ANNOUNCED AS TEMPORARYNo
Responding to the threat of countervailing duties imposed by the United States, the government of Canada announced on June 1, 2017 a Can.$867 million (U.S.$654 million) assistance plan for the country’s forest sector. Unveiled by Natural Resources Minister Jim Carr, the package includes expanded loan guarantees, financing support, and employment-insurance. The largest component of the package is up to Can.$605 million (US$458 million) in loans and loan guarantees provided by the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).
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