New Brunswick’s forestry industry is feeling the pain of U.S. tariffs and the difficult economic environment, leading stakeholders to say Ottawa’s $500 million in support isn’t enough.

Prime Minister Mark Carney announced supports for the softwood lumber and steel sectors Wednesday amid an ongoing trade war with the United States.

Among the protections, Carney announced $500 million to further support the Softwood Lumber Guarantee Program, which provides companies with government-backed loans.

The loan guarantee will “ensure that companies have the financing and the credit support that they need to maintain and restructure their operations during this period of transformation,” Carney said.

The announcement also includes a new Canadian Forest Sector Transformation Task Force that wil

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