By Staff
March 3rd, 2025
BURLINGTON, ON
Timing is everything – isn’t it?
The Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario announced that over $24 million to support 10 businesses in southern Ontario.
$3.5 million was allotted to Tempel Canada, a leading supplier of transformer core products for power conversion and distribution to the Central, Midwest, and Eastern U.S.
Ouch – the President of the United States is said to be about to declare a 25% tariff on everything that is imported by Americans from Canada.
With 110,000 square feet of space Tempel can provide a wide range of quality transformer products from a central location, including small stamped transformer lamination components, cut-to-length laminations, distributed gapped cores, slit steel, mitered core logs, and fully assembled mitered cores.
The development of these federal grants are years in the making – they were probably started before Donald Trump was elected.
The Tempel management have some hard decisions to make in the next month.
The EB-5 US visa used to be $1m US, where you employ American workers, this company has just lost the advantage of a 30% Cdn dollar. Their choices are limited, lose business or relocate. Another trend working against Canada is from countries in Europe offering free limited health care and the right of citizenship to retirees and if you are unable to see the danger, that the young will become the next target for this relocation plan, your eyes are shut.