Prime Minister Carney announces new measures to transform Canada’s softwood lumber industry

August 5, 2025

Today Prime Minister, Mark Carney announced a series of new measures to help the softwood lumber industry transform to remain competitive. These measures will help unlock the full potential of the industry as we scale up housing and major infrastructure construction and drive long-term economic growth, rooted in Canadian resources and innovation.

These new measures will:

Provide up to $700 million in loan guarantees
Invest $500 million to supercharge product and market diversification
Build Canadian by prioritizing Canadian materials in construction and changing federal procurement processes
Diversify international markets
Provide $50 million for upskilling, reskilling, and income supports

Please visit this link for more information: https://www.pm.gc.ca/en/news/news-releases/2025/08/05/prime-minister-carney-announces-new-measures-transform-canadas

Topic(s)

Hot topics

U.S. Tariffs and Canadian Retaliatory Surtax

Security and Trade Facilitation Programs

International Trade and Border Management

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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