04:54 PM EDT, 06/03/2026 (MT Newswires) -- Canada is to extend steel and aluminum tariff measures for one year, CBC TV is reporting Wednesday, citing comments from Minister of Finance Francois-Philippe Champagne, who said Canadian workers need to be protected from global excess capacity.

The move is subject to cabinet approval.

"Subject to approval by the Governor in Council, Canada will extend its steel tariff-rate quotas (TRQ) regime for imports from non-CUSMA partners, and the existing horizontal tariff relief for eligible steel and aluminum products from the United States and additionally, for eligible steel products subject to derivate tariffs. These measures would be extended to June 27 and June 30, 2027, respectively."