On Mar. 7, CAN GVT reported on changes taken to combat US tariffs.
CAN GVT issued a press release to defend jobs and to combat unjustified US tariffs.
More measures to be brought forward to support businesses and workers as needed.
Business Support
Launched the Trade Impact Program through Export Development Canada which will deploy $5bn over two years, so exporters can reach new markets for its products.
The program will help residents navigate the challenges associated with US tariffs.
$500mn allocated to Business Development Bank of Canada businesses, supply chains.
$1bn financing through Farm Credit Canada to help the agriculture and food industry.
Also updated Investment Canada Act Guidelines to protect Canadian companies.
EI Work-Sharing Program provides employment insurance (EI) benefits to employees who agree with employer to work reduced hours due to a decrease in business activity.
Export Development Canada (EDC) will be engaging with customers and industry stakeholders to better understand their needs and to determine the best support.
CAN GVT will maintain the $250k interest-free loan limit of the Advanced Payments Program (APP) for 2025-26 program year, to ease cash flow for farmers and products.
