Canada and Ontario announce nearly $9 billion in support for steel and auto sectors
SPY•Canada Prime Minister Mark Carney and Ontario Premier Doug Ford announced nearly $9 billion in support for the steel and auto sectors, which have been hit by U.S. tariffs, and federal funding for roads into the Ring of Fire minerals region.
1. Support for key sectors
Canada Prime Minister Mark Carney and Ontario Premier Doug Ford announced nearly $9 billion in support for the steel and auto sectors, both hit by U.S. tariffs. The federal government will also fund roads into Ontario’s Ring of Fire minerals region.
2. Other Canadian headlines
Canada and the European Union will launch a trade and defence co-operation alliance at a Montreal summit next week, with Canada to be treated as an associate member of the 27-country bloc. Food- and agriculture-focused investor Power Sustainable Lios acquired Richmond, British Columbia-based Fine Choice Foods from a U.S. fund.
