Carney Announces $5B Fund, ‘Buy Canadian’ Policy to Shield Workers and Businesses From US Tariffs

Carney Announces $5B Fund, ‘Buy Canadian’ Policy to Shield Workers and Businesses From US Tariffs
Prime Minister Mark Carney speaks at a press conference as he is joined by Industry Minister Mélanie Joly at a manufacturing facility in Mississauga, Ont., on Sept. 5, 2025. THE CANADIAN PRESS/Sammy Kogan
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Prime Minister Mark Carney announced a range of programs and more than $6.5 billion in funding, including a $5 billion strategic response fund, to strengthen Canadian industries and offset the impact of U.S. tariffs and trade tensions.

Among the funding and policies announced by Carney on Sept. 5 is reskilling and training support for up to 50,000 workers, a $5 billion fund to help businesses diversify, and a new “Buy Canadian” policy to prioritize domestic suppliers.