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Federal government commits nearly $9 billion for Ontario industries in face of trade war
The package includes more than $5 billion for steel, $2.5 billion for autos and $1 billion for Ring of Fire roads, officials said.
- Prime Minister Mark Carney and Ontario Premier Doug Ford are meeting in Ottawa on Wednesday to announce support for tariff-hit industries and workers.
- Pressure from U.S. tariffs forced Stelco to concentrate steel production at its Lake Erie Works plant in Haldimand and halt operations in Hamilton, triggering imminent layoffs.
- Industry Minister Melanie Joly said on Friday that a resolution is a "question of days," with the government alleging "multiple breaches of the commitments" under the Investment Canada Act.
- Finance Minister Francois-Philippe Champagne announced on Tuesday that the federal budget will be released on Nov. 5, two days after the midterm elections.
- Carney will depart for Turkey after the meetings, as the Parliamentary Budget Officer projects economic growth of 0.9 per cent for this year and 1.5 per cent for 2027.
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Bluefield Daily Telegraph+3 Reposted by 3 other sources
Carney says Trump’s tariffs hurt Americans as US alleges Canadian interference
Canadian Prime Minister Mark Carney says that U.S. President Donald Trump’s tariffs have raised costs for American families and upended decades of trade as he unveiled a $6.2 billion plan to protect Canada’s manufacturing heartland. Carney also says he spoke…
Carney, Ford Announce $9 Billion Support Plan for Steel, Auto, Critical Mineral Industries
Prime Minister Mark Carney and Ontario Premier Doug Ford participate in a joint news conference on Parliament Hill in Ottawa, on Oct. 21, 2026. (The Canadian Press/Justin Tang)
·New York, United States
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Coverage Details
Total News Sources53
Leaning Left32Leaning Right3Center10Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 22%
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