06
Aug
British Columbia (Richa Walia): The federal government’s $1.2 billion relief package for Canada’s struggling forestry sector has received a cautious welcome in British Columbia, where industry leaders stress that long-term solutions must include a new trade agreement with the United States. The announcement, made by Prime Minister Mark Carney in West Kelowna on Tuesday, comes as American import duties on Canadian softwood lumber continue to rise. Under the plan, $700 million will be allocated for loan guarantees to help companies stabilize operations, while $500 million will fund the development of new products and markets. An additional $500 million will support…