Ottawa, ON – March 7, 2025 – In response to the unjustified U.S. tariffs imposed earlier this week, the Government of Canada has unveiled a $6.5 billion support package to protect Canadian businesses and workers from economic disruption.
Key measures include:
$5 billion Trade Impact Program through Export Development Canada to help exporters access new markets and manage economic challenges.
$500 million in loans via the Business Development Bank of Canada for businesses affected by tariffs.
$1 billion in financing through Farm Credit Canada to assist the agriculture and food industry.
Stronger Investment Canada Act Guidelines to protect Canadian businesses from harmful foreign takeovers.
Expanded EI Work-Sharing Program to prevent layoffs and support workers with reduced hours.
Finance Minister Dominic LeBlanc and other federal ministers emphasized that more measures will be introduced in the coming months to ensure Canadian businesses remain resilient.