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A Plan to Protect Ontario
Source: Ontario - Ministry of Finance
Date: 2026-10-29 18:10:00.0
Tags: [Ontario, Economy, Taxation, Finance, Trade, Industry]Ontario Minister of Finance Peter Bethlenfalvy released the 2026 Ontario Economic and Fiscal Review: A Plan to Protect Ontario, projecting a deficit of $16.9 billion in 2026-27 and a return to a balanced budget in 2029-30. The fiscal plan features an $8 billion Ontario Competitiveness Tax Cut tied to the federal Productivity Mega Deduction, an $8.7 billion Canada-Ontario action plan targeting the steel, automotive, and critical minerals sectors, and nearly $30 billion in cumulative tariff relief and business supports implemented since April 2025. Additionally, the government committed to streamlining 35 to 50 percent of the province's 375 business-facing permits by the end of 2028 and restoring capital expenditures as eligible under the Ontario Research and Development Tax Credit and Ontario Innovation Tax Credit to provide over $50 million in tax support over three years.
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Province Announces $8 Billion Ontario Competitiveness Tax Cut to Support Investment and Create 30,000 Jobs
Source: Ontario - Ministry of Finance
Date: 2026-10-28 14:08:00.0
Tags: [Ontario, Taxation, Economy, Finance, Trade, Industry]The Ontario Ministry of Finance announced the $8 billion Ontario Competitiveness Tax Cut as part of its multi-year Tax Action Plan to counter U.S. tariffs and lower business investment costs. Administered as the provincial counterpart to the federal Productivity Mega Deduction, the policy allows eligible businesses to immediately write off 100 per cent of capital investments in assets such as fibre-optic cables, software, aircraft, machinery, and patents. The measure is projected to drive at least $11 billion in new capital investment, add $6 billion to the provincial GDP, and support the creation of 30,000 new jobs over five years. Combined with prior initiatives from Budget 2026, total business tax relief will exceed $12 billion over five years, reducing Ontario's Marginal Effective Tax Rate to 3.6 per cent.
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Carney government has no launch date planned for proposed sovereign wealth fund
Source: CBC Politics
Date: 2026-10-21 08:00:00.0
Tags: [National, Economy, Finance, Infrastructure, Industry, Governance]Nearly six months after Prime Minister Mark Carney announced plans to create the Canada Strong Fund—a proposed national sovereign wealth fund backed by $25 billion in seed funding over three years—the federal government has yet to establish a launch date or finalize its operational details. Administered as an arm's-length Crown corporation, the fund is intended to invest domestically in energy, infrastructure, agriculture, and technology alongside private investors, while introducing a retail investment product for ordinary Canadians. Finance Minister François-Philippe Champagne's office indicated that a significant update, including leadership announcements and mandate reviews to prevent overlap with existing entities like the Canada Growth Fund and Canada Infrastructure Bank, will be provided in the upcoming fall budget.
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Ontario Celebrates Small Business Week
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-10-19 14:00:00.0
Tags: [Ontario, Economy, Taxation, Finance, Industry, Labour]In recognition of Small Business Week, Associate Minister Nina Tangri highlighted that Ontario's over 500,000 small businesses employ nearly 2.5 million people. The 2026 Ontario Budget cut the small business corporate income tax rate from 3.2 per cent to 2.2 per cent, providing $1.1 billion in relief and up to $5,000 in annual savings to over 375,000 small businesses. Additionally, the government is investing a record $49 million over the next three years in the Ontario Small Business Advisory Centres (OSBACs) network across more than 50 locations, alongside ongoing investments in Futurpreneur and Summer Company.
