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Ont. Government Offering Kap Paper Inc. A Loan Extension Of $6M - Canadian Manufacturing
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Ont. Government Offering Kap Paper Inc. A Loan Extension Of $6M - Canadian Manufacturing
On Sep. 11, Mike Harris Jr., MPP for Kitchener-Conestoga and Minister of Natural Resources, announced that the provincial government is offering Kap Paper Inc. a loan extension of $6 million, and calling on the federal government for support as well. This comes on the heels of an earlier $10M loan given to Kap Paper Inc. by the Ont. government in Jan. of 2025. These loans are meant to protect approximately 2,500 jobs in Kapuskasing and the surro…
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