Toronto Mayor Olivia Chow says the city's response to steep U.S. tariffs on Canada will include barring American companies from bidding on some city contracts and a tax deferral program for industrial properties impacted by the tariffs.
Chow says the city's plan proposes amendments to its procurement bylaw, including awarding contracts for goods and services worth under $353,000 and construction work worth under $8.8 million exclusively to Canadian companies.
She says the city will also create an industrial property tax deferral program to allow eligible businesses impacted by tariffs to defer payment for six months, providing cash flow relief.