B.C. forests minister calls new federal lumber industry supports ‘a good start’

B.C. ministers expressed conflicting feelings about a range of tariff response measures announced by the federal government on Wednesday, Nov. 25.
On the one hand, an additional $1 billion is being offered to support the forest industry, which faces 45 per cent combined tariffs and duties on softwood lumber.
The money for lumber is split into two $500 million funds, one for a loan program for companies through the Business Development Bank of Canada, and the other through a tariff loan program.