Regional Tariff Response Initiative will help businesses respond, adapt, and compete amid shifting market conditions
Canadian businesses are facing economic uncertainty as tariffs disrupt their export markets and global supply chains. The Government of Canada is focused on protecting Canadian workers, reinforcing the competitiveness of Canadian businesses and building one strong Canadian economy.
Today, the Honourable Rebecca Chartrand, Minister of Northern and Arctic Affairs and Minister responsible for the Canadian Northern Economic Development Agency (CanNor), announced funding support through the Regional Tariff Response Initiative (RTRI) to help northern small- and medium-sized businesses respond to trade challenges, adapt to new realities, and build for the future.
During this period of global trade disruptions, CanNor is on the ground in Nunavut, the Northwest Territories and the Yukon working closely with federal, territorial, and Indigenous partners to respond to the unique needs of northern communities.
The RTRI will support businesses in the North affected by recent trade actions to improve productivity, expand and diversify export markets, strengthen supply chains, and boost domestic trade within Canada. Not-for-profit organizations supporting businesses through trade disruptions are also eligible.
The RTRI is part of a broad set of tariff support measures, including Strategic Response Fund, Large Enterprise Tariff Loan Facility, the Business Development Bank of Canada's Pivot to Grow initiative, and the Workforce Alliances. Together, these measures are reinforcing Canada's industrial strength and defending jobs across the country.
