Mark Carney

The global trade landscape has fundamentally changed. Canada’s new government will invest in domestic production, develop Canadian expertise, support our companies to retool and reinvest, and help industries pivot to a growing Canadian market and those of new, reliable trading partners around the world. As part of that strategy, the Prime Minister, Carney, announced a series of new measures to help the softwood lumber industry transform to remain competitive. …Canada’s new government will:

• Provide up to $700 million in loan guarantees to address the immediate pressures facing the softwood lumber sector. 
• Invest $500 million to supercharge product and market diversification to make the industry more competitive for the long-term. 
• Build Canadian by prioritizing Canadian materials in construction and changing federal procurement processes to require companies contracting with the federal government to source Canadian lumber. 
• Diversify international markets for Canada’s sustainably sourced forest products. 
• Provide $50 million for upskilling, reskilling, and income supports for more than 6,000 affected softwood lumber workers through the Labour Market Development Agreements.