Prime Minister Mark Carney has announced billions of dollars in funding to offset tariffs and retrain skilled workers as part of a broad industrial strategy to reduce Canada’s reliance on the United States and create our own industries.

Carney is also launching a “buy Canadian” policy, and plans to overhaul the EI system so that it is more flexible.

Meanwhile, the federal government is delaying the previous administration’s ambitious targets for electric vehicle sales. Under predecessor Justin Trudeau, the federal government had set targets that would increase the percentage of new EV vehicles to 20 per cent by next year – a policy that would eventually see the elimination of the sale of new fossil-fuel burning vehicles by 2035.

The PM says Ottawa will also review the federal EV mandate.