The Globe and Mail reports in its Wednesday edition that Canadian companies hit by American tariffs can soon ask Lorraine Audsley for financial support. The Globe's Jameson Berkow writes that a Ms. Audsley has been named the new chief executive officer of the Canada Enterprise Emergency Funding Corp. (CEEFC), effective Feb. 24. A subsidiary of the Canada Development Investment Corp. (CDEV), CEEFC is in charge of the $10-billion large enterprise tariff loan facility that Prime Minister Mark Carney first announced in March, 2025, to help businesses affected by U.S. President Donald Trump's trade war. So far, the facility has only issued two loans totalling $515-million -- $400-million to Algoma Steel and $115-million to Arctic Canadian Diamond Company -- representing barely 5 per cent of its funding capacity. Ms. Audsley, former chief risk officer at Export Development Canada and CMHC, says that success will not be measured by how fast she gets money out the door. For Algoma, the largest employer in Sault Ste. Marie, Ont., and Canada's last independent steelmaker, the government funding it received in September, 2025, made an existential difference, after seeing its U.S. business effectively disappear overnight.
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