The Government of Canada has announced up to $90 million in loan support for C.A.T. North America Inc., one of Canada's largest trucking and logistics companies. The announcement was made on June 3, 2026, through the Large Enterprise Tariff Loan (LETL) facility, a program that helps large Canadian companies affected by tariffs.
Finance and National Revenue Minister François-Philippe Champagne announced the support at C.A.T.'s head office in Vaudreuil-Dorion, Quebec. "Our government takes action to support Canadian companies impacted by ongoing trade disruptions," he said. "C.A.T. plays a key role in Canada's economy by ensuring businesses move goods efficiently across North America. This support will help this major transportation and logistics employer continue delivering for Canadian businesses while maintaining critical transportation capacity and protecting jobs."
C.A.T. is a Quebec based trucking company that handles long-haul trucking, intermodal, warehousing, distribution, and cross-border freight. It employs 1,670 people in Canada and runs more than 1,500 power units and over 5,000 trailers. The government said the loan is meant to protect those jobs and keep the company's trucks moving across North America. The support works out to roughly $54,000 for each of C.A.T.'s 1,670 Canadian employees, though the money is a loan to keep the whole operation running rather than a payment to workers.
The support comes as tariffs and shifting trade reshape how freight moves between Canada and the United States, raising costs and re-routing supply chains for many carriers. The LETL facility, launched in March 2025, offers loans of at least $30 million to large Canadian companies hit by tariffs, covering about three years of operating needs after a company has used its other options. The facility provides loans rather than grants, and was later opened to more industries.
Sources: Department of Finance Canada, June 3, 2026;