Ottawa to rebate $100M in freight costs to ship steel across Canada
The rebate will cover half of freight costs for eligible Canadian-origin steel, with single recipients capped at $50 million.
- On Monday, Transportation Minister Steven MacKinnon announced a $100-million rebate plan to reimburse manufacturers for half the freight costs of shipping eligible Canadian steel products across Canada by rail or marine.
- To help domestic producers struggling with tariffs, the government is encouraging manufacturers to prioritize Canadian steel over foreign suppliers, including those from the United States.
- Starting today, companies can apply for the rebates, which run until next summer or until funding expires, with a maximum cumulative rebate of $50-million per recipient.
- The federal government is exploring similar support for the forest sector, as shifting global trade flows and tariffs continue to hamper Canadian industries across the country.
- Originally scheduled for the spring, the program follows efforts by Prime Minister Mark Carney announced in November to halve freight rates for steel and lumber interprovincially.
28 Articles
28 Articles
Ottawa is investing $100 million to provide a 50% rebate on Canada's interprovincial rail and marine steel transportation.
Feds in Hamilton to announce $100M program to cover 50% of shipping steel in Canada
The federal government is pumping $100 million into Canada's steel industry with a new program that will pay for half the costs of transporting Canadian-made steel by ship or by rail within the country.
Ckpg Today
Ottawa to rebate $100M in freight costs to ship steel across Canada
OTTAWA — Ottawa plans to slash costs to send steel between provinces and territories for the next year in a bid to help domestic producers hit hard by tariffs. Transportation Minister Steven MacKinnon is announcing a $100-million rebate plan today to p...
The Toronto Star
The Hamilton SpectatorCarney Liberals launch $100-million rebate program for steelmakers as new Trump tariffs loom
Canada is launching a $100-million rebate program to help steelmakers sell more product at home, as Ottawa stares down a looming deadline to avert a fresh wave of U.S. tariffs.
Ottawa plans to significantly reduce the cost of steel transportation between provinces and territories in the coming year to assist domestic producers hard hit by tariffs.
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