Canada’s softwood industry and Thursday’s support package, by the numbers
OTTAWA — The federal government announced a support package Thursday worth $867 million to help the lumber industry cope with and adjust to the impact of U.S. tariffs on Canadian softwood. That package, and the industry more broadly, by the numbers:
$605 million: Total value of loans and loan guarantees, announced Thursday, that will be made available from the Export Development Bank of Canada and the Business Development Bank of Canada
$260 million: Value of three-year funding plan for programs to diversify markets and invest in technology and innovation in the forestry sector.
$22 billion: GDP contribution from Canada’s forest industry in 2016