Ottawa/IBNS, Oct. 23 -- Canada and Ontario announced a C$9 billion joint action plan on Wednesday to protect jobs in steel and autos hit by U.S. tariffs and to open up the Ring of Fire mining region.

Carney said Washington had "upended a trade bargain that has existed for decades," leaving Ontario workers and businesses at a disadvantage and under a cloud of uncertainty.

Where the money goes

The steel money will go to a new Joint Steel Action Fund, which the government says will help mills in Hamilton and Sault Ste. Marie upgrade machinery and make more products Canada needs.

The $2.5 billion for autos is meant to help plants shift toward connected and electric vehicles, with the government saying it will protect more than 120,000 dir...