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Investing.com -- The Canadian federal government is implementing sweeping reductions to transportation costs in Eastern Canada, fulfilling a key campaign promise. Prime Minister Mark Carney announced Monday that tolls on the Confederation Bridge and ferry fares across federally supported routes would be significantly lowered, effective August 1.
The Confederation Bridge toll will be slashed from $50.25 to $20, aimed at easing access between Prince Edward Island and New Brunswick. In tandem, ferry fares for both passengers and commercial vehicles on multiple routes, including the Îles-de-la-Madeleine to Prince Edward Island and Saint John to Digby connections, will be cut by 50%.
Marine Atlantic, which operates the ferry between Nova Scotia and Newfoundland and Labrador, will receive increased federal funding to support the fare reductions. Commercial freight rates on that route will also be frozen, cushioning cost pressures for businesses transporting goods to and from the region.
Prime Minister Carney made the announcement in P.E.I., reaffirming his government’s commitment to regional connectivity and affordability. “The costs of the bridge and ferry don’t just fall on tourists,” Carney said. “If we are going to build a stronger, more united economy, and we are doing that, we are going to need to make it more affordable to travel around this country, for people and for businesses.”
The ferry services impacted by the decision are key transit corridors that link remote regions and support tourism and trade across Atlantic Canada and Eastern Quebec. By targeting subsidized providers, the government aims to amplify the policy’s reach without disrupting market-based operators.