TORONTO (Reuters) – Ontario will provide around C$11 billion ($7.7 billion) in relief to workers and businesses to help weather tariffs in Canada’s largest province, Premier Doug Ford said in an X post on Monday. The relief comes in the form of deferred taxes for businesses and a rebate for employers to help keep workers […]
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Ontario announces C$11 billion in tariff support
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TORONTO (Reuters) – Ontario will provide around C$11 billion ($7.7 billion) in relief to workers and businesses to help weather tariffs in Canada’s largest province, Premier Doug Ford said in an X post on Monday.
The relief comes in the form of deferred taxes for businesses and a rebate for employers to help keep workers in jobs, a statement from the province said.
Canada was spared the Trump administration’s broad global tariffs on April 2 but faces tariffs on steel and aluminum exports to the U.S. as well as on autos not compliant with the United States-Mexico-Canada Agreement on trade.
The federal government in March unveiled C$6.5 billion of financial aid to help companies tap new international markets, absorb the impact of losses, access easy loans and prevent layoffs. (This story has been refiled to correct syntax in the headline)
(Reporting by Caroline Stauffer)