Sisi Chan

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

Prime Minister Mark Carney’s Measures: Prime Minister Mark Carney has introduced measures aimed at stimulating the Canadian domestic steel and lumber market in the wake of U.S. tariffs. His strategic actions encompass stricter quotas on foreign steel entering Canada and lesser freight rates for materials traversing provincial borders by rail.

The Canadian Steel Producers Association Views: Catherine Cobden, the leader of the Canadian Steel Producers Association, extends partial approval and disappointment towards the recent government initiatives. The significant loss of access to the U.S. market is underscored, with calls for more pronounced actions. She exhibits apprehension towards Ottawa’s leniency program for selective steel importers.

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