Canada invests C$8 million in four Surrey businesses to counter tariff impacts
Surrey/British Columbia: Canada said on Monday it will invest more than C$8 million in four businesses in Surrey, British Columbia, to help them offset the impact of tariffs by expanding production, strengthening supply chains and entering new export markets.
The funding, announced under the federal government's Regional Tariff Response Initiative (RTRI), will support companies in the manufacturing, food processing, construction and engineering sectors, which Ottawa said have faced higher costs and supply chain disruptions amid changing global trade conditions.
Randeep Sarai, Secretary of State for International Development, announced the funding on behalf of Housing and Infrastructure Minister Gregor Robertson and Pacific Economic Development Canada (PacifiCan).
The largest allocation, C$5.5 million, will go to Nanak Foods to automate its production lines and warehouse operations, increasing manufacturing capacity and supporting expansion into international markets.
AI Industries, a structural steel fabricator, will receive C$1 million to install automated fabrication and welding equipment aimed at increasing production capacity and improving efficiency.
Engineering firm MTC Solutions will receive C$630,250 to establish a research and manufacturing facility for Canadian-made mass timber connection systems, while PowerHouse Building Solutions will receive C$925,000 to automate warehouse operations, diversify its supply chain and support planned expansion into the United Kingdom.
The federal government said the investments are intended to help businesses improve productivity, reduce costs and strengthen domestic supply chains in sectors affected by global trade disruptions, including manufacturing, forestry, steel and food processing.
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