Toronto is taking decisive action in response to the steep U.S. tariffs imposed on Canada. Mayor Olivia Chow announced a comprehensive plan aimed at protecting local businesses and reducing reliance on American suppliers. Key measures include barring U.S. companies from bidding on certain city contracts and introducing a tax deferral program for industrial properties affected by the tariffs.
“Our city has faced challenges before, and each time, we have come out stronger. United, we will do it again,” Mayor Chow said at a press conference on Monday.
Procurement Policy Shift: Proposed amendments to the city’s procurement bylaw will ensure that contracts for goods and services under $353,000 and construction projects under $8.8 million are awarded exclusively to Canadian companies.
- Industrial Tax Relief: A six-month tax deferral program will offer cash flow relief to eligible businesses impacted by the tariffs.
- Reducing U.S. Dependence: Toronto will collaborate with other municipalities and the province to lessen reliance on American suppliers.
- Supporting Local Business: The city will work directly with local business owners to support expansion and encourage residents to prioritize Canadian-made products.
- Investing in Canadian Manufacturing: Toronto Fire Services will procure 17 new pumper trucks from a Canadian manufacturer, reinforcing the city’s commitment to local industry.
City Manager Paul Johnson acknowledged that transitioning away from U.S. suppliers will take time but emphasized that the city is committed to making the shift as soon as possible.
The plan is set to be reviewed by Toronto’s Executive Committee on Wednesday before moving to city council for final approval later this month.