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Ottawa commits millions to shield Nova Scotia companies from U.S. tariff pain
The federal package includes grants for 27 businesses and a more than $400,000 investment for Ace Machining to buy new equipment.
- On Wednesday, Justice Minister Sean Fraser announced $14.1 million in funding for Nova Scotia businesses affected by U.S. tariffs, with Ace Machining Ltd. receiving over $400,000 for equipment upgrades.
- Last month, the United States imposed 50 per cent tariffs on about $28 billion of Canadian goods, prompting Canada to implement reciprocal tariffs on American products set to begin next week.
- The funding comes from Ottawa's $1.5 billion Regional Tariff Response Initiative; grants were awarded to 27 businesses total, with Ace Machining purchasing a new computer numerical control milling station.
- Ron Wallace, president and co-owner of Ace Machining, said trade wars have "real consequences," prompting the company to remove American suppliers and select a Matsuura MX-420 distributed by Elliott Matsuura Canada.
- Fraser confirmed these investments are among the first of many planned across Atlantic Canada, as the government aims to ensure its response remains "fast and agile" for affected businesses.
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Loonie Politics
Loonie PoliticsSean Fraser applauds exclusion of U.S. suppliers as he announces N.S. tariff relief
DARTMOUTH — When Ace Machining Ltd. president Ron Wallace needed a new piece of equipment for his Dartmouth, N.S., shop, he knew for certain it wouldn’t be coming from the United States.
Coverage Details
Total News Sources13
Leaning Left5Leaning Right1Center3Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 33%
11%
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