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

October 9, 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.