Madam Speaker, allow me to focus on the positive measures the government is continuing to pursue as we work to mitigate the impact of these uncertain times. As the Prime Minister has said, as we cope with economic uncertainty, our most powerful recourse, our most powerful tool is to control what is within our power to control, and that is what we are doing. Let me focus on the government's uncompromising commitment to build a stronger, more inclusive economy.
Nothing represents the power of that commitment more than our labour market development agreements and workforce development agreements. These agreements forged between the federal government and the provincial and territorial governments are engines of opportunity, resilience and growth. They provide $2.9 billion annually in training and employment assistance services delivered through provincial and territorial employment assistance offices. This approach empowers Canadians with the skills they need to succeed in a rapidly changing labour market.
They offer targeted training programs. They offer career services. They offer all manner of employment supports. They are boosting the employment opportunities of Canadian workers, whether they are new graduates, mid-career professionals, or individuals facing barriers to employment.
Through these programs, Canadian workers can adapt and thrive. The results speak for themselves. Each year, more Canadians are able to access skills training that leads directly to a career in a field where workers are needed. Job seekers are not only finding work faster but also securing more stable and higher-quality jobs. However, there are no jobs without employers, and this is why we are ensuring that employers also benefit. They get a more skilled and job-ready workforce and an ability to hire more quickly. Both of these advantages foster a boost in productivity.
This alignment between worker skills and employers is crucial. It has the power to strengthen entire industries. A well-trained workforce drives innovation, attracts investment and enhances Canada's global competitiveness. This is why our government's workforce tariff response, for example, is providing a further $570 million until 2027-28 under the labour market development agreements. This is funding that will support tariff-impacted employers and workers in the steel and softwood lumber sectors and in other tariff-impacted industries.
Global economies have shifted, and tariff tensions are high, but as Canadians, we do not stand idly by. We build, and our skilled trades workers are the ones who will build our future, but we are facing a serious shortage in the trades. This is why we have made a historic five-year, $6-billion investment to help workers and young people gain the skills, experience and support they need in order to thrive.
This is where team Canada strong comes in. It is the basis of our spring economic update, and it is our plan to train, recruit and hire up to 100,000 new Red Seal trades workers to meet the demand. It is a plan that will help apprentices learn and train, and to access meaningful and well-paid careers. I can assure the House that the Government of Canada will always have the back of our workers and their families.
With respect to the importance of the skilled trades and apprenticeships, I have to note that I would encourage the member for Sherwood Park—Fort Saskatchewan to support our new plan for the trades, and I ask him why he voted against it in our spring economic update.