# Carney Announces $9 Billion Ontario Steel Plan

> Prime Minister Carney pledges $9 billion to shield Ontario's steel and auto sectors from U.S. tariffs.
- Title: Carney Announces $9 Billion Ontario Steel Plan · Financialpost
- Summary: Prime Minister Carney pledges $9 billion to shield Ontario's steel and auto sectors from U.S. tariffs. Prime Minister Mark Carney announced a $9 billion…
- Keywords: mark carney, ontario, steel, autos, tariffs, federal emissions standards, cleveland-cliffs, stelco holdings, money, business, Carney, Announces
- Source: Financialpost — https://financialpost.com/transportation/autos/mark-carney-billion-ontario-steel-autos
- Read time: 1 min
- Topics: mark carney, ontario, steel, autos, tariffs, federal emissions standards, cleveland-cliffs, stelco holdings, money, business
## Carney Unveils Ontario Partnership
Prime Minister Mark Carney announced a $9 billion partnership with Ontario to support the province's tariff-battered steel and auto industries.
## Emissions Standards Delayed
Carney said federal emissions standards for vehicles will stay at 2026 levels through 2029 to give automakers short-term flexibility.
## Stelco Layoffs Threaten Legal Action
Carney's government threatens legal action against Cleveland-Cliffs over planned layoffs at Stelco Holdings in Hamilton, Ontario.
## Steel Sector Fund Details
A joint $5 billion fund over five years includes about a third from Ontario, with some funds redirected from previous industry support.
## Key takeaway

Prime Minister Mark Carney announced a $9 billion partnership with Ontario to support steel and auto industries hit by U.S. tariffs.