Overview

• Ottawa paired the pause with a new industrial strategy that Carney says is designed to shield workers and manufacturers from trade shocks.
• $5 billion will go into a strategic response fund to help tariff‑affected sectors adapt, invest and train their workforces.
• Worker measures include more flexible Employment Insurance and training programs targeting upskilling for up to 50,000 people.
• Support for small and mid‑sized firms expands through larger Business Development Bank loans of up to $5 million and $1 billion in additional backing over three years.
• Procurement rules will prioritize Canadian suppliers under a new Buy Canadian policy, while agriculture support includes $370 million for canola producers and biofuels incentives with regulatory adjustments.