The Government of Canada is preparing to announce new financial support for small and medium-sized businesses (SMEs) in Quebec that are facing challenges due to international tariffs. The announcement will be made in Repentigny, Quebec, as part of efforts to help businesses remain competitive and stable in a changing global trade environment.
The funding initiative will be led by Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. She will be joined by other federal representatives, including Tim Watchorn and Madeleine Chenette, during the official announcement.
This support program is expected to benefit close to 100 SMEs across Quebec. These businesses have been affected by tariff-related pressures, which can increase costs, reduce exports, and create uncertainty in international trade. The government aims to help these companies adjust by encouraging them to explore new markets and reduce dependence on limited trade partners.
Officials say the funding will help businesses strengthen their economic resilience by supporting diversification strategies. This includes expanding into new regions, improving competitiveness, and adapting operations to changing market conditions. The goal is to ensure that local businesses can continue to grow despite external trade challenges.
As part of the event, government representatives will also highlight funding provided to a local business in Repentigny. Media representatives have been invited to attend a tour of the business site, where they will see firsthand how federal support is helping companies operate and expand.
The initiative reflects the government’s broader strategy to protect Canadian businesses from global economic pressures and ensure long-term stability. By supporting SMEs, which play a key role in job creation and economic growth, the government aims to strengthen Quebec’s business ecosystem and prepare it for future challenges.
The announcement is part of ongoing efforts by Canada Economic Development for Quebec Regions to provide targeted support to businesses and promote sustainable economic development across the province.
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