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Developer Concerned $1.2B Lumber Support Plan ‘Could Be Read as Another Subsidy’

CANADA, AUG 7 – The federal government’s $1.2 billion package includes $700 million in loan guarantees and $500 million for industry modernization to counteract rising U.S. tariffs on Canadian lumber.

  • Prime Minister Mark Carney announced a $1.2 billion support package on August 11, 2025, for Canada's softwood lumber industry facing U.S. tariffs.
  • The announcement responded to increased U.S. anti-dumping duties up to 20.56 percent that have pressured the industry for years.
  • The government’s support plan provides $700 million in loan guarantees to assist producers, allocates $500 million toward innovation and processing improvements, and implements policies to give preference to Canadian lumber in federal infrastructure and housing projects.
  • Danny Whalen of FONOM emphasized that forestry plays a crucial role in sustaining employment, underpinning local economies, and supporting essential infrastructure throughout communities in northeastern Ontario.
  • Officials expect the support to improve competitiveness and domestic production but acknowledge concerns that funds could be seen as subsidies, increasing export uncertainty.
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On Tuesday (August 5), Canadian Prime Minister Carney announced that the federal government will allocate 1.2 billion to support the softwood lumber industry, of which 700 million will be used to guarantee loans to forestry companies, 500 million will be used for product development and market diversification, and 50 million will be allocated for "employment transformation support."

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CBC News broke the news in Canada on Thursday, August 7, 2025.
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