Global Trade Alert
Global Trade Alert

Canada: Government announces financing for metal industries and SMEs in response to US tariffs

Announcement

04 May 2026

In May 2026, the Government of Canada announced CAD 1.5 billion in funding to support tariffed industries, including a new BDC financing program and a top-up for the Regional Tariff Response Initiative.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 May 2026

Revocation date:

04 Sep 2028

Updated: 06 May 2026
State aid, unspecified In force

Recent update from 06 May 2026:

On 4 May 2026, the government of Canada announced an additional CAD 500 million (approximately USD 367.51 million) in funding for the Regional Tariff Response Initiative (RTRI). The funding is deli...

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Implementation date

04 May 2026

Revocation date:

No revocation date

Updated: 06 May 2026
State loan In force

Recent update from 06 May 2026:

On 4 May 2026, the government of Canada announced the creation of a new CAD 1 billion (approximately USD 735 million) financing program through the Business Development Bank of Canada (BDC). The me...

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