Originally published by KBC Digital — Read the original article →
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Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford jointly announced a 8.7-billion CAD (about 6.18 billion USD) strategic industry support package on Wednesday, designed to shield workers and businesses from ongoing US tariffs and drive long-term economic growth.
The joint federal-provincial action plan focuses on safeguarding Ontario’s steel, automotive, and critical mineral sectors.
Key pillars of the investment include establishing a joint steel action fund, transforming the automotive sector by upgrading production lines to build future connected and electric vehicles, and securing the critical mineral supply chain in the province’s north through new road infrastructure and streamlined approval processes.