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Carney unveils billions in funding, Buy Canada policy to combat Trump's tariffs

New measures are 1st signs of industrial strategy government says will transform economy

Prime Minister Mark Carney rolled out a series of measures on Friday that he says will transform Canada's economy into a force that can withstand the trade shocks of the Trump administration. The measures announced in the strategy have been targeted to specifically help workers and businesses that have been most impacted by U.S. President Donald Trump's tariffs and trade disruptions.

"If you look back over our country's history, we have turned challenges into opportunities," Carney said in Mississauga, Ont. "And now, at this moment of profound change, we bear the same responsibilities and we should have the same ambitions as those who came before us." "We know we need to act now. Invest now. Precisely when it's hard," he added. "We are charting an economic strategy to move Canada from reliance to resilience, from uncertainty to prosperity."

A noteworthy part of the plan is to pause the electric vehicle (EV) mandate, a demand by the auto industry. The strategy waives the mandate for the 2026 model year and launches a 60-day review of the policy...

• Helping workers:

_UpdatedCanada delaying plan to force automakers to hit EVs sales targets

Liberal MPs form environmental caucus as some want stronger climate focus from Carney

• A strategic response fund:
• Buy Canada policy:

Amid tariffs and falling sales, is Canada's EV mandate doomed?

Carney doesn't expect immediate tariff relief after 'good conversation' with Trump

• Helping businesses with cash flow:

Helping the agricultural and seafood sectors

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Canola farmers weigh options as Chinese tariffs bite

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CBC News · Posted: Sep 05, 2025 11:14 AM EDT | Last Updated: 33 minutes ago

- CBC -