Canada investing to strengthen auto and steel industries and increase resilience to global shocks

Mark Carney, Canadian Prime Minister, and Doug Ford, Premier of Ontario, have committed to investing CAD 8.7 billion (USD 6.2 billion) into Ontario’s automotive and steel industries, as well as its critical mineral supply chain. The investment comes accompanied by various policies across the three sectors that aim at supporting their economic growth amid Canada’s weakened trade relationship with the US.