The Canadian federal government is providing a $100-million loan to Millar Western Lumber Products to help the company navigate the financial strain of ongoing trade barriers with the United States.
Finance Canada confirmed the facility is designed to support the British Columbia-based producer as it manages cash flow and operational costs under heightened uncertainty.
The move underscores the severity of the impact from the US-imposed 50% tariffs on a broad range of Canadian imports, including softwood lumber.
The move underscores the severity of the impact from the US-imposed 50% tariffs on a broad range of Canadian imports, including softwood lumber.
The trade dispute has escalated sharply, with Washington citing alleged discrimination against US industries as justification for the punitive measures.
For Canadian timber exporters, the tariffs have effectively priced many out of their largest market, forcing a rapid reassessment of supply chains and revenue models.
Millar Western is among the most exposed producers to the US market, making the government intervention a critical lifeline.