‘Economic Chemotherapy’: Business Groups Wary of Counter-Tariffs, Federal Aid Package
Despite Ottawa unveiling an aid package for Canadian businesses affected by the trade war with the United States, industry leaders say the measures do not go far enough to help them stay afloat, especially in the wake of Canada’s new counter-tariffs. The federal government announced a $7.5-billion package on Tuesday, including new loan programs for […]
TL;DR
- Canadian businesses believe the federal aid package is inadequate.
- Ottawa announced a $7.5-billion aid package including loans and EI flexibility.
- New Canadian counter-tariffs will take effect September 8.
- Counter-tariffs include increased rates on steel and aluminum, and new tariffs on clothing, appliances, and other goods.