-4.5 C
Ottawa
Sunday, December 21, 2025

Ontario Introduces $1 Billion Loan Program to Support Businesses Impacted by US Tariffs

Date:

Ontario Introduces $1 Billion Loan Program to Support Businesses Impacted by US Tariffs

Ontario Finance Minister Peter Bethlenfalvy in a file photo. The Canadian Press/Andrew Lahodynskyj

Ontario is rolling out a $1 billion loan program to provide emergency funding to businesses that have been hard-hit by U.S. tariffs.

Finance Minister Peter Bethlenfalvy unveiled the $1 billion Protect Ontario Financing Program at a press conference held in Queen’s Park this week, emphasizing that the fund will support struggling industries, including the province’s steel, aluminum, and automotive sectors.

About the author: Jennifer Cowan
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Dramatic Increase in Fintrac Fines Coming, but Their Effectiveness Is Less Clear

B.C. has reached a major milestone in efforts to...

Federal Public Servants to Be Informed of Upcoming Job Cuts in January

The snow-covered Confederation building is seen in Ottawa on...

Tracing the Billions Spent on Net-Zero at All Levels of Government in Canada

Cattle graze on a wind farm in southern Alberta...

French Silverware Keeper, 2 Other Suspects in lyse Palace Theft to Face Trial

A Rebublican Guard stands by the French president's office...