Lucas Bruzzese reported a 10% decrease in his business following the implementation of the Trump administration’s 50% tariffs on Canadian goods. As the CEO of Canadian Metal Buildings, based in Hamilton, he stated that their American client servicing dropped from 10% to zero. To counter this, Bruzzese redirected the company’s focus to domestic operations and sought assistance from the Regional Tariff Response Initiative.
Canadian Metal Buildings was among the nine Hamilton-area businesses awarded a total of $12.5 million in federal funding. Bruzzese expressed his relief, highlighting the crucial support amid challenging times. He mentioned that the funding will facilitate their expansion across Canada and potentially into international markets.
Minister Evan Solomon of the Federal Economic Development Agency for Southern Ontario announced the investments at Niko Apparel Systems in Hamilton, one of the recipients. The other supported businesses include Automation Design and Installation Inc., Biederman Enterprises Ltd., FELLFAB Limited, Hooper Welding Enterprises Limited, Max Aicher North America, Whitebird/Moyy, and Superior Radiant Products Ltd.
The investments are repayable and aim to help companies adapt to tariff pressures, enhance domestic manufacturing, fortify supply chains, and create new opportunities. Solomon emphasized the importance of supporting businesses for growth, increasing the maximum non-repayable contribution to $3 million.
The trade dispute led to the U.S. imposing 50% tariffs on about $28 billion worth of Canadian exports, with Canada reciprocating. The federal government pledged to invest in projects like Niko Apparel’s equipment upgrades to boost competitiveness and workforce skills.
Solomon underscored the government’s commitment to assisting businesses during the trade uncertainty while encouraging continued investments. He likened the situation to a hockey game, stating that despite the current challenges, Canada will remain resilient and continue to build.
Additionally, the government introduced a $7.5 billion support package for Canadian workers and businesses, with an extra $1.5 billion allocated to the Regional Tariff Response Initiative. Solomon emphasized the proactive approach to absorb, build, and grow amid the trade disruptions.
For Bruzzese, the focus remains on strengthening Canadian business amidst the uncertainties. He highlighted the abundant opportunities in Canada and their dedication to serving and expanding capacity in the country.
On the same day, Solomon visited Roustan Hockey’s manufacturing facility in Brantford, Ont., known for producing traditional wooden hockey sticks since the 1800s. Roustan, the last North American commercial manufacturer of classic wooden sticks, emphasized the importance of supporting Canadian-made products to sustain local workers, communities, and the future of hockey in Canada.
