Toronto Mayor Olivia Chow has launched a strategic plan aimed at bolstering local businesses as Canada contends with renewed trade tensions with the U.S. This plan includes a tax deferral for industrial properties and a "love local" campaign encouraging residents to favor Canadian-made products. Chow also proposed barring American firms from city contracts to ensure support for Canadian companies. The plan follows historical challenges, emphasizing Toronto's resilience, and aims to implement measures within the next 30 days pending approval, in light of impending U.S. tariffs.
Mayor Olivia Chow's initiatives focus on supporting local businesses amidst the U.S.-Canada trade conflict, prioritizing Canadian companies with tax deferrals and strategic campaigns.
Chow emphasized, "Working together, Torontonians have tackled difficult challenges in the past. Each time we emerge stronger; united, we will do it again."
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