Latest News

Canada will soon announce promised assistance for the aluminum and canola sectors

Canada is set to unveil soon a number of measures that were promised in order to assist the steel and aluminium sector with tariffs imposed by the United States. It will also help canola growers, according officials.

Melanie Joly, the Minister of Industry in Canada, told reporters at a press conference in Toronto that the government would soon be providing aid to aluminum producers in order to overcome the uncertainty caused by tariffs.

Joly said Ottawa would also help the steel industry pivot away from U.S. market, but didn't give any details. Separately the Office of Prime Minister Mark Carney announced that the government will soon announce measures to assist canola farmers who are being hit by Chinese tariffs on the oilseed crop.

iPolitics, citing its sources, reported that the government is preparing a series major announcements for Friday. These will focus on economic and industry competitiveness. Carney's Office declined to comment.

The federal minister responsible for bilateral trade earlier Thursday said that Canada still hopes to be relieved of U.S. steel, aluminum and auto tariffs.

Dominic LeBlanc told reporters in Toronto that Canada is seeking common ground on this issue with Washington. Reporting by David Ljunggren, Promit Mukherjee and Rod Nickel.

(source: Reuters)