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

RCMP ask for help to locate missing Chilliwack man

Kyle Travis Neil travelling in a red, Ford F250 and he maybe be in need of medical attention

UPDATED: Chilliwack councillor’s expenses being sent to the RCMP

Decision to have expenses audited and shared with RCMP taken at special meeting of council

Risk of thunderstorm this afternoon for Vancouver Island and Lower Mainland

A special weather statement calls for heavy rain and wind over the next 48 hours

Update: Search called off for missing plane between Edmonton and Chilliwack

Search efforts were concentrated along the Highway 5 corridor between Valemount and Kamloops

Two Chilliwack incumbents seek re-election to Cultus Lake Park Board

David Renwick and Darcy Bauer form a mini-slate

Fashion Fridays: Rock some animal print

Kim XO, lets you in on the latest fall fashion trends on Fashion Fridays on the Black Press Media Network

More than 35 B.C. mayors elected without contest

No other candidates for mayor in the upcoming local election in 22 per cent of B.C. cities

5 to start your day

National forecaster issues rainfall warning, three crashes in Metro Vancouver overnight and more

Burnaby RCMP investigating ‘serious’ rollover crash

Shortly after 1 a.m. Friday, police said a truck crashed closing Lougheed Highway

Man dead after being hit by 2 vehicles on Highway 10

Pedestrian in his 50s has died after being hit by two vehicles, one of which stayed: Surrey RCMP

1 person dead after crash on Highway 17 in Delta

Footage from the scene shows a mangled white truck that appears to have slammed into a barrier

Legal society poster seeks complainants against two cops on Downtown Eastside

Pivot Legal Society became aware of allegations made against the officers after a video circulated

Jury to deliberate in case of Calgary man accused of murdering woman

Curtis Healy could be convicted of first-degree murder, second-degree murder or manslaughter

House arrest for man who abused disabled B.C. woman, then blamed her

‘Groomed complainant’ and ‘violated position of trust,’ judge says

Most Read