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CP NewsAlert: Carney, Ford unveil $9B plan to support industries hit by tariff war

  • The Canadian Press

  • Canadian Press

  • October 21, 2026

Prime Minister Mark Carney, right, meets with Ontario Premier Doug Ford in his office in West Block on Parliament Hill in Ottawa, on Wednesday, Oct. 21, 2026. THE CANADIAN PRESS/Justin Tang

OTTAWA -- Prime Minister Mark Carney is announcing a $9-billion joint plan by the federal government and Ontario to help industries hit hard by the trade war with the United States.

It includes a $5-billion fund for the steel industry, $2.5 billion for the automotive sector and $1 billion for the Ring of Fire mining development in northern Ontario.

More coming.