Government of Canada Launches $500 Million in Support for Retooling Canada’s Forest Sector

In August 2025, Prime Minister Mark Carney announced a series of new measures to help Canada’s forest sector transform and remain competitive. These measures will help unlock the full potential of our industry as the federal government scales up housing and major infrastructure construction and drives long-term economic growth, rooted in Canadian resources and innovation.

The Government of Canada is taking the next step to support and retool our forest sector. The Honourable Tim Hodgson, Minister of Energy and Natural Resources, launched a national Calls for Proposals under Natural Resources Canada’s forest sector transformation programs, supported by a $500-million commitment.

Canada’s forest sector is a major economic driver, supporting nearly 200,000 workers, including over 11,000 Indigenous people and contributing more than $20 billion to the GDP.

 

Source: Midland Paper