Canada · 13 d ago
Carney and Ford announce $8.7 billion for tariff-hit industries in Ontario
Federal and Ontario action plan
8.7 $ billion
Ottawa and Ontario unveiled an $8.7-billion action plan on Wednesday for steel, autos and critical minerals, with the province putting in $2.67 billion.
Where the money goes
- Steel fund: $3.5B federal, $1.7B Ontario
- $2.5 billion for the auto industry
- $1 billion for Ring of Fire roads
- Stricter border checks on steel dumping
The plan includes a new steel fund, $2.5 billion to help the auto industry shift to electric vehicles and $1 billion for roads to the Ring of Fire in Northern Ontario.
"No matter what happens in the midterms, no matter who sits in the White House, we're not going back to the way things were," Ontario Premier Doug Ford said.
— Ontario Premier Doug Ford
Jasonhargrove · CC BY 4.0 · Wikimedia Commons
The plan comes as Stelco plans to lay off up to 500 workers in Hamilton and Lake Erie. Prime Minister Mark Carney said Ottawa has the right and the obligation to protect Stelco workers.
