Financial support for Canada’s softwood lumber sector can be expected soon, the federal industry minister told a Fredericton business group on Wednesday.
Support the prime minister promised in face of tariffs has yet to come about
Jordan Gill · CBC News
· Posted: Oct 15, 2025 3:38 PM EDT | Last Updated: 2 hours ago
Federal Industry Minister Mélanie Joly says support for the softwood lumber sector will take different forms. (CBC)
Financial support for Canada’s softwood lumber sector can be expected soon, the federal industry minister told a Fredericton business group on Wednesday.
Mélanie Joly said the support will include funding that will be distributed from banks but backed up by the Business Development Bank of Canada.
In August, Prime Minister Mark Carney promised $1.25 billion for the sector, but that money has yet to be distributed.
While Joly didn’t specify how much money the New Brunswick industry can expect, she told the Fredericton Chamber of Commerce the amount will be based on need.
She also said the funding would take different forms.
WATCH | Industry minister defends Ottawa’s support for softwood lumber industry:
Money for embattled softwood lumber industry coming soon, minister says
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