Government of Canada launches $500 million in support for retooling Canada’s forest sector

By Natural Resources Canada
Cision Newswire
February 25, 2026
Category: Business & Politics
Region: Canada, Canada East

Tom Hodgson

TRACYVILLE, New Brunswick — In the face of unjust US trade measures, the Government of Canada is taking decisive action to give Canadian forest companies the stability they need to weather short-term shocks and retool for a stronger, more diversified future. …The Honourable Tim Hodgson, Minister of Energy and Natural Resources, launched a national Calls for Proposals under Natural Resources Canada’s forest sector transformation programs, supported by a $500-million commitment. Eligible businesses and organizations can now apply for funding through: The Investments in Forest Industry Transformation (IFIT) program. The Green Construction Through Wood (GCWood) program; The Indigenous Forestry Initiative (IFI);  and The Global Forest Leadership Program (GloFor). …In addition, Minister Hodgson announced $2.8 million in existing program funding through the IFIT, IFI, GloFor and GCWood programs, supporting seven projects that will help strengthen the forest sectors in New Brunswick and Nova Scotia.

Read More