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Maritimes  + Finance  | 
Photo of Halifax waterfront.

Atlantic Canada Businesses Hurt by Tariffs to Receive $80M in Federal Support

Maritimes businesses hit hard by tariffs will receive $80 million in federal support, Prime Minister Mark Carney announced.

The move has widespread commercial real estate implications, particularly in the industrial sector. The funds will come from Ottawa’s new Regional Tariff Response program, which provides $1 billion to small-and-medium-sized companies impacted by U.S. President Donald Trump’s hikes on imports to the U.S. from Canada.

RTRI aims to help the businesses diversify their markets, generate new revenues and adopt new technologies to boost competitive case. In Atlantic Canada’s case. The program is also designed to help SMEs modernize their operations, protect jobs and unlock new growth opportunities domestically and internationally, accorder to a government news release.

In Atlantic Canada, industries slated to receive RTRI funds include the seafood, manufacturing and steel sectors.

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Financing
  • ◦Economy
  • ◦Recruitment
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