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Ottawa announces $8.3 million to support beef industry amid China standoff

Reference: FCC

CALGARY - Canada's beef industry is getting $8.3 million in federal funds, the bulk of it aimed at growing its international market reach as a trade standoff with China continues.

The money is going to six different projects, Agriculture Minister Marie-Claude Bibeau said Wednesday during a visit to the Calgary Stampede.

The biggest recipient is marketing organization Canada Beef, which is getting $5.3 million to grow sales internationally, in part by boosting foreign consumer confidence in Canada's product...Read More

Bibeau said the announcement would have been made regardless of last month's news that China is shutting out exports of all Canadian meat after inspectors detected a restricted feed additive residue in pork. A subsequent investigation found forged veterinary health certificates attached to the batch.