As announced by Minister of Industry Mélanie Joly, the Business Development Bank of Canada (BDC) will make it easier for the country’s softwood lumber businesses to access to $700 million in new term loans or letters of credit through their primary financial institution. The $700 million program is part of a broader Government of Canada initiative to help the sector, and was designed after discussions with companies, industry associations, and financial institutions to determine how financing options could help address the needs of softwood lumber businesses. As a result of these discussions, BDC will provide guarantees ...
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