Softwood lumber industry underwhelmed by announced supports

By Rob Buffam
CTV News
November 26, 2025
Category: Business & Politics
Region: Canada, Canada West

Ottawa threw the beleaguered softwood lumber industry a bone. …The new measures include $500 million in new loan guarantees for softwood lumber companies. “Loans are only good if i can sell my prioduct and pay for those loans,” said Brian Menzies, at the Independent Wood Processors Association of BC. “At 45%, I can t sell my product into the United States.” Other steps announced include cutting freight rates. …The measures are window dressing – say some – when compared to the impact of the steel industry supports. “I’m afraid we’ve come to the point that ‘Sophies choice’ is happening and softwood lumber is the child who’s going to be left behind,” said Menzies. It’s a concern shared at Leslie Forest Products, in Delta where James Sanghera said the measures won’t make a difference. “Most of the wood we’re sending down to the States is going on truck.”

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