Trade and Tariffs

To help Canadian businesses navigate the challenges posed by new trade tariffs, the Government of Canada has announced $6.5 billion in support to organizations. This includes advisory services and other supports to help mitigate the impact of tariffs.

From the Government’s News Release, March 7, 2025:

To support our businesses and ensure they have the liquidity they need through this turbulent time, we will be:

• Launching the Trade Impact Program through Export Development Canada. The program will deploy $5 billion over two years, starting this year, to help exporters reach new markets for Canadian products and help companies navigate the economic challenges imposed by the tariffs, including losses from non-payment, currency fluctuations, lack of access to cash flows, and barriers to expansion.
• Making $500 million in favourably priced loans available through the Business Development Bank of Canada to support impacted businesses in sectors directly targeted by tariffs, as well as companies in their supply chains. Businesses will also benefit from advisory services in areas such as financial management and market diversification.
• Providing $1 billion in new financing through Farm Credit Canada to reduce financial barriers for the Canadian agriculture and food industry. This lending offer will help address cash flow challenges so that businesses can adjust to a new operating environment and continue to supply the high-quality agricultural and food products that Canadians rely on

Additional Resources Recommended by Pacifican

• Global Affairs Canada’s Trade Commissioner Service (TCS) CanExport SME program
• Export Navigator
• Trade Accelerator Program (TAP)

If you would like to know more about Canada’s response to the tariffs you can visit this site: Canada’s response to U.S. tariffs – Canada.ca