Prime Minister Mark Carney will announce new aid measures Wednesday aimed at helping Canada's aluminum and steel producers.

According to a government source who spoke to Radio-Canada, Ottawa will limit imports of foreign steel from countries that do not have a trade agreement with Canada. The move, first reported by the Toronto Star, could provide an extra $854 million worth of market potential for domestic producers.

Ottawa also wants to take measures to transform the steel industry so Canadian producers can better compete in the domestic market and will aim to cut the cost of transporting steel between provinces by 50 per cent.

Aid programs will also be announced for workers and businesses in the steel and lumber sectors.

Tariffs and turmoil

The country's steel and aluminum producer

See Full Page