Quebec Premier Implements $50M Loan Initiative for Companies Vulnerable to Tariffs, Says 160K Jobs at Risk

Quebec Premier Implements $50M Loan Initiative for Companies Vulnerable to Tariffs, Says 160K Jobs at Risk
Quebec Premier François Legault makes an announcement in Contrecoeur, Que., on Feb. 17, 2025. The Canadian Press/Christinne Muschi
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Quebec will provide up to $50 million in liquidity loans to local businesses vulnerable to U.S. tariffs in a bid to help them reduce their reliance on trade with the United States, Premier François Legault has announced.

Legault is forecasting as many as 160,000 jobs could be lost in the province if the tariffs are maintained long-term.