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Carney and Ford’s Steel and Auto Support Package: What It Could Mean for Your Job and Walle

Canadian Money Brief  |  October 21, 2026 Prime Minister Mark Carney and Ontario Premier Doug Ford are set to unveil a joint support package for Canada’s steel, auto and critical-minerals sectors in Ottawa at 2 p.m. ET today . According to QP Briefing , the finance and industry ministers from both governments will join them, and the package is meant to help businesses and workers deal with ongoing trade disruptions. The dollar figures and eligibility rules weren’t public at the time of writing. So here’s what we know, what help already exists, and what to look for when the details land. WHAT WE KNOW SO FAR Who: Carney and Ford, plus both governments’ finance and industry ministers When and where: 2 p.m. ET today, Ottawa Sectors: steel, auto and critical minerals Stated aim: support for businesses and workers affected by trade disruptions Not yet public: total dollars, the federal–Ontario cost split, who qualifies and how to apply Help That’s Already on the Table Today’s p...
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Consumer and Business Insolvencies Continue to Rise in November

 

According to the Office of the Superintendent of Bankruptcy, consumer and business insolvencies continued to rise in November. Consumer insolvencies were up 24% in November compared with a year ago, while business insolvencies rose 36.8%. The data shows insolvencies for both consumers and businesses continued to rise from pandemic lows.

Business insolvencies rose 41.8% year-over-year in the third quarter of 2023, surpassing pre-pandemic levels. However, consumer insolvencies in the third quarter were still below pre-pandemic levels. In November, that trend continued — business insolvencies were higher than in November 2019, while consumer insolvencies were a little lower.

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