Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Softwood Lumber Aid Package Likely To Go To Cabinet

Posted May 16, 2017

Under Economic Issues, International Trade Issues

(Susan Lunn – CBC News)

The federal government’s aid package for the softwood lumber industry is expected to go before cabinet Tuesday for final approval.

Sources tell CBC News the package will contain a “substantial” envelope of money — just under a billion dollars — to help the sector struggling to cope with new tariffs recently imposed by the U.S. Department of Commerce.

Sources, speaking on a not for attribution basis because they were not authorized to speak publicly, said the aid package will likely include money for employment insurance (EI) benefits for workers in affected regions.

It will also contain funds to help companies innovate, including transitioning into other value-added products, rather than simply exporting raw lumber. Click here to read more.

Related: Lumber Producers Face Increasingly Dangerous Walk in the Woods (Business in Vancouver)