Twitter

Quebec sets aside $900 million for companies hurt by U.S. tariffs

Premier Philippe Couillard says his government will make $863 million available over five years

The Quebec government is setting aside almost $900 million for companies affected by tariffs recently imposed on Canada by the United States.

Premier Philippe Couillard says his government will make $863 million available over five years in direct investments, tax subsidies and training.

RELATED: From ketchup to toilet paper: Canada launching retaliatory tariff broadside

U.S. President Donald Trump has imposed 25 per cent tariffs on imported steel and 10 per cent tariffs on imported aluminum from many countries including Canada, which has retaliated with tariffs of its own.

The provincial money will go towards offering companies liquidity to continue their activities, and to reduce contributions small and medium-sized companies have to make to the province’s heath services fund.

Quebec’s plan also aims to increase investment in the agricultural sector and it sets aside $55 million for labour-related programs.

RELATED: Canada to join Mexico, Japan, South Korea, EU to talk auto tariffs

Couillard says the five-year financial package is expected to spur $3 billion for the Quebec economy over the same period.

“We are living an exceptional experience that demands an exceptional response,” Couillard said.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Surrey man wins $500K, plans to build house, buy toys and ‘nice dinner’

Sukhwinder Sidhu bought winning ticket at store in Newton

Artist, history buff named Surrey Civic Treasures for 2018

Roxanne Charles and Jim Foulkes to be recognized at Oct. 2 event

UPDATE: Police raid Langley home in search for murder suspect Teixeira

Several law enforcement agencies were at a Willoughby home, hunting for a man charged with murder.

Surrey woman’s ‘tell-all’ book aims to help those struggling with domestic violence

Second book details abusive marriage, how people failed her

VIDEO: Story surrounding new playground at Surrey hospital a real ‘tear-jerker’

Dad began planning after his son had surgery in Surrey and he saw too many sad faces

Officials: 3 killed in shooting at Maryland Rite Aid centre

FBI described the Aberdeen incident as an ‘active shooter situation’

The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’

In less than a month, Canada to be first industrialized country to legalize recreational marijuana

Despite protests, Russia’s anti-doping agency reinstated

On a 9-2 vote, the executive committee declared RUSADA as having satisfied conditions

Burnaby pedestrian in hospital after being hit crossing busy street

Driver remained on scene, is speaking to RCMP

5 to start your day

Massive barn fire in Agassiz, messages of hope line Vancouver-area bridge and more

The longest week: Carolinas worn out by Florence

Frustration and sheer exhaustion are building as thousands of people wait to go home seven days after the storm began battering the coast.

Vancouver councillors move ahead with policy for duplexes on detached home lots

Mayor Gregor Robertson says the decision is another step toward adding homes in the city for the so-called “missing middle.”

Most Read