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Global Trade Alert

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Canada (Ontario): Magna International Inc secures over CAD 23 million in grants through Invest Ontario

Description

On 15 February 2023, Invest Ontario allocated around CAD 23 million (USD 17.49 million) in grants to Magna International Inc to support projects related to electric vehicle component production. The s...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

15 Feb 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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