Story perspectives

Canada Plans Multi-Billion Dollar Stimulus Amid U.S. Tariffs

1/29/2025

50 7

Summary

Story summary

The Canadian government is preparing a multi-billion-dollar stimulus package in response to potential U.S. tariffs.
Proposed relief measures include immediate employment insurance benefits and longer-term support, pending parliamentary approval.
Analysts estimate tariffs could cost Canadian households $1,900 per year and reduce GDP by 2.6%.
Diplomatic negotiations are ongoing, with Foreign Affairs Minister Mélanie Joly engaging U.S. officials to seek alternatives.

1 of 1

Story summary

The Canadian government is preparing a multi-billion-dollar stimulus package in response to potential U.S. tariffs.
Proposed relief measures include immediate employment insurance benefits and longer-term support, pending parliamentary approval.
Analysts estimate tariffs could cost Canadian households $1,900 per year and reduce GDP by 2.6%.
Diplomatic negotiations are ongoing, with Foreign Affairs Minister Mélanie Joly engaging U.S. officials to seek alternatives.