Industry minister says relief coming for tariff-hit softwood lumber sector
AI Article Summary
Federal Industry Minister Mélanie Joly announced that financial relief is coming for Canada's softwood lumber sector affected by tariffs. According to Joly, the government will soon provide funding through banks in a program backed by the Business Development Bank of Canada. The aim is to support businesses facing these tariffs. The relief package is expected to be rolled out in the coming days.
What This Means for Canadian Contractors
For Canadian builders, this means potential financial stability in the softwood lumber sector which can lead to more predictable project costs and timelines. It also suggests a proactive approach by the government to support industries critical to the construction sector. This initiative could help stabilize the lumber supply chain, potentially benefiting ongoing and future construction projects.
