Canada introduces a $1.5 billion support package for tariff-affected industries, including a $1 billion BDC financing program and $500 million for the Regional Tariff Response Initiative. The funding supports businesses in steel, aluminum, and copper sectors through liquidity support, productivity improvements, and market diversification.
Canada and Mercosur are working toward a free trade agreement that could be signed by year-end after eight years of negotiations. The deal aims to expand market access, with potential tariff reductions of up to 35% across key export sectors, including machinery, chemicals, and forestry. The deal seeks to build stronger trade ties with South America.
As relayed by the Canadian Society of Customs Brokers, CBSA identified Memorandum D10-2-3 for repeal as part of its trade memorandum review. The policy covers raw sugar tariff classification, sampling, and testing. CBSA said the information is no longer valid, has low usage rates, and no longer represents a policy issue.
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