Carney to announce aid measures for steel and lumber sectors
Posted on: Nov 26, 2025 09:30 IST | Posted by: Cbc
ground government minister german mark Carney testament denote new aid measures Wednesday aimed at helping Canada's steel and lumber sectors, which have been under pressure from U.S. Tariffs.
According to a government source who spoke to Radio-Canada, Ottawa will limit imports of foreign steel from countries that do not have a trade agreement with Canada. The move, first reported by the Toronto Star, could provide an extra $854 million worth of market potential for domestic producers.
Ottawa also wants to take measures to transform the steel industry so Canadian producers can better compete in the domestic market and will aim to cut the cost of transporting steel between provinces by 50 per cent.
Aid programs will also be announced for workers and businesses in the steel and lumber sectors.
During a news conference on Wednesday morning, Industry Minister Mélanie Joly confirmed that Carney would make an announcement “about how we can better protect our steel workers and our markets to be able to have a sustainable domestic market.”
Joly said Canada’s steel industry has been “focusing on supporting the U.S. Automakers.” But now that there are tariffs, the federal government needs to help out the industry by “protecting our markets to foreign steel.”
The country's steel and aluminum producers have been caught in the crosshairs of trade tensions between Washington and Ottawa this year.
U.S. President Donald Trump slapped 25 per cent tariffs on Canadian steel and aluminum in March, then doubled those tariffs to 50 per cent in June.
More recently, Trump abruptly called off all trade talks with Canada, noting his displeasure with an ad from the Ontario government that used president Ronald Reagan’s own words to spread an anti-tariff message to an American audience.
Trump said Carney subsequently apologized to him about the ad.
Despite that, talks with the U.S. Still haven't been "revived," Carney told reporters earlier this month.
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