Prime Minister Mark Carney has announced new aid measures aimed at helping Canada’s aluminum, steel, and lumber sectors affected by U.S. tariffs, including reduced steel imports, lower domestic freight costs, and increased relief funding for softwood lumber companies.
“These new measures focus on three core objectives—first, to further limit foreign steel imports so as to increase domestic demand for Canadian steel producers; second, to make it easier to buy and build with Canadian steel and lumber; and third, to invest in workers and businesses so they have the tools and the resources that they need to drive this industrial transformation,” Carney said at a Nov. 26 press conference.
