Carney Unveils Billions in Aid for Canada’s Tariff-Hit Firms (1)

Prime Minister Mark Carney rolled out billions of dollars in relief for Canadian businesses and workers battered by tariff wars with the country’s two largest trading partners.

Carney unveiled the aid package on Friday, hours after jobs data revealed that Canada’s unemployment rate jumped to a four-year high. The plan targets companies hit by US and Chinese levies, and its centerpieces are a C$5 billion ($3.6 billion) fund for businesses to adapt and a “Buy Canadian” federal procurement program.

Speaking in front of workers at an aerospace facility in the Toronto area, Carney described Canada as facing a “time ...