Carneyy announced more than $ 1b in support for Clobbered Softwood Wooden Industry
Prime Minister Mark Carney vowed to use Canadian wood to build homes and provide financial assistance for the forestry sector, which is in the form of US hike duties on the softwood industry.
“We will be our best customers by relying on more Canadian wood for Canadian projects,” Carney said.
The region has been a long goal of the US, which has recently increased dumping anti-dumping duties on Canadian softwood. BC Forest Minister Ravi Parmar Hit for the province’s forestry industry described as “intestinal punch” Which has seen thousands of workers in the last few years.
Carney called the industry “inappropriate”, promising to take the industry away from its dependence on the US market.
“This dependence creates expensive uncertainty,” he told the Gordeman Brothers Lambar Limited Mill.
“It weakens the weather capacity of the recession of our industry. It makes wood more expensive.”
Prime Minister Mark Carney on Tuesday announced new support for the Canadian wooden industry, providing $ 700 million in debt guarantee and investing $ 500 million to make the sector more competitive.
The Prime Minister on Tuesday unveiled a suit of new measures, promising that he would help the industry to serve a growing Canadian market “and new, reliable business partners worldwide.”
Carney said that his government would use Canadian wood and workers as his promise to build cheap houses. The Build Canada Homes program promised during the election campaign will launch this decline and provide private sector houses to builders up to $ 25 billion in financing.
“We are going to write our story, rather than that they decide to others,” he said.
Carney announced up to $ 700 million and $ 500 million in loan guarantee for forestry companies, in large-scale grants and contributions, millions of people to increase product development and market diversification for the hard-hit industry and re-create wood workers.