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Market diversification added to focus of renewed Atlantic Fisheries Fund
Source: Prince Edward Island - Regional News
Date: 2026-10-15 20:43:09.0
Tags: [National, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Trade, Fisheries, Industry, Finance]The federal government and the Atlantic provincial governments are replenishing the Atlantic Fisheries Fund with more than $300 million over the next five years, funded 60 per cent federally and 40 per cent provincially, in response to ongoing trade disputes and tariffs with the U.S. Federal Fisheries Minister Joanne Thompson announced that market diversification has been added as a new funding pillar alongside innovation, infrastructure, and science partnerships to assist harvesters and processors such as Cooke Inc., the P.E.I. Fishermen’s Association, Scotia Harvest, and Icewater Seafoods in entering new international markets. Over the past nine years, the fund has previously distributed $370 million to more than 1,300 projects across Atlantic Canada.
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Atlantic Canadian businesses can now apply for nearly $40M in AI funding
Source: Prince Edward Island - Regional News
Date: 2026-10-14 18:00:00.0
Tags: [Prince Edward Island, Nova Scotia, New Brunswick, Newfoundland and Labrador, National, Technology, Economy, Industry, Finance]The Atlantic Canada Opportunities Agency has launched a federal funding program offering nearly $40 million for small and medium-sized businesses pursuing large-scale artificial intelligence projects costing at least $1 million. The funding supports two primary tracks: adopting AI into internal business operations, such as proposal development tools utilized by Cabco Technologies, or developing new AI solutions to bring to market. Applications for the program remain open until November 20. The initiative aims to address a regional adoption gap highlighted by the Atlantic Economic Panel, which reported that approximately 15 per cent of Atlantic Canadian businesses with 10 or more employees use AI, compared to 20 per cent nationally.
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Ontario Protecting Workers by Investing in the Jobs of the Future
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-09-25 15:00:00.0
Tags: [Ontario, Economy, Technology, Industry, Labour, Finance]The Government of Ontario is investing $30 million in the Vector Institute through the revamped Critical Technologies Initiative (CTI) program to advance artificial intelligence (AI) adoption across provincial industries and support the STEM workforce. The CTI program, which received an additional $107 million in Budget 2026, has committed a total of $214 million since 2023 to help retain and create over 65,000 jobs and train more than 14,000 highly skilled workers. The Vector Institute, based in Toronto, currently supports over 1,400 researchers, 41 CIFAR AI Chairs, and 119 post-doctoral fellows, aiming to bridge the gap between academic discovery and enterprise deployment.
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Ontario Investing $49 Million to Strengthen Supports for Small Business
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-09-24 14:00:00.0
Tags: [Ontario, Economy, Taxation, Industry, Finance]The Ontario government is investing a record $49 million over three years into the Ontario Small Business Advisory Centres (OSBAC) network—formerly known as Small Business Enterprise Centres—to provide business support services across more than 50 locations. Backed by Associate Minister of Small Business Nina Tangri, the funding aims to help entrepreneurs navigate economic uncertainty and U.S. tariffs by streamlining access to one-on-one consultations, advisory services, and provincial programs like Summer Company, Starter Company Plus, and Succession Ontario. This initiative is part of a broader economic plan that also includes cutting the small business corporate income tax rate from 3.2 percent to 2.2 percent, saving over 375,000 small businesses up to $5,000 annually and providing $1.1 billion in total tax relief over three years.
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Wholesale Trade Stands Strong in Saskatchewan
Source: Saskatchewan - Government News
Date: 2026-09-15 23:00:00.0
Tags: [Saskatchewan, Economy, Trade, Industry, Finance]According to Statistics Canada figures reported by the Government of Saskatchewan, the province's wholesale trade increased by 17.9 per cent in July 2026 compared to July 2025, reaching a total value of $5.3 billion (excluding petroleum, hydrocarbons, oilseeds, and grain) and ranking second among Canadian provinces. Additionally, Saskatchewan's 2025 real GDP reached an all-time high of $85.4 billion, representing a 2.2 per cent increase that exceeded the national average of 1.7 per cent. Private capital investment in the province rose by 12 per cent last year to reach $13.6 billion, ranking first nationally, driven by the province's Securing the Next Decade of Growth: Saskatchewan's Investment Attraction Strategy.
