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Daily Digest for
March 22, 2025
Government discusses trade measures to protect Canadian steel industry
The Government of Canada announced a 30-day public consultation regarding potential trade measures to prevent the diversion of steel products from third countries into Canada due to U.S. tariffs. Canadian steelworkers face risks from increased imports prompted by a 25% tariff imposed by the U.S. on steel products from all countries. The government has already imposed reciprocal tariffs worth $29.8 billion on U.S. steel and aluminum imports and additional tariffs on imports from China, aimed at protecting local industries from unfair competition.
Canada to Remove Consumer Carbon Price by 2025
The Government of Canada has announced the removal of the federal fuel charge, effective April 1, 2025. This decision will cease requirements for provinces and territories to maintain a consumer-facing carbon price. Although the consumer carbon price is being removed, Canada will continue to enforce carbon pricing systems for larger industrial emitters to meet its greenhouse gas emissions reduction targets. The Canada Carbon Rebate will provide eligible Canadians with a final rebate payment, with families of four receiving up to $456 depending on the province.
Federal government invests in greener public transit projects across Quebec
The federal government of Canada has announced an investment of over $400 million from the Zero Emission Transit Fund to support 11 public transit projects across Quebec. Key projects include the conversion of the St-Omer Garage to electric propulsion in Lévis, which is funded with $7,625,369, and the electrification of various transportation centres in Montreal, receiving significant funding of approximately $284 million. The wide range of projects aims to enhance the sustainability of public transit in Quebec through electrification and infrastructure improvements.