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flag Canada's Prime Minister announces $1.2 billion aid for lumber industry hit by U.S. duties.

flag Prime Minister Mark Carney announced a $1.2 billion support package for Canada's softwood lumber industry, under pressure from increased U.S. duties. flag The funding includes $700 million in loan guarantees for immediate relief and $500 million for long-term support, such as market diversification and product development. flag The move aims to protect the industry from escalating trade tensions and support up to 6,000 workers through training and income supports. flag Carney also plans to boost domestic demand for Canadian lumber through the Build Canada Homes program, aiming to double new home construction in the next decade.

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