Sisi Chan

Steel sector praises new tariff measures, but says more needs to be done

The big picture: Despite new measures introduced by Prime Minister Mark Carney to bolster Canada’s domestic steel market in light of U.S. tariffs, the Canadian Steel Industry Association expresses disappointment, asserting more action is required.

Wednesday’s Announcement: The prime minister pledged tighter quotas on foreign steel and reassurances to reduce freight rates, in a bid to assist the national steel industry.

Catherine Cobden’s Reaction: As the CEO of Canadian Steel Producers Association, Catherine Cobden welcomed the new tariffs as a positive step. However, she underscored they are not sufficient to offset the loss of the U.S. market.

Additional resources: Explore more topics related to Canada. From financial overviews and political probes to national immigration rates, these resources delve deeper into the nation’s affairs:

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