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Ottawa's $6.5-billion forestry plan offers hope but no quick fix for mills
Leaders say the six-year plan could modernize mills, but funding is not expected to begin until 2027-28 as tariffs and weak markets persist.
- Ottawa announced a $6.5 billion funding package last week to modernize Canada's forestry industry, though the money will not reach struggling mills until 2027-28.
- Ken Farr, president of the Canadian Institute, described the sector's struggle as a "perfect storm" of U.S. tariffs, aging facilities, and limited timber access threatening mills nationwide.
- Domtar idled facilities in Port Mellon affecting about 400 workers, while operations halted at Nackawic and Rayonier Advanced Materials in Que in recent weeks.
- Derek Nighbor, president of the Forest Products Association, called the commitment "precedent setting," yet Farr warned funding may arrive too late to save some struggling mills.
- Industry forecasts suggest 2027 will remain difficult as housing starts stay weak and U.S. tariffs persist, extending instability for mills across Canada despite the funding announcement.
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30 Articles
30 Articles
The Toronto Star+6 Reposted by 6 other sources
Ottawa’s $6.5-billion forestry plan offers hope but no quick fix for mills
OTTAWA - Forestry industry leaders say Ottawa's historic $6.5-billion funding package will give the sector a much-needed boost but won't save struggling mills overnight.
·Toronto, Canada
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Winnipeg Free Press+22 Reposted by 22 other sources
Ottawa's $6.5-billion forestry plan offers hope but no quick fix for mills
OTTAWA - Forestry industry leaders say Ottawa's historic $6.5-billion funding package will give the sector a much-needed boost but won't save struggling mills overnight.
·Winnipeg, Canada
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Total News Sources30
Leaning Left22Leaning Right0Center6Last UpdatedBias Distribution79% Left
Bias Distribution
- 79% of the sources lean Left
79% Left
L 79%
C 21%
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