• Ottawa commits millions to shield Nova Scotia companies from U.S. tariff pain

  Source: Nova Scotia - Halifax & Regional News
  Date: 2026-09-02 17:32:12.0
  Tags: [National, Nova Scotia, Economy, Trade, Industry]

  The federal government is allocating $14.1 million through Ottawa’s $1.5-billion Regional Tariff Response Initiative—part of a broader $7.5-billion federal package—to assist Nova Scotia companies facing U.S. tariffs. Justice Minister and Atlantic Canada Opportunities Agency Minister Sean Fraser announced that the initial package provides grants to 27 businesses and organizations. This includes more than $400,000 awarded to Ace Machining Ltd. to acquire an automated computer numerical control (CNC) milling station designed to improve productivity and competitiveness. These federal funds are deployed to shield domestic firms following U.S. tariffs of 50 per cent imposed on approximately $28 billion worth of Canadian goods, ahead of reciprocal Canadian tariffs on American products.

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• Canadian seafood industry 'relieved' with removal of their products from retaliatory tariff list

  Source: CBC Politics
  Date: 2026-08-27 13:22:04.0
  Tags: [National, Nova Scotia, New Brunswick, Prince Edward Island, Trade, Economy, Fisheries]

  Finance Canada removed fish and seafood products, including lobster and crab, from its retaliatory tariff list just a day after initially imposing counter-measures on $27.6 billion worth of U.S. goods. The initial list would have subjected U.S. seafood imports to a 25 per cent tariff, which industry groups like the Lobster Processors Association and the New Brunswick Crab Processors Association warned would devastate integrated cross-border processing operations. To maintain a dollar-for-dollar and rate-for-rate response, the Ministry of Finance added copper wire, charcoal, plaster sheets, and tiles to the tariff list at a 50 per cent rate, taking effect on September 8.

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