The federal government’s 2026 budget includes billions of dollars in proposed investments for Canada’s mining and forestry sectors.
The budget projects $6.5 billion over six years for the forestry sector, including funding for forest management, supply chains and modernization.
That includes $500 million for forest management and fibre supply chains, $2 billion to help businesses upgrade facilities and equipment, and $4 billion for large-scale projects, including biofuel and biorefinery facilities.
Adrian Smith, director of policy at the Ontario Forest Industries Association, said the funding could help the industry develop products that appeal to a wider range of buyers.
“The budget commits some funding to support the forest sector to innovate into new, higher value, value-added forest products,” Smith said.
He said developing those products could help the industry diversify its trade and become less dependent on the United States.
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