The federal government is injecting over $8.1 million into Saskatchewan's steel and manufacturing sectors, which have been heavily impacted by tariffs. The announcement was made near Regina last week by Eleanor Olszewski, minister for Prairies Economic Development Canada (PrairiesCan), alongside Buckley Belanger, secretary of state for rural development.
Funding Recipients
The funding is part of the larger $1.5-billion national Regional Tariff Response Initiative. Three companies received $1 million each:
- DynaIndustrial GP Inc., a steel manufacturer with plants in Regina and Saskatoon.
- Dutch Industries Ltd., based in Pilot Butte, which plans to expand its product lineup and create skilled jobs.
- Hi-Tec Profiles Inc., a steel processor operating in Regina and Saskatoon, aiming to advance amid political and trade uncertainty.
The remaining $5.111 million goes to the Saskatchewan Trade and Export Partnership Inc. (STEP), a non-profit that helps small and medium-sized businesses diversify international markets.
Industry Reactions
Greg Cruson, president of Dutch Industries, expressed gratitude for the support, stating it will allow the company to invest in new manufacturing equipment and strengthen Canadian agriculture. Trent Meyer, president of Hi-Tec Profiles, noted the funding enables planned advancements despite trade uncertainty.
Chris Lane, president and CEO of STEP, emphasized that trade diversification is essential, and the investment will provide practical support, market intelligence, and international connections for Prairie businesses.
Government Perspective
Belanger highlighted the importance of supporting small and medium enterprises in Saskatchewan, which produces goods subject to tariffs. He stated that the investments help secure a prosperous and resilient Canada for current and future generations.
