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2 clusters · 4 sources · 5 days · First seen · Last updated

Canada business support for U.S. tariff impacts

Overview

The Canadian federal government has implemented the Regional Tariff Response Initiative (RTRI) to assist domestic businesses facing economic uncertainty and trade pressures caused by U.S. tariffs. The initiative is part of a larger $7.5 billion package, including $25 billion in total countermeasures, intended to defend domestic industries and jobs.

Under the program, eligible businesses can access up to $2 million in non-repayable liquidity support and up to $1 million for business pivot or transformation projects. The funding is administered through regional development agencies, such as Pacific Economic Development Canada (PacifiCan), to help companies strengthen supply chains and diversify into new markets.

Local organizations, including the Cloverdale District Chamber of Commerce, are actively promoting these programs to businesses affected by tariffs on a wide range of goods, including steel and clothing. While some businesses are seeking new markets, others are maintaining a cautious approach due to ongoing trade uncertainty.

Entities

Government of Canada · Cloverdale District Chamber of Commerce · Federal Economic Development Agency for Southern Ontario · Scott Wheatley · Evan Solomon

Timeline

  1. 5 days ago

    [BUSINESS] 2 sources
    Cloverdale Chamber promotes federal programs to assist businesses with tariffs

    The Cloverdale District Chamber of Commerce is promoting the federal Regional Tariff Response Initiative to help local businesses manage tariff-related costs through liquidity and transformation funding.

  2. 9 days ago

    [BUSINESS] 2 sources
    Canada expands Regional Tariff Response Initiative funding

    Canada is expanding its Regional Tariff Response Initiative with $1.5 billion in new funding to provide liquidity and pivot support to businesses facing trade and tariff pressures.

Sources

peacearchnews.com · surreynowleader.com · sydenhamcurrent.ca · techcouver.com