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ID 14102302 © Chris Hellyar | Dreamstime.com (Image Credit: ID 14102302 © Chris Hellyar | Dreamstime.com)
Federal government

$6.5 billion in support coming to Alberta’s forestry sector

Nov 12, 2026 | 1:53 PM

During a $22 billion announcement on federal affordability measures, Energy and Natural Resources Minister Tim Hodgson discussed Alberta’s forestry sector.

Hodgson said that it’s a sector “that is really challenged right now,” as they face “its fifth version of a trade war with the United States.”

He added that this funding includes $6.5 billion for Aberta forestry that will be used to “help transform the sector.”

“For Northern Alberta, that’s a really important initiative.”

In the third quarter, three major forestry companies operating in Alberta reported losses.

Canfor reported a $88.2 million loss and closed it’s Fox Creek mill in September; West Fraser saw a loss of $80 million and announced that they stopped “production indefinitely at an OSB plant in Alabama and a lumber mill in Arkansas.” Interfor Corp. reported a $45.6 million loss due to rising lumber prices in the regions where it operates.

Anyone seeking more information on the state of Canada’s forestry sector, funding programs, support, and more, can visit the federal government’s natural resources website.