The PM also touted a ‘Buy Canadian’ programme, as a trade war with the US and Chinese duties on canola, pork and seafood pummel the economy
Canadian Prime Minister Mark Carney on Friday rolled out a multibillion-dollar relief package for businesses battered by tariffs imposed by both the US and China.
Carney said his government will invest C$5 billion (US$3.6 billion) through a new fund to help firms adapt, diversify and grow, as well as boost Business Development Bank of Canada loans for small and medium-sized businesses and expand a loan facility for tariff-hit large enterprises.
He also said his government would waive 2026 model year vehicles from Canada’s zero-emission standard and review the overall mandate.
The government will provide C$370 million to producers of biofuels such as canola, he added, and amend clean fuel regulations to support the industry.
