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Ottawa offers to cover 50% of cost of shipping steel across Canada as tariffs weigh
['Gabriel Friedman', 'Tue', 'August', 'At P.M. Gmt', 'Min Read']
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A new federal program will subsidize shipping Canadian steel within the country.
(Credit: Peter Power/Postmedia News)The federal government says it will now cover 50 per cent of the cost of shipping Canadian steel across the country.
He also said there were some "obvious" price and logistical challenges to shipping steel across the country that the rebate aims to address.
The Canadian Steel Producers Association, an industry lobby group for steel mills, issued a statement applauding the new program.
Canada has two major railway companies and steel producers have complained it is not financially feasible to ship their products to users on the West Coast.