US EditionPublished • loading... • Updated
Carney Touts Bay Du Nord Oilfield and Quebec Energy Deal in Newfoundland
The $80 million fund aims to aid small and medium-sized businesses in Atlantic Canada to diversify markets and adopt technology amid trade tensions, officials said.
- Prime Minister Mark Carney announced $80 million in tariff relief for Atlantic Canada businesses on September 8, 2025, in a regional event.
- This announcement follows last week's federal package of protectionist policies responding to U.S. President Donald Trump's trade war and related retaliatory tariffs.
- The fund, established by the Liberal government as part of a $1 billion initiative responding to regional tariffs, is designed to support small and medium enterprises in expanding into new markets and integrating advanced technologies.
- Carney stated that Canada's economic ties with its top trading partner, the U.S., are evolving and it can no longer depend on that relationship as it did in the past. He also mentioned that the seafood sector, which has been affected by Chinese tariffs, will qualify for financial support.
- This move signals a shift in trade strategy as Atlantic Canada seeks to seize new opportunities and accelerate nation-building projects amid changing global relations.
Insights by Ground AI
Podcasts & Opinions
16 Articles
16 Articles
Carney touts Bay du Nord oilfield and Quebec energy deal in Newfoundland
A proposed offshore oilfield and a hydroelectricity deal with Quebec are two major projects in Newfoundland and Labrador that can increase the competitiveness of Canada’s economy, Prime Minister Mark Carney said Monday in St. John’s, N.L.
·Canada
Read Full Article
CambridgeToday.ca+2 Reposted by 2 other sources
·Cambridge, Canada
Read Full Article
Carney details tariff relief funding for Atlantic businesses
Prime Minister Mark Carney says businesses in Atlantic Canada will be able to access $80 million of the tariff relief fund set up by the Liberal government. Ottawa has set aside $1 billion for a regional tariff response initiative to help small and medium-sized businesses diversify their markets and adopt new technologies. Last week, the federal government […]
·Toronto, Canada
Read Full ArticleCoverage Details
Total News Sources16
Leaning Left6Leaning Right3Center2Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 18%
R 27%
Factuality
To view factuality data please Upgrade to Premium
