The federal government is pumping $100 million into Canada’s steel industry with a new program that will pay for half the costs of transporting Canadian-made steel by ship or by rail within the country.
Transport Minister Steven MacKinnon made the announcement Monday in Hamilton, where he said the Commodities Sectoral Support Program is a direct response to U.S. tariffs being slapped on Canadian goods.
The U.S. currently has imposed anywhere from 10 to 50 per cent tariffs on Canadian steel, aluminum and copper, and derivative products.
