Canada needs to develop its natural resources as fast as possible, says pulp and paper CEO

By Jonathan Migneault
CBC News
March 26, 2025
Category: Business & Politics
Region: Canada, Canada East

ONTARIO — Canada’s next government needs to focus on developing the country’s natural resources as quickly as possible to ensure its economic future, according to the CEO of a pulp and paper company in northeastern Ontario. “As a country, we have such massive natural resource wealth. And over the last, I’m going to say two decades, this country has struggled to be able to, to capitalize on those resources so that we have more financial capacity as a nation to battle these sorts of trade situations,” said Kap Paper CEO Terry Skiffington. Skiffington said his own industry is already in a precarious position, and many pulp and paper mills would struggle to keep their doors open if Trump imposes broad tariffs on Canadian goods by April 2. The Kap Paper mill is the last remaining pulp and paper mill in northeastern Ontario.

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