Canada Hits Back with $7.5B Support | Calgary News

The U.S. slams Canada with $27.6 billion in 50% tariffs after trade talks collapse, prompting Ottawa to retaliate dollar-for-dollar and deploy a $7.5 billion emergency package to shield workers and businesses. Building on $25 billion already spent over 18 months, the plan targets SMEs with $3.5 billion in rapid-response aid—including waived EI waiting periods, extended benefits, and new rules letting voluntary leavers collect unemployment without penalty. Employers get up to $1,000 per worker for training and work-sharing programs, while $2 billion funds business diversification and revamped loans. Medium-sized firms access $1.5 billion with higher grants and interest-free loans, and smaller businesses get working capital support. The government frames this as essential protection for Canadian industries, while opposition demands bolder moves. 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/70f0815208a7463c