Canadian Prime Minister Mark Carney announced a relief package to help businesses affected by U.S. and Chinese tariffs, including measures benefiting aluminum and other industrial sectors. The plan includes a C$5 billion fund to help firms adapt, diversify and expand; increased Business Development Bank of Canada lending to small and medium-sized companies; and an expanded loan facility for large enterprises impacted by trade measures. The government will also provide C$370 million in support to biofuel producers such as canola processors and will amend clean-fuel regulations to assist the sector. As part of the package, Ottawa will waive 2026 model year vehicles from Canada’s zero-emission sales standard and review the broader mandate. Carney also promoted a “Buy Canadian” program as authorities aim to cushion the impact of cross-border trade frictions on domestic industries. The announcement comes amid elevated U.S. tariffs and Chinese duties on Canadian goods including canola, pork and seafood. The support measures are intended to mitigate near-term pressures on affected supply chains while longer-term trade negotiations continue.