Feds announce $100M program to cover 50% of shipping steel in Canada by rail and water

The federal government is stepping up to support Canada's steel industry with a $100 million initiative to cover 50% of the costs for shipping steel by rail or water. This move aims to reduce transportation expenses, making Canadian steel more competitive domestically and internationally. By lowering these costs, the initiative could bolster the industry's economic viability and help it weather global market fluctuations. This funding reflects the government's commitment to sustaining key domestic industries and ensuring they remain profitable and sustainable in a changing economic landscape.