MNI BRIEF: Canada Launches Trade War Support Fund
Sep-05 16:16By: Greg Quinn
Canada+ 1
Canadian Prime Minister Mark Carney on Friday launched measures to blunt the impact of the U.S. trade war including a CAD5 billion industrial relief fund and re-training for 50,000 workers, coming ahead of an October budget expected to come in with a deficit well above his election platform of around CAD65 billion.
"We cannot rely on our most important trade relationship as we once did," Carney said. "This is not a transition, it’s a rupture – and the effect will be profound." Canada will also tighten domestic procurement rules on government spending, he said. (See: MNI: Canada Approved CAD95B Geopolitical Contingency Borrowing)
