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Ottawa to rebate $100M in freight costs to ship steel across Canada
The rebate will cover half of freight costs for eligible Canadian-origin steel, with single recipients capped at $50 million.
- On Monday, Transportation Minister Steven MacKinnon announced a $100-million rebate plan to reimburse manufacturers for half the freight costs of shipping eligible Canadian steel products across Canada by rail or marine.
- To help domestic producers struggling with tariffs, the government is encouraging manufacturers to prioritize Canadian steel over foreign suppliers, including those from the United States.
- Starting today, companies can apply for the rebates, which run until next summer or until funding expires, with a maximum cumulative rebate of $50-million per recipient.
- The federal government is exploring similar support for the forest sector, as shifting global trade flows and tariffs continue to hamper Canadian industries across the country.
- Originally scheduled for the spring, the program follows efforts by Prime Minister Mark Carney announced in November to halve freight rates for steel and lumber interprovincially.
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Federal government launches $100M rebate program for steel shipments
The federal government has launched a $100-million rebate program that will cover a portion of transportation costs for eligible steel shipments moving between provinces and territories. Transport Canada announced that the Commodities Sectoral Support Program will rebate 50 per cent of eligible rail and marine transportation costs for qualifying Canadian steel products. According to the federal government, the program is intended to support dome…
All players in the channel will be able to avail themselves of the new federal program, from producer to end-user.
·Montreal, Canada
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Total News Sources52
Leaning Left20Leaning Right4Center17Last UpdatedBias Distribution49% Left
Bias Distribution
- 49% of the sources lean Left
49% Left
L 49%
C 41%
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