US EditionCarney to announce measures to protect steel, softwood lumber industries: Report
Prime Minister Mark Carney unveils measures cutting steel import quotas to 20% for non-free trade countries and subsidizes domestic freight costs by 50%, opening $854 million market potential.
- Prime Minister Mark Carney will announce new measures on Wednesday to protect and transform Canadian strategic industries, including reducing steel imports from countries without free trade agreements from 50% to 20% of 2024 levels.
- The government plans to work with CN Rail to cut freight rates by 50% when shipping steel interprovincially, or subsidize the difference if CN can't oblige.
- Carney is also expected to announce supports for the softwood lumber industry on Wednesday.
32 Articles
32 Articles
Carney to announce new supports for lumber, steel sectors hammered by U.S. tariffs
OTTAWA — The federal government plans to inject $500 million in loan guarantees for Canada's softwood lumber industry and further limit foreign steel imports to support the sectors being hammered by U.S. tariffs.
Carney to announce new supports for lumber, steel sectors hammered by U.S. tariffs
OTTAWA — The federal government plans to inject $500 million in loan guarantees for Canada's softwood lumber industry and further limit foreign steel imports to support the sectors being hammered by U.S. tariffs.
Carney to announce new supports for lumber, steel sectors hammered by U.S. tariffs
OTTAWA — The federal government plans to inject $500 million in loan guarantees for Canada's softwood lumber industry and further limit foreign steel imports to support the sectors being hammered by U.S. tariffs.
Carney to announce new supports for lumber, steel sectors hammered by U.S. tariffs
OTTAWA — The federal government plans to inject $500 million in loan guarantees for Canada's softwood lumber industry and further limit foreign steel imports to support the sectors being hammered by U.S. tariffs.
Carney to announce new supports for lumber, steel sectors hammered by U.S. tariffs
OTTAWA — The federal government plans to inject $500 million in loan guarantees for Canada's softwood lumber industry in an effort to aid the sector amid Canada's trade war with the United States.
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