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

Missing Chilliwack man last seen on Island 22

Paul James Braumberger, 66, hasn’t been heard from since Jan. 11

No charges in fatal police Taser incident in Chilliwack

RCMP watchdog concludes no evidence of excessive or disproportionate force was used by officers

End ‘exploitative’ parking fees at Lower Mainland hospitals, group says

HospitalPayParking.ca is criticizing a new contract between health authorities and Impark

B.C.’s best craft distilleries back in Chilliwack for Fraser Valley Distillery Festival

Small-batch spirits, appetizers, live music, candy and more come together for FV Distillery Festival

Another vacant house goes up in flames in Chilliwack

An ongoing problem with landlords not securing properties from squatters

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

Guide no longer lists milk and dairy products as a distinct food group

Abbotsford woman speaks out after she fainted and bystanders ignored her

Meghan Canavan says bystanders walked by with no offer of help after she fainted recently

Cannabis-carrying border crossers could be hit with fines under coming system

Penalties are slated to be in place some time next year

Man accused of threatening to kill ‘as many girls as I see’

Christopher W. Cleary wrote he was angry because he’d never had a girlfriend and wanted to ‘make it right’ with a mass shooting

Canadian talent abound on newly revamped Vancouver Whitecaps squad

Lineup is full of new faces after the organization parted ways with 18 players over the off-season

Fraser Valley Bandits reveal mascot name

Berry the Bandit officially unveiled, makes first public appearance tomorrow

B.C. Green leader calls for long-term legislature financial audit

Andrew Weaver says trust in clerk and sergeant at arms is gone

Mennonite Central Committee hosts fundraising banquet in Chilliwack

An evening of dining, sharing in community and storytelling at Sardis Community Church

Here’s what the B.C. legislature officers are accused of buying with taxpayers’ money

Personal trips, purchases, alcohol and more laid out in 76-page report by Plecas

Most Read