Ottawa has announced more than $1.2 billion in additional support for the softwood lumber industry after Washington increased tariffs on the sector.
Prime Minister Mark Carney is promising an aid package for the industry that includes $700 million in loan guarantees and $500 million for long-term support to aid companies in diversifying their export markets and advancing their product development. The funding announced by Carney following a visit to Gorman Brothers Lumber in Kelowna, B.C., on Aug. 5 also includes $50 million for up-skilling and re-skilling lumber workers.
