PrairiesCan investments will support the Saskatchewan Trade and Export Partnership and steel manufacturers in Saskatchewan
Global trade disruptions are impacting Canadian businesses, particularly in steel manufacturing, and creating economic uncertainty across all sectors of the economy. To help businesses respond to tariff pressures and remain competitive, the Government of Canada is making strategic investments to help businesses expand to new markets, boost productivity and competitiveness, and build more resilient supply chains.
Today, the Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan), joined by the Honourable Buckley Belanger, Secretary of State for Rural Development, announced over $8.1 million in funding under the Regional Tariff Response Initiative (RTRI) to enhance trade and steel manufacturing capacity in Saskatchewan.
This includes a $5.1 million investment in the Saskatchewan Trade & Export Partnership (STEP), a non-profit that helps Saskatchewan businesses increase export opportunities. STEP is helping build domestic trade and diversify international markets for small and medium enterprises across Saskatchewan, Alberta and Manitoba.
It also includes support for three steel manufacturing companies in and around Regina, Saskatchewan. Investments of $1 million each in DynaIndustrial GP Inc., Dutch Industries Ltd. and Hi-Tec Profiles Inc. will help these companies enhance steel manufacturing capacity, boost productivity and diversify their export markets.
These targeted investments by the Government of Canada through PrairiesCan will help Saskatchewan and Prairie businesses adapt, grow, and lead through economic instability.
Full details can be found in the linked backgrounder.
