Carney, Ford to announce funding for clean auto investments: source

Ashley Burke · CBC News

· Posted: Oct 21, 2026 9:59 AM EDT | Last Updated: 9 minutes ago

Prime Minister Mark Carney and Ontario Premier Doug Ford are expected to unveil new support for auto companies making clean investments during a time of uncertainty caused by the trade war with the U.S., CBC News has learned 

A source with knowledge of the announcement that is expected later Wednesday said it includes addressing Canada's greenhouse gas standards after the Trump administration made changes on Monday.

Earlier this week, the U.S. finalized rolling back fuel economy standards for new vehicles, reversing policies meant to boost fuel efficiency and promote using electric vehicles. 

Carney and Ford are slated to roll out the support package on Parliament Hill on Wednesday afternoon and are expected to be joined by their industry and finance ministers. 

In August, U.S. President Donald Trump threatened to increase tariffs on all cars, trucks, auto parts and steel to 50 per cent on Jan. 1, 2027. That threat came after Carney announced he was retaliating with matching dollar-for-dollar tariffs on American goods.

• ‘Counterproductively devastating’: Auto industry reacts to Trump’s new tariff threats

• No Canada-U.S. trade deal expected before American midterm elections: sources

The U.S. is already hitting finished vehicles and non-CUSMA-compliant auto parts imported to the U.S. with 25 per cent levies.

The Trump administration has also been hammering Canadian steel imports with tariffs ranging from 10 per cent to 50 per cent.