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Canada invests nearly $26M to help 31 GTA businesses withstand tariff pressures
The federal government announced Oct. 2 in Brampton nearly $26 million through FedDev Ontario for 31 Greater Toronto Area businesses and organizations to counter tariff pressures and trade uncertainty.
Why it matters
The Greater Toronto Area is one of Canada's most important economic engines. Against continued U.S. tariff pressure and trade uncertainty, Ottawa is injecting nearly $26 million into 31 businesses and organizations through the Regional Tariff Response Initiative (RTRI), helping them adopt new technologies, expand production, strengthen supply chains and diversify into new markets.
Full report
Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and minister responsible for FedDev Ontario, together with Shafqat Ali, President of the Treasury Board and MP for Brampton—Chinguacousy Park, announced the funding Friday in Brampton. Recipients span manufacturing, food, technology, tourism and other sectors.
One example is Brampton-based Daybar Industries, a maker of commercial and industrial steel doors and frames. The company is undertaking a project worth more than $12 million; FedDev Ontario is contributing $700,000 to help it expand capacity, stay competitive and enter new markets. A full recipient list is available in the official backgrounder.
The announcement continues a series of regional tariff-response investments Ottawa has made in recent months across southern Ontario, Quebec, British Columbia and the Prairies.
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