Harper announces 1B Community Development Trust for distressed regions
Federal funds will flow under a 1 billion Community Development Trust aimed at helping resource communities and workers. Provinces will administer their share, with B C receiving about 129 million. Uses include retraining, development projects, and research into new wood waste uses. Outcome depends on Budget 2008 approval and provincial negotiations.
MENTIONED IN THIS ARTICLE
Stephen Harper
B.C
Harper
Community Development Trust
Production cutbacks hit BC mills amid weak prices and strong dollar
Tembec will shorten weeks at Elko and Canal Flats sawmills in southern British Columbia for three weeks over the next three months as part of a 1.2 billion recapitalization. Ainsworth plans OSB plant shutdowns including 100 Mile House February 11 to 19, impacting over 2,000 northern British Columbia workers. Other firms Canfor AbitibiBowater Hampton West Fraser and Pope Talbot also reduce output amid falling lumber and OSB prices, a rising Canadian dollar and a 15 percent U.S. export tax.
MENTIONED IN THIS ARTICLE
Prince George More
Tembec
Elko and Canal Flats
B.C
Chetwynd
Prince George
Ainsworth
Oriented Strand Board
OSB
100 Mile House
Canfor
AbitibiBowater
Hampton Affiliates
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