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

Wide variety of art for sale at Art from the Heart show

Student art show runs Nov. 30 and Dec. 1 at the Chilliwack Cultural Centre

Blues group Angel Forrest Trio at Bozzini’s in Chilliwack

Award-winning band from Quebec performs Nov. 28

Laidlaw racer nets first place in B.C. among A-Class mud racers

Cody Leach has poured his energy and his hard-earned dollars into the sport he loves

Sunday Highway 1 search for Shawnee Inyallie yields no results

Searchers came from Hope, Chilliwack and as far away as Port Coquitlam

A look inside Hope’s 20-bed emergency shelter, just over a month since it opened

Manager Sharon Holburn and Gerry Dyble, executive director of HATS, answer questions about the shelter and homelessness in Hope

VIDEO: B.C. legislature clerk, sergeant at arms suspended for criminal investigation

Clerk of the House Craig James, Sergeant-at-arms Gary Lenz on administrative leave

Former NHL player and coach Dan Maloney dies at 68

Maloney coached the Toronto Maple Leafs and Winnipeg Jets

Ex-MSU president charged with lying to police about Nassar

Lou Anna Simon was charged Tuesday with lying to police during an investigation

Police aim to prevent retaliation after Hells Angel found dead under B.C. bridge

IHIT confirms Chad Wilson, 43, was the victim of a ‘targeted’ homicide

Otter makes a snack out of koi fish in Vancouver Chinese garden

Staff say the otter has eaten at least five fish

Police looking into two more incidents at private Toronto all-boys’ school

Police and the school have said two of the prior incidents involved an alleged sexual assault

B.C. lumber mills struggle with shortage of logs, price slump

Signs of recovery after U.S. market swings, industry executive says

25% of Canadians still won’t say they use pot, survey says

Statistics Canada poll says Canadians on average were 18.9 years old when they first tried pot.

Canucks’ 50/50 jackpot expected to surpass $1 million

The guaranteed prize for one lucky winner will be $500,000 minimum when Vancouver hosts LA Nov 27

Most Read