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Canada to help lumber industry cope with US tariffs, says Carney

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada to help lumber industry cope with US tariffs, says Carney teaser image

OTTAWA, Aug 5 (Reuters) - Canada will provide up to C$1.2 billion to help softwood lumber producers deal with U.S. countervailing and anti-dumping duties, Prime Minister Mark Carney said on Tuesday.

Carney, speaking to reporters in the Pacific province of British Columbia, said Ottawa would make up to C$700 million available in loan guarantees and also provide C$500 million to help speed product development and market diversification.

((Reporting by David Ljunggren, editing by Promit Mukherjee))

(Reuters Ottawa editorial; david.ljunggren@tr.com, opens new tab))

Keywords: USA TARIFFS/TRUMP CANADA

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