KELOWNA — Prime Minister Mark Carney said Tuesday the federal government will grant a series of financial aid measures to Canada’s forestry sector.

Carney is promising an aid package for the industry that includes $700 million in loan guarantees and $500 million for long-term supports to help companies diversify export markets and develop their products.

The move comes as the U.S. ratchets up duties on Canadian softwood lumber as bilateral trade tensions rise.

The U.S. Commerce Department recently announced it intends to hike anti-dumping duties on Canadian softwood to just over 20 per cent.

That’s a marked increase since the last time the U.S. reviewed the rate, which previously was just over 7 per cent.

Carney also says the government will introduce a training program for workers wh

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