Canada Fires Back with Tariff Match | Calgary News

Canada’s retaliatory tariffs are officially set to hit U.S. imports starting September 8, matching dollar-for-dollar the new U.S. levies on Canadian goods — a sharp escalation that targets Canadian steel and aluminum with tariffs jumping from 25% to 50%. In response, Finance Minister François-Philippe Champagne vows to “meet the moment,” backing workers and businesses with a $7.5 billion emergency package. The plan includes interest-free loans, industry diversification support, and expanded employment insurance — all aimed at shielding Canadian industries from U.S. trade pressure. While Industry Minister Mélanie Joly urges Canadians to buy local and stresses Canada’s focus on domestic strength, economists warn the tariffs could slow growth and raise inflation. Though the government still seeks a diplomatic resolution with the U.S., it’s taking bold steps to protect its economy — turning a trade dispute into a test of resilience and strategy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f2373940ee382faa