Finance Canada provides $60 million loan to Arbec Bois d'œuvre through Large Enterprise Tariff Loan facility

Canada's Department of Finance announced that the federal government is providing a $60 million loan to Arbec Bois d'œuvre Inc. through the Large Enterprise Tariff Loan facility. The funding is intended to help the softwood lumber producer maintain operations, transition to a business model less reliant on the United States, and limit disruption to its workforce. Arbec operates eight plants in Saguenay-Lac-Saint-Jean, Mauricie and Côte-Nord and employs nearly 800 people.