Navdeep Bains, Canada's minister of Innovation, Science and Economic Development, estimates that about 300 Canadian businesses will benefit from the federal investment and that 5,000 jobs will be maintained across the country.

Prime Minister Justin Trudeau will meet with workers on March 14 at Regina's Evraz Steel to talk about his fight to counter U.S steel tariffs.

A temporary exemption from U.S. tariffs is little comfort to Hamilton.