Ottawa provides $30-million loan to Conifex Timber

The federal government has announced a $30-million loan to Conifex Timber Inc. through its Large Enterprise Tariff Loan facility, citing pressure on the forest sector from U.S. tariffs and other trade actions.

Conifex operates a sawmill and bioenergy plant in Mackenzie, British Columbia. Finance Canada says the company supports 260 direct jobs and exports most of its products to the United States.

Tariff facility expanded

The loan would be provided by the Canada Enterprise Emergency Funding Corporation. Ottawa says recent changes to the facility allow liquidity support covering up to 36 months of a company’s needs and loan terms of up to 15 years.

The announcement identifies the financing amount and program, but it does not disclose a repayment schedule or interest rate. It also describes the support as a loan, not a grant.

Source: Department of Finance Canada, news release, September 18, 2026.

Illustrative lumber photo by Sarah Worth via Unsplash; cropped/resized. It does not show Conifex’s Mackenzie facility.