Canada Unveils $7.5B Tariff Relief Package for Businesses and Workers
The package expands loan and EI support, including a $2 billion diversification fund and $3.5 billion for worker measures, officials said.
- On Tuesday, the federal government announced a comprehensive tariff relief package providing financial support to businesses and workers through expanded loans and extended employment insurance measures.
- Trade pressures from the Trump administration prompted these interventions, with Industry Minister Mélanie Joly noting Tuesday that repayment schedules for large loans extend 36 months, placing them "after the Trump administration."
- The Business Development Bank will receive $500 million for cash-flow shortfalls, while companies can access interest-free loans ranging from $250,000 to $5 million with expanded eligibility starting at $1 million in annual revenues.
- Workers affected by tariffs now access employment insurance with the one-week waiting period waived, while the government highlights job opportunities in major projects, defence procurement, and the Build Canada Homes agency.
- The $10-billion Canada Enterprise Emergency Funding Corporation program increases maximum loan terms to 15 years from 10 years, while employers receive up to $1,000 per participant for training and administrative costs.
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CFIB statement on Canada's tariff relief measures
TORONTO, Aug. 25, 2026 /CNW/ — Dan Kelly, President at the Canadian Federation of Independent Business (CFIB), issued the following statement in response to Canada’s tariff relief measures: “While we appreciate that the government is trying to move quickly, at first glance it looks like small business owners are being served the usual alphabet soup of complicated programs. They will be challenging for small business owners to figure out, let al…
Winnipeg Free Press
The federal government pledged a $7.5B tariff-relief package. Here's what's in it.
OTTAWA - The federal government has announced a new package of relief for businesses and workers affected by U.S. President Donald Trump's latest round of tariffs, which are targeted at a wide variety of sectors ranging from honey and wine production to manufacturing, textiles and hockey sticks.
The Toronto Star
The federal government pledged a $7.5B tariff-relief package. Here’s what’s in it.
OTTAWA - The federal government has announced a new package of relief for businesses and workers affected by U.S. President Donald Trump's latest round of tariffs, which are targeted at
The federal government has pledged a $7.5B tariff-relief package. Here's what's in it.
The federal government has announced a new package of relief for businesses and workers affected by US President Donald Trump's latest round of tariffs, which are targeted at a wide variety of sectors ranging from honey and wine production to manufacturing, textiles and hockey sticks.
OTTAWA, ON, August 25, 2026 /CNW/ — Jasmin Guénette, Vice-President of National Affairs... The post CIBF Statement on Tariff Relief Measures Announced by the Federal Government appeared first on Les Affaires.
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