Canada unveils C$1 billion dollar loan program to tariff-impacted industries

ReutersMay 4, 2026 2:00 PM

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OTTAWA, May 4 (Reuters) - The government of Canada announced on Monday a C$1 billion ($734.65 million) loan program which will be extended to industries impacted by U.S. tariffs.

"The program will be available to industries that manufacture and export products containing steel, aluminum or copper," a government statement said, adding the loan will be disbursed through Development Bank of Canada.

Additionally, the government also announced C$500 million funding to regional development agencies to support all sectors impacted by tariffs.

($1 = 1.3612 Canadian dollars)

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