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- 19.02.2026
New Tariff Measures: Canada’s Steel Sector Gives Verdict
Steel sector praises new tariff measures, but says more needs to be done
Initial Paragraph: The Canadian steel industry has expressed mixed feelings towards the new measures undertaken by Prime Minister Mark Carney to bolster the domestic market. Although these measures are seen as beneficial, they fall short of expectations.
Carney’s Announcement: The new measures aim to assist Canadian steel and lumber producers. These include tighter quotas for foreign steel import and plans to slash freight rates.
Catherine Cobden’s Reaction: Catherine Cobden, CEO of the Canadian Steel Producers Association, has voiced her dissatisfaction with the measures, viewing them as insufficient to offset the loss of the U.S. market. However, she acknowledges that these measures are a significant stride in the right economic direction but insists on more interventions.
Ottawa’s Extension and Carney’s Promise: There is growing discontent with Ottawa’s second extension of the tariff remission program, which has reduced retaliatory tariffs on U.S. steel. This fuels expectations for the federal government’s vow to end the remission program by this upcoming January.
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