Carney pins hopes on domestic market with new steel, lumber tariff supports

OTTAWA — Prime Minister Mark Carney wants the Canadian lumber and steel sectors to look for more opportunities at home as U.S. tariffs and shifting global trade tides limit their opportunities abroad. Carney unveiled a suite of new supports for the tariff-stricken sectors at an event on Parliament Hill on Wednesday. He told reporters that since U.S. President Donald Trump launched his global tariff campaign, many of Canada’s “strengths have become our vulnerabilities.” He pointed out that in 2024, 75 per cent of Canada’s exports — and 90 per cent of its lumber, aluminum and steel exports — went to…