(File photo/The Canadian Press)
News Alert

Carney pledges incentives for canola sector, delays EV mandate

Sep 5, 2025 | 9:35 AM

Prime Minister Mark Carney says the government is launching a new $370 million production incentive to help Canada’s canola producers.

The government says its new biofuel production incentive is meant to address “immediate competitiveness challenges” as China imposes massive tariffs on Canadian canola seed.

Also Friday morning, the prime minister announced the federal government will waive its electric vehicle sales target for 2026 models.

The EV sales mandate introduced by the Liberals under former prime minister Justin Trudeau would have required 20 per cent of all new vehicles sold in Canada next year to be electric.