March 5, 2026 · Clair, New Brunswick · Atlantic Canada Opportunities Agency (ACOA)
Economic headwinds from tariffs, rising input costs, and supply chain disruptions are forcing Canadian firms to adapt quickly in a changing global economy. Businesses in New Brunswick are making upgrades to boost productivity and expand capacity while keeping costs down. By helping companies strengthen supply chains and adopt the technologies they need to compete, the Government of Canada is building Atlantic Canada's industrial capacity and supporting good jobs across the region.
Today, Guillaume Deschênes-Thériault, Member of Parliament for Madawaska-Restigouche, announced a federal investment through the Regional Tariff Response Initiative to support Max Steel Inc. in Clair, New Brunswick ($750,000). The announcement was made on behalf of the Honourable Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency.
This investment will support Max Steel Inc. as it adopts new technology, helping the company strengthen the supply chain in the steel sector, while integrating modern production technologies and improving efficiency.
Today's announcement demonstrates the Government of Canada's commitment to building a stronger economy to make life more affordable and helping Canadian businesses succeed in a more uncertain global economy. By investing in productivity, innovation, and stronger supply chains, firms have access to the support they need to adapt, modernize, and pursue new market opportunities.
