Toronto's Mayor Olivia Chow announced a strategic move to support Canadian businesses by limiting city contracts valued under $353,000 exclusively to Canadian firms. This decision stems from a response to ongoing trade tensions with the U.S., where currently 10% of the city's capital budget funds American companies. Chow intends to introduce a motion to further bar U.S. companies from city contracts, emphasizing that while it may be costly, the commitment to support local businesses is strong. She mentioned that larger contracts must remain open to international bids due to existing trade agreements with European nations.
"Yeah it may hurt our pockets, [but] it may cost more if we don't buy Canadian."
"As proud Canadians I think we are united in saying we will never back down."
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