• 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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