Canadian Wood Council Welcomes Federal Investment in Forestry Innovation and Housing Solutions

The Canadian Wood Council welcomed a $1.2 billion federal investment announced by Prime Minister Mark Carney, aimed at supporting Canada's forest sector and increasing the use of Canadian wood in construction. This includes $700 million in loan guarantees and $500 million for innovation, workforce development, and market diversification. The investment aligns with the council's initiatives to promote sustainable wood-based construction solutions to meet housing and climate goals. The council is committed to continuing collaboration with government, industry, and construction professionals to enhance the use of sustainable wood systems.