Feds announce $100M program to cover 50% of shipping steel in Canada by rail and water (www.cbc.ca)

submitted 1 day ago by ValueSubtracted@startrek.website to c/canada@lemmy.ca

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[-] DriftingLynx@lemmy.ca 0 points 13 hours ago

Okay so the handful of steel producers can ship cheaper, where is all this steel going that it needs a 50% gov't subsidy on shipping?

Like is this auto and aerospace industry support? Is this just making it cheaper to ship to China? Is it making it easier to buy Canadian instead of Chinese steel?

If I need a train car full of steel, shipping is going to happen by train anyways no? It'd cost a fortune by truck and most of Canada is land locked.

Just saying I don't understand the economic goals here.

[-] ikidd@lemmy.dbzer0.com 1 points 11 hours ago

It'll be going to the border, this is taxpayer subsidy of US tariff costs to keep steel suppliers costs down so they can sell down south.

[-] Trex202@lemmy.world 0 points 13 hours ago

Incentive to buy Canadian with "Half Off Shipping"

[-] Undearius@lemmy.ca 16 points 1 day ago

It's often cheaper to ship something on a boat and have it travel 15,000km around the continent than it is to send it 3,000km on a train.

Maybe fix the rail industry instead of just putting money in their pocket.

[-] kent_eh@lemmy.ca 1 points 23 hours ago

On the other hand it's significantly cheaper (and more efficient and less polluting) to ship across the country by rail than it is by truck.

[-] theBannanaAndCoffeeDude@lemmy.ca 1 points 1 day ago

I like how the have the crappy yard locomotives in the background. Never far from the shop because their constantly breaking down, and pollution like there no tomorrow.