{"id":78674,"date":"2025-11-26T17:38:03","date_gmt":"2025-11-26T22:38:03","guid":{"rendered":"https:\/\/wawa-news.com\/?p=78674"},"modified":"2025-11-26T17:38:03","modified_gmt":"2025-11-26T22:38:03","slug":"pm-carney-announces-new-measures-to-protect-transform-canadas-steel-and-lumber-industries","status":"publish","type":"post","link":"https:\/\/wawa-news.com\/index.php\/2025\/11\/26\/pm-carney-announces-new-measures-to-protect-transform-canadas-steel-and-lumber-industries\/","title":{"rendered":"PM Carney announces new measures to protect & transform Canada\u2019s steel and lumber industries"},"content":{"rendered":"

November 26, 2025
\nOttawa, Ontario<\/p>\n

\"\"<\/a>The world is changing rapidly. The United States, the world\u2019s largest economy, is fundamentally reshaping all its trade relationships, causing major disruption and upheaval for Canadians. It is time to transform our economy from one that is reliant on a single trade partner to one that is stronger, more self-sufficient, and resilient to global shocks. That means working with urgency and determination to transform our strategic industries so they can adapt, compete, and win in this new global environment.<\/p>\n

Canada\u2019s new government has moved quickly to protect and strengthen the sectors most affected by U.S. tariffs \u2013\u00a0introducing new measures to help workers gain new skills, support businesses as they modernise and diversify, and boost domestic demand for Canadian goods. As we build the economy of the future, we\u2019re ensuring workers and industries are ready to seize its opportunities.<\/p>\n

Building on previously announced measures to help transform the Canadian\u00a0steel<\/a> and\u00a0softwood lumber industries, the following new initiatives were announced today.<\/p>\n

Canada\u2019s new government will:<\/p>\n

    \n
  1. Further limit foreign steel imports to ensure that Canadian steel producers have better access to the domestic market<\/strong>\n
      \n
    • Canada will tighten the tariff rate quota levels for steel products from non-free trade agreement (FTA) partners from 50% to 20% of 2024 levels.<\/li>\n
    • For non-CUSMA partners with which we have an FTA, Canada will reduce tariff rate quota levels for steel products from 100% to 75% of 2024 levels.<\/li>\n
    • Canada will impose a global 25% tariff on targeted imported steel-derivative products such as wind towers, prefabricated buildings, fasteners, and wires.<\/li>\n
    • Canada will also toughen our border measures to combat foreign steel dumping and verify compliance with applicable surtaxes. To do so, we will equip the Canada Border Services Agency with a dedicated steel compliance team, enhanced detection of false declarations, and expanded an online reporting tool.<\/li>\n
    • To move away from relying on imported steel and to give Canadian companies time to adjust their supply chains to use Canadian steel, the temporary remission of Canadian tariffs on imports will end on January 31, 2026, for steel used in Canada for manufacturing, food and beverage packaging, and agricultural production.<\/li>\n
    • These measures will boost the competitiveness of Canadian steel producers by protecting them against trade diversion. They will also unlock over $1 billion in new domestic demand for Canadian steel.<\/li>\n<\/ul>\n<\/li>\n
    • Make it easier to build with Canadian steel and Canadian lumber<\/strong>\n
        \n
      • To make it more affordable to transport Canadian steel and lumber across the country, Canada will work with railway companies to cut freight rates for transporting Canadian steel and lumber interprovincially by 50%, beginning in Spring 2026.<\/li>\n
      • To maximise the use of Canadian softwood lumber in housing, Build Canada Homes will prioritise shovel-ready, multi-year projects that can begin within 12 months and that use Canadian wood products.<\/li>\n
      • With a funding allocation of roughly $700 million next year, Build Canada Homes \u2013 our new federal homebuilding agency \u2013 alone will create $70 to $140 million of new demand for Canadian wood products \u2013 and attract private and provincial capital to multiply its impact.<\/li>\n
      • Finally, Canada\u2019s new government will implement our\u00a0Buy Canadian Policy\u00a0later this year, which requires that all contracts worth over $25 million prioritise Canadian materials \u2013 including steel and lumber. This will also apply across federal grants and contributions programs.<\/li>\n<\/ul>\n<\/li>\n
      • Increase protections for Canadian steel and lumber workers and businesses so they can adapt and thrive in this new global landscape<\/strong>\n
          \n
        • Canada will\u00a0earmark more than $100 million over two years, starting in 2025-2026, in program costs to provide support to eligible employers in all sectors with an active Work-Sharing agreement and who commit to supporting training for employees working reduced hours. This measure will increase the income replacement for eligible workers, helping up to 26,000<\/strong> Canadian workers\u00a0<\/strong>in various sectors, including steel and lumber.<\/li>\n
        • To ensure companies have the financing and credit support they need to maintain and restructure their operations during this period of transformation, Canada will provide an additional $500 million to the\u00a0Business Development Bank of Canada (BDC) Softwood Lumber Guarantee Program.<\/li>\n
        • To support\u00a0softwood lumber firms facing liquidity pressures,\u00a0Canada will\u00a0earmark $500 million in funding under the Large Enterprise Tariff Loan facility.<\/li>\n
        • To make it easier for the forestry sector to access federal support, we will establish a single window to applications \u2013 a one-stop shop to help companies navigate our suite of support programs.<\/li>\n
        • To examine and report on how the forest industry can\u00a0maintain its competitiveness over the long-term, Canada will\u00a0launch a Canadian Forest Sector Transformation Task Force. This Task Force will seek input and recommendations from provinces, territories, and industry on managing the sector\u2019s transformation.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n

          At this critical moment in Canada\u2019s history, we are moving from reliance to resilience. Using Canadian steel and Canadian lumber, we will build Canada strong.<\/p>\n","protected":false},"excerpt":{"rendered":"

          November 26, 2025 Ottawa, Ontario The world is changing rapidly. The United States, the world\u2019s largest economy, is fundamentally reshaping all its trade relationships, causing major disruption and upheaval for Canadians. It is time to transform our economy from one that is reliant on a single trade partner to one that is stronger, more self-sufficient, …<\/p>\n","protected":false},"author":61,"featured_media":69448,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-78674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-federal"],"publishpress_future_action":{"enabled":false,"date":"2026-04-29 04:36:00","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/78674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=78674"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/78674\/revisions"}],"predecessor-version":[{"id":78675,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/78674\/revisions\/78675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media\/69448"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=78674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=78674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=78674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}