Canada and Ontario launch industry support plan as U.S. tariffs pressure steel and auto sectors
Ontario is rolling out a joint federal-provincial action plan aimed at shielding key manufacturing sectors from trade pressure and sustaining long-term industrial investment. The package highlights C$8.7 billion in investments and pairs worker support with measures for steel, automotive and critical minerals supply chains.
Highlights
- Canada and Ontario unveiled a C$8.7 billion action plan including a Joint Steel Action Fund and new trade protections to counter U.S. tariffs on steel and auto sectors.
- The plan supports automotive manufacturers through capital investments for modern machinery, production upgrades, and maintains emissions standards for new light-duty vehicles through 2029.
- The strategy advances road infrastructure and provincial-federal permitting for critical minerals, identifying priority projects and engaging with First Nations to accelerate sector development.
Joint plan targets steel, auto and minerals
As reported by Canada.ca, Parliamentary Secretary Yasir Naqvi highlighted a new Canada-Ontario action plan that combines C$8.7 billion in investments with fresh measures to support workers and businesses affected by U.S. tariffs.The plan includes a new Joint Steel Action Fund, the use of Buy Canadian Policy and Buy Ontario Policy tools, stronger protections against foreign steel dumping and unfair subsidisation, and the creation of a Canada-Ontario Steel Task Force.
For the automotive sector, the two governments are backing capital projects to help manufacturers invest in modern machinery and upgrade production lines. The plan also maintains Canada’s greenhouse gas emissions standards for new light-duty vehicles at 2026 levels through the 2029 model year and sets up a Canada-Ontario Automotive Task Force.
In critical minerals, the strategy advances road infrastructure needed for development, creates a coordinated provincial and federal permitting process to streamline approvals, identifies priority projects that could benefit from federal funding initiatives, and forms a working group to support engagement with First Nations.
Manufacturing competitiveness remains central
Canada and Ontario frame the package as part of a broader effort to protect jobs, attract investment and reinforce the competitiveness of industries that are central to the province’s manufacturing base.The measures also aim to strengthen domestic manufacturing capacity, support export diversification and accelerate major projects at a time of trade uncertainty. For Ontario, the focus on steel, vehicles and critical minerals links traditional industrial strengths with supply chain development tied to Canada’s longer-term economic transformation.
Previously, we outlined the main factors behind Canada wholesale sales rising in September, led by machinery and automotive products.
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