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ottawa|canada|united-states|critical-minerals|electric-vehicles|steel|ontario|ring-of-fire

Canada, Ontario unveil multi-billion steel and auto support package

22nd October 2026

By: Reuters

  

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OTTAWA - Canada and the province of Ontario on Wednesday unveiled a C$9-billion ($6.4-billion) support package to help the steel and auto sectors deal with US tariffs and also boost critical mineral support chains.

The measures are the latest in a series of government moves to aid sectors the hardest hit by tariffs.

The two levels of government committed to spend more than C$5-billion on a steel action fund to enable mills to upgrade machinery and manufacture more products that Canada needs and expand to meet demand in non-US markets.

C$2.5 billion will help auto makers boost production of electric vehicles.

Ottawa will spend C$1-billion to develop road links to the mineral-rich but remote Ring of Fire region in Ontario.

Edited by Reuters

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