Atlantic businesses will get $80M in tariff relief funding, Carney says

Prime Minister Mark Carney says businesses in Atlantic Canada will be able to access $80 million of the tariff relief fund set up by the Liberal government.

Ottawa has set aside $1 billion for a regional tariff response initiative to help small and medium-sized businesses diversify their markets and adopt new technologies.

Last week, the federal government announced a package of protectionist policies and tariff relief measures for businesses dealing with the effects of U.S. President Donald Trump’s trade war.

18:35 Aluminum sector to get ‘hundreds of millions’ of dollars from tariff relief fund: Joly

Carney says Canada’s relationship with the U.S. is changing and the country can’t rely on its most important trading partner the way it once did.

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The prime minister said the seafood industry will be eligible for the funding.

2:08 Carney unveils ‘Buy Canadian’ multi-billion-dollar package to combat tariffs

China hit Atlantic Canada’s seafood industry with punishing tariffs in retaliation for Canada’s 100 per cent levies on Chinese electric vehicles.