Prime Minister Mark Carney pledged on Friday to introduce new biofuel production incentives and provide more than $370 million to assist domestic canola producers.
The prime minister said plans to amend Canada's Clean Fuel Regulations to spur development of a Canadian biofuel industry, to increase loan limits for canola producers to $500,000 and invest in trade diversification measures to support agriculture sectors.
Chris Davidson, president of the Canola Council of Canada, said new supports are missing the mark on what the industry needs to survive a steep Chinese tariff.
"We don't believe there's been proper recognition of extensive impacts on the rest of the canola value chain," he said during a CBC TV interview."We have exporters and processors who have assets, facilities and infrastructure that is under duress right now and there was nothing specifically that was speaking to that," he said