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Carney government introduces mega-deduction tax measure to spur more investment
Source: CBC Politics
Date: 2026-09-15 19:41:51.0
Tags: [National, Taxation, Economy, Finance, Industry, Trade]Prime Minister Mark Carney's federal government announced the productivity mega-deduction tax measure at the Canada Investment Summit, expanding on last year's productivity super-deduction to cover two-thirds of assets. The program allows companies to expense the total cost of new investments across sectors including machinery, equipment, clean energy, and zero-emission vehicles immediately rather than over a project's lifetime. The policy change is projected to cost $36 billion over five years and is estimated to slash Canada's marginal effective tax rate from 13 per cent down to 6.4 per cent, making it the lowest in the G7 to improve tax competitiveness and retain investment during trade tensions.
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'Cool to be Canadian': Leaders optimistic their pitch to invest here will pay off
Source: CBC Politics
Date: 2026-09-14 19:59:47.0
Tags: [National, Ontario, Economy, Taxation, Finance, Trade, Industry, Mining]Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract foreign capital and secure $1 trillion in investments amidst trade friction with the United States. Minister of Finance François-Philippe Champagne announced that the Canadian Revenue Agency will prioritize advanced income tax rulings for investments exceeding $1 billion to reduce regulatory risk. The government's 66-page pitchbook featured more than 160 major projects, including Canada Nickel Company's Crawford nickel project, which is seeking $2 billion in funding.
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New Brunswick aiming to attract $30 billion in investment at Toronto summit
Source: New Brunswick - Regional News
Date: 2026-09-14 18:07:55.0
Tags: [New Brunswick, Economy, Finance, Industry, Energy, Mining]New Brunswick Premier Susan Holt and provincial officials are attending the Canada Investment Summit in Toronto to pitch eight capital investment projects totaling more than $30 billion. The initiatives include a new nuclear development, a proposed data centre, and the Sisson Mine project, focusing on critical minerals, advanced materials, energy, digital infrastructure, and transportation. University of New Brunswick political science department chair Herb Emery noted that while the summit could yield contracts and commitments, the long-term projects will generate GDP too far in the future to immediately address the province's current budget deficits.
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Ontario Expanding Eligibility for Tariff Support Programs
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-09-10 13:30:00.0
Tags: [Ontario, Trade, Economy, Finance, Industry, Labour]In response to United States tariff actions set for September 15 and September 29, 2026, the Ontario government announced the expansion of eligibility for the $1 billion Protect Ontario Financing Program (POFP) and the $150 million Ontario Together Trade Fund (OTTF). Administered by the Ministry of Economic Development, Job Creation and Trade alongside the Ministry of Finance, the expanded programs provide loans and grants for payroll, lease payments, utilities, and supply chain reshoring to shield tariff-impacted businesses and workers. Furthermore, the provincial government highlighted broader economic strategies, including the $236 billion infrastructure plan, development of the Ring of Fire road network (such as the Marten Falls Community Access Road, Webequie Supply Road, and Anaconda and Painter Lake Roads), and nuclear energy expansions encompassing the Darlington, Pickering, and Bruce Nuclear Generating Stations, the Wesleyville site in Port Hope, and the G7's first small modular reactor.
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Ontario Expanding Eligibility for Tariff Support Programs
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-09-10 13:30:00.0
Tags: [Ontario, Trade, Economy, Finance, Industry]In response to United States trade actions targeting Canadian exports, the Government of Ontario is expanding eligibility under the Protect Ontario Financing Program (POFP) and the Ontario Together Trade Fund (OTTF) to protect workers and businesses in tariff-impacted sectors. The expansion covers specific exports facing additional 50 per cent tariffs starting September 15, 2026—including certain steel, aluminum, and metal products, mattresses, furniture, paper products, motorboats, golf carts, dairy and specialty cheese products, and leather goods—as well as import bans taking effect September 29, 2026, targeting alcoholic beverages, specific whey products, and motorcycles with engine capacities exceeding 800cc.
