Carney, Ford unveil C$9B plan for autos, steel, critical minerals

· Automotive & EV · Canada

Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford unveiled a C$9 billion plan to support the automotive, steel and critical minerals sectors. The package includes C$2.5 billion earmarked for the automotive sector, with the federal government contributing C$1.5 billion of that amount. The announcement comes as Canada's auto industry faces pressure from shifting trade rules and the transition to electric vehicles, with steel and critical minerals treated as linked inputs for vehicle and battery production. The plan is framed as a combined federal and provincial effort to shore up manufacturing and supply chains.

Why it matters：Governments are increasingly bundling auto support with steel and minerals policy to keep EV supply chains domestic, and Canada's joint federal-provincial package is a template other manufacturing economies may follow.

Key points

  • Total package is worth C$9 billion across autos, steel and critical minerals.
  • C$2.5 billion is allocated to the automotive sector alone.
  • The federal government provides C$1.5 billion of the automotive funding.

Sources (original reporting)

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