Canadian Prime Minister Carney has unveiled bold new measures to transform Canada’s steel and lumber industries amid rising U.S. tariffs and economic uncertainty. Budget 2025 introduces $1 trillion in investments over the next five years, restricts foreign steel imports, prioritizes Canadian-made materials in infrastructure and housing projects, and provides unprecedented support for workers and businesses. The plan aims to create jobs, boost domestic demand, and strengthen Canada’s economic resilience while opening new trade and investment opportunities worldwide.
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