Machining Ltd. receiving over $400,000 for equipment upgrades.
- Last month, the United States imposed 50 per cent tariffs on about $28 billion of Canadian goods, prompting Canada to implement reciprocal tariffs on American products set to begin next week.
- The funding comes from Ottawa's $1.5 billion Regional Tariff Response Initiative; grants were awarded to 27 businesses total, with Ace Machining purchasing a new computer numerical control milling station.
- Ron Wallace, president and co-owner of Ace Machining, said trade wars have "real consequences," prompting the company to remove American suppliers and select a Matsuura MX-420 distributed by Elliott Matsuura Canada.
- Fraser confirmed these investments are among the first of many planned across Atlantic Canada, as the government aims to ensure its response remains "fast and agile" for affected businesses.
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Sean Fraser applauds exclusion of U.S. suppliers as he announces N.S. tariff relief
The federal government announced 27 Nova Scotian companies would receive $14.1 million in combined funding from the Regional Tariff Response Initiative. The $1.5-billion program is part of a $7.5-billion federal package designed to help Canadian businesses deal with the impacts of U.S. trade policy.
·Ottawa, Canada
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Canada invests $14M to help Nova Scotia businesses respond to tariffs
DARTMOUTH: Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), announced federal investments totaling more than $14.1 million to support businesses in Nova Scotia. These investments are among the first being announced as Canada rolls out recently enhanced measures to deliver fast, simple, and […]
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Total News Sources17
Leaning Left7Leaning Right1Center3Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 27%
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