Canadian Budget Provides CA$6.5 Billion for Forest Sector Transformation

Posted on November 9, 2026

The Canadian federal government recently announced its 2026 budget, outlining investments aimed at strengthening the country’s economy, competitiveness, and natural resource industries.

The Forest Sector Transformation Strategy will provide CA$6.5 billion (US$4.6 billion) over six years, on a cash basis, to support the transformation of Canada’s forest sector.

The funding will focus on strengthening fiber supply, modernizing facilities, improving productivity, and supporting new large-scale projects and major transformations of existing facilities. These include biorefineries, biofuel facilities, and other operations producing innovative forest products.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.