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Daily News / Lumber / Sawmilling / Wood Products / Global / North America
June 2, 2017

Canada launches CAD$867M package to protect softwood lumber industry from impact of US duties

Canada launches CAD$867M package to protect softwood lumber industry from impact of US duties
This week Jim Carr, Canada’s Minister of Natural Resources, Chrystia Freeland, Minister of Foreign Affairs, and the François-Philippe Champagne, Minister of International Trade, announced CAD$867 million in measures to support forest industry workers and communities affected by U.S. measures targeting softwood lumber.    This includes federal loans and loan guarantees to complement provincial efforts for viable Canadian companies. Export Development Canada (EDC) will make commercial financing and risk management solutions — including loans and loan guarantees — valued at up to $500 million available to assist viable forestry companies. The Business Development Bank of ...

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