The Ford government has unveiled the first major pillar of its response to tariffs from U.S. President Donald Trump. The $1 billion confirmed by Ontario ministers on Wednesday – which comes as part of the new “Protecting Ontario Financing Program” – will provide emergency loans and support to impacted businesses in the steel, aluminum, and auto sectors.
- Trump commerce secretary takes ‘aggressive’ stance against Ontario auto industry, sources say
- Ford government confirms $1B emergency loan plan for tariff-hit industries