Ottawa funnels $1.5B more to industries hard-hit by Trump's tariffs
5/4/202654 min
In the face of U.S. President Donald Trump's Section 232 tariffs, the federal government has introduced an additional $1.5B in funding to support steel, aluminum and copper industries. Power & Politics hears from Industry Minister Mélanie Joly. Plus, Prime Minister Mark Carney's talking about a new world order — one that he says will be 'rebuilt out of Europe.' The Power Panel weighs in.
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First 90 secondsSpeaker 00:00
[gentle music] Let's see if Toronto advisors know their group insurance providers. Oh, excuse me. Who has extensive expertise in both traditional group benefits and special risk solutions?
Mélanie Joly· Guest0:10
Um, Beneva.
Speaker 00:12
That's right. Who offers adaptable plans that cater to businesses big or small?
Speaker 20:16
Beneva.
Speaker 00:17
Correct. Who gives you access to the latest health trends and- I know it, Beneva. Looks like people are starting to know Beneva pretty well.
Mélanie Joly· Guest0:25
I knew that, too.
Speaker 00:26
You're stronger with the right partner, Beneva.
Rob Russo· Panelist0:30
[upbeat music] This is a CBC podcast.
David Cochrane· Host0:33
[upbeat music] The federal government puts billions towards helping companies hit hard by tariffs. The prime minister makes a blunt prediction about a new world order. And Canadians will soon know who the next governor general will be. It's Monday, May 4th, I'm David Cochrane. The Power and Politics Podcast starts now. [upbeat music] Ottawa is giving a billion-dollar lifeline to industries most impacted by US President Donald Trump's tariffs. $1.5 billion of federal funding will go towards helping Canada steel and aluminum and copper industries. That includes $1 billion for a loan program through the Business Development Bank of Canada, and an additional $500 million to the Regional Tariff Response Initiative to help small and medium-sized businesses make what the government