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Summer 2017

Forestry sector sees opportunities in budget
The Forest Products Association of Canada (FPAC) sees some opportunities for Canada’s forest products sector in March’s federal budget.

In the budget tabled by Finance Minister Bill Morneau, he earmarked:

$1.8 billion to support clean technology. It’s critical that the forest products sector is central to Canada’s clean tech strategy. These investments will help our sector develop environmentally friendly products in areas of bio-fuels and bio-materials, while helping reduce carbon in the atmosphere.

$40 million over four years – starting in 2018 – to support projects to increase the use of wood in buildings and infrastructure. This is an important program to support the use of sustainably sourced Canadian wood and since wood stores carbon, and a great way to further address climate change.

$5 billion from the Canadian Infrastructure Bank to support improved trade and transportation corridors. This is important as we are a sector heavily-dependant on reliable transportation infrastructure and a strong export sector.

$1.8 billion for programs to support youth employment, post-secondary education placements and Indigenous skills training; also includes measures to support skills upgrading. Ensuring the right workers with the right skills at the right time is key to future success.

“Today’s budget made significant commitments to innovation. We now must work with the federal government on specifics to ensure that our sector can capitalize on these investments,” says Derek Nighbor, FPAC CEO. “Like many other business sectors in Canada, we are not immune to the potential negative economic impacts of trade uncertainty south of the border. We need a strong continued partnership with the federal government to ensure we can remain competitive and continue to employ over 230,000 Canadians living in over 200 rural and northern communities across the country.”

 

Summer 2017 News:
• First Nations sign Shared Territory Protocol Agreement
• Forestry, Paper, and Packaging M&A activity off to a strong start in ‘17
• Forestry sector sees opportunities in budget
• Deloitte and NORCAT partner to explore future of mining technology
• Vale shutters Sudbury mine
• Callinex completes drilling at Pine Bay 
• EACOM announces full acquisition of Anthony-EACOM

• Noront and First Nation sign advanced agreement
• Cementation Canada Big Winner at #DisruptMining
• Forest sector partners with Canada’s municipalities
• Vale closing Birchtree Mine
• Increase lumber imports from overseas in 2017
• Forestry industry applauds Ottawa’s response to softwood duties
• TMAC Resources announces commercial production at Doris Mine and Mill
• Multiple high-grade lithium pegmatites intersected at Ontario’s Mavis Lake Project

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