Federal Industry Minister Mélanie Joly said financial relief is coming soon for Canada’s tariff-struck softwood lumber sector.
The minister said in Fredericton Wednesday the government will provide funding through banks, backstopped by the Business Development Bank of Canada, in the “coming days.”
“That’s for supporting, right now, our businesses to make sure that they stay afloat,” Joly said. “Meanwhile, we will make sure that we work on a bi-Canadian policy to have our homes and our major projects and our infrastructure being built with the great softwood from New Brunswick.”
While the vast majority of Canadian trade with the U.S. is exempted from tariffs because of the Canada-U.S.-Mexico Agreement, U.S. President Donald Trump has targeted the steel, aluminum, auto, energy and lumber