Carney Unveils Billions in Aid for Canada’s Tariff-Hit Firms

Prime Minister Mark Carney has announced a multi-billion dollar aid package to support Canadian businesses and workers affected by the ongoing tariff disputes with the United States and China. The relief measures include direct financial assistance, tax cuts, and access to low-interest loans for companies struggling with the impact of the trade tensions. The aid package is aimed at mitigating the economic harm caused by the tariffs, which have hit key Canadian industries such as steel, aluminum, and agriculture particularly hard. The government's intervention is intended to help these businesses and their employees weather the storm and maintain their competitiveness in the global market. Carney emphasized the importance of protecting Canadian jobs and ensuring the long-term viability of the country's industrial base. The announcement comes amidst growing concerns over the escalating trade dispute and its potential consequences for the Canadian economy.