{"id":145712,"date":"2026-07-27T19:32:51","date_gmt":"2026-07-27T19:32:51","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/145712\/"},"modified":"2026-07-27T19:32:51","modified_gmt":"2026-07-27T19:32:51","slug":"ottawa-lends-millar-western-lumber-100m-to-cope-with-tariff-impacts-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/145712\/","title":{"rendered":"Ottawa lends Millar Western Lumber $100M to cope with tariff impacts"},"content":{"rendered":"

<\/a> FILE PHOTO. A worker stands near a stack of lumber at a sawmill, in Nanaimo, B.C., on Friday, March 28, 2025. THE CANADIAN PRESS\/Darryl Dyck – The Canadian Press <\/p>\n

OTTAWA \u2014 The federal government is extending a $100-million loan to help a lumber company in Western Canada cope with tariffs and trade uncertainty. <\/p>\n

Finance Canada says it’s offering the funds to Millar Western Lumber Products, a company operating three lumber mills across Alberta and British Columbia, to help the company with near-term needs like rebuilding its log inventory. <\/p>\n

Canada’s forest sector has been hit directly by steep U.S. tariffs but Finance Canada also says the domestic softwood lumber industry is struggling under the weight of global trade disputes. <\/p>\n

Millar is primarily an exporter and employs some 420 workers and supports hundreds more through maintenance and consulting work. <\/p>\n

Ottawa says the loan will help the company protect those jobs and adapt to changing market conditions. <\/p>\n

Millar is one of just a handful of companies which have received money through Ottawa’s Large Enterprise Tariff Loan facility \u2014 a $10-billion fund that’s also helping Ontario’s Algoma Steel retool its products away from customers in the United States. <\/p>\n

This report by The Canadian Press was first published July 27, 2026. <\/p>\n

The Canadian Press <\/p>\n","protected":false},"excerpt":{"rendered":"FILE PHOTO. A worker stands near a stack of lumber at a sawmill, in Nanaimo, B.C., on Friday,…\n","protected":false},"author":2,"featured_media":145713,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[29765,47516,47515,61,989],"class_list":["post-145712","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ottawa","tag-finance-canada","tag-lumber-company","tag-millar-western-lumber-products","tag-ottawa","tag-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/145712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=145712"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/145712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/145713"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=145712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=145712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=145712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}