Overview

• The federal plan offers up to C$700 million in loan guarantees to help forestry firms secure financing and restructure operations under rising US duties.
• A C$500 million fund will back product development, market diversification—including new Asia-focused export drives—and Indigenous-led forestry ventures.
• Under the Build Canada Homes strategy, federal procurement rules will favor Canadian softwood to support a goal of 500,000 new housing starts annually by 2025.
• The package allocates C$50 million for upskilling and reskilling programs to assist over 6,000 affected forestry workers with training and income support.
• Provincial governments and industry groups are mobilizing to implement these measures as upcoming CUSMA trade talks offer a window to secure longer-term tariff relief.