Ottawa announced a new $370-million biofuel production subsidy and new domestic-content provisions in the federal Clean Electricity Regulations.

In a strategy largely aimed at providing a lifeline to Canada’s besieged canola farmers, Ottawa is promising a double-pronged approach to boosting the country’s biofuel industry.

The support, announced Friday by Prime Minister Mark Carney , will come in the form of a new $370-million biofuel production subsidy and new domestic-content provisions in the federal Clean Electricity Regulations.

Both measures, as well as raising interest-free limits for canola advances and additional spending on international agricultural marketing, are part of a series of moves intended to help sectors caught up in current trade wars.

Canola farmers have been hi

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