Province Launching Protect Ontario Financing Program to Support Sectors Impacted by U.S. Tariffs

August 13, 2025

• Our government is leaving no stone unturned in our efforts to protect workers and businesses from the economic challenges facing Ontario.
• Through the new Protect Ontario Financing Program, up to $1 billion in funding supports will be available to Ontario-based businesses in the steel, aluminum and auto sectors to protect workers amid significant tariff-related disruptions.
• Ontario-based businesses impacted by higher (Section 232) tariff rates and facing tariff-related challenges, such as payroll, lease or utility payments will be able to access loans and loan guarantees, in addition to existing federal supports.
• Applicants will undergo a rigorous assessment and due diligence to determine eligibility and ensure taxpayer funds are used responsibly. 
• This funding will help businesses avoid closures and layoffs while protecting workers and critical supply chains in the face of U.S. tariffs and economic uncertainty.