Quebec’s Saguenay-Lac-St-Jean haunted by looming U.S. tariffs on aluminum, lumber

By Thomas Laberge and Pierre Saint-Arnaud
The Canadian Press in the Financial Post
March 10, 2025
Category: Business & Politics
Region: Canada, Canada East

SAGUENAY, QUE. — Wood, as well as aluminum, are economic drivers in Quebec’s Saguenay-Lac-St-Jean region north of Quebec City. The … looming 25 per cent tariffs are leaving businesses in Saguenay-Lac-St-Jean bracing for impact. Inotech, a company that specializes in manufacturing equipment for the wood industry, said the economic disruption started in early February, when Trump had initially promised to impose tariffs, before delaying them. “In Quebec, the entire wood market was paralyzed,” said Michel Marceau, the company’s CEO. “People are waiting to see what will happen and during this time, no one is investing,” added Michael Dufour, Inotech’s sales director. A recent study from the Canadian Chamber of Commerce identified Saguenay and Drummondville — a city northeast of Montreal — among the Canadian cities most vulnerable to U.S. tariffs.

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