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Trump trade rep says U.S. may impose more tariffs today, as Ottawa's counter-tariffs take effect
Source: CBC Politics
Date: 2026-09-08 11:27:19.0
Tags: [National, Trade, Economy, Industry, Finance]Canada implemented dollar-for-dollar counter-tariffs ranging from 15 to 50 percent targeting $27.6 billion worth of American imports, while the United States considers further retaliatory tariffs. U.S. Trade Representative Jamieson Greer signaled potential U.S. actions, and U.S. President Donald Trump criticized Montreal-based Bombardier over manufacturing locations. Prime Minister Mark Carney defended the pivot away from the U.S. as costly but necessary, alongside federal support packages including a $7.5 billion worker and business assistance initiative and the $2 billion Canada Strong Diversification Fund.
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No talks scheduled as Canada's counter-tariffs against U.S. set to take effect at 12:01 a.m.
Source: CBC Politics
Date: 2026-09-07 15:23:27.0
Tags: [National, Trade, Economy, Industry, Finance]Canada is implementing counter-tariffs ranging from 15 to 50 percent on $27.6 billion worth of American goods targeting over 700 U.S. products, including steel, dairy, and wood products, with no last-minute talks scheduled between Prime Minister Mark Carney and U.S. President Donald Trump ahead of the 12:01 a.m. deadline. The retaliatory measures follow the collapse of trade talks and U.S. President Donald Trump's imposition of 50 percent tariffs on Canadian goods. To help workers and businesses weather the trade escalation, the federal government is rolling out a $7.5 billion support package in addition to nearly $25 billion in tariff aid implemented over the past 18 months.
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Is P.E.I. doing enough to help businesses weather the U.S. tariff storm?
Source: Prince Edward Island - Regional News
Date: 2026-08-28 22:00:00.0
Tags: [Prince Edward Island, Trade, Economy, Industry, Finance]The Government of Prince Edward Island rolled out a $12.5 million support package to assist local businesses impacted by U.S. tariffs. Bianca McGregor, CEO of the Greater Charlottetown Area Chamber of Commerce, discussed the evolving Canada-U.S. trade war and the challenges businesses face due to economic uncertainty surrounding 50% United States tariffs.
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P.E.I. rolls out $12.5M in support for businesses hit by U.S. tariffs
Source: Prince Edward Island - Regional News
Date: 2026-08-28 16:19:32.0
Tags: [Prince Edward Island, Trade, Economy, Finance, Industry, Agriculture]The Prince Edward Island government is rolling out a $12.5 million financial support package to assist businesses impacted by newly imposed 50 percent U.S. tariffs affecting roughly $10 million in provincial exports like agriculture products, dairy, and refrigeration equipment. Administered by Finance P.E.I., the initiative reopens the Tariff Working Capital Assistance Program with $10 million in loans featuring a maximum of $500,000 per borrower, an extended seven-year repayment term, and a doubled two-year interest-only period. Additionally, the province launched the $2.5 million P.E.I. Tariff Impact Relief Fund, providing non-repayable grants of up to $50,000 for capital expenses, supply chain diversification, and market intelligence. This provincial relief complements the Atlantic Canada Opportunities Agency's Regional Tariff Response Initiative and a $3.1-million Canada-P.E.I. workforce tariff response administered through Skills P.E.I. to fund worker retraining and employment services.
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Canada adds more U.S. goods to list of planned counter-tariffs
Source: Global News Politics
Date: 2026-08-28 15:35:30.0
Tags: [National, Trade, Economy, Finance, Industry]Finance Canada announced adjustments to its planned counter-tariffs targeting U.S. goods, following feedback from Canadian industry stakeholders. The retaliatory measures, matching U.S. tariffs dollar for dollar and rate for rate up to 50 per cent, now encompass over 700 American goods valued at $27.6 billion, with the countermeasures set to take effect on Tuesday, September 8, 2026. Specific additions subject to the 50 per cent tariff rate include wood charcoal, American copper wire, printed materials, articles of plaster, and various glass containers such as carboys, bottles, jars, and preserving jars. Meanwhile, American seafood and fish products were removed from the initial tariff list following consultations deemed to be in Canada's best interests.
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