Finance Canada announces $100 million loan to Millar Western Forest Products

Canada's Department of Finance announced on July 27, 2026, a $100 million loan to Millar Western Forest Products Ltd. through the Large Enterprise Tariff Loan (LETL) facility, which the government says will give the company flexibility to rebuild its log inventory and adapt to market conditions. Millar Western produces hardwood and softwood pulp at three mills in Slave Lake and Whitecourt, Alberta, and Quesnel, British Columbia, and employs more than 420 full-time workers. The department cites ongoing U.S.-China trade disputes and weak market conditions for softwood lumber, pulp and other forest products.