{"id":829579,"date":"2026-07-27T17:12:10","date_gmt":"2026-07-27T17:12:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/829579\/"},"modified":"2026-07-27T17:12:10","modified_gmt":"2026-07-27T17:12:10","slug":"ottawa-lends-millar-western-lumber-100m-to-cope-with-tariff-impacts-nanaimonewsnow","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/829579\/","title":{"rendered":"Ottawa lends Millar Western Lumber $100M to cope with tariff impacts | NanaimoNewsNOW"},"content":{"rendered":"<p>\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/07\/1785172330_255_imageRedirect.jpeg\" class=\"object-fit-cover\" alt=\"\"\/><\/p>\n<p>FILE PHOTO. A worker stands near a stack of lumber at a sawmill, in Nanaimo, B.C., on Friday, March 28, 2025. THE CANADIAN PRESS\/Darryl Dyck<\/p>\n<p>By The Canadian Press<\/p>\n<p>\n\t\t\t\tJul 27, 2026 | 8:34 AM\n\t\t\t<\/p>\n<p>OTTAWA \u2014 The federal government is extending a $100-million loan to help a lumber company in Western Canada cope with tariffs and trade uncertainty.<\/p>\n<p>Finance Canada says it\u2019s offering the funds to Millar Western Lumber Products, a company operating three lumber mills across Alberta and British Columbia, to help the company with near-term needs like rebuilding its log inventory.<\/p>\n<p>Canada\u2019s forest sector has been hit directly by steep U.S. tariffs but Finance Canada also says the domestic softwood lumber industry is struggling under the weight of global trade disputes.<\/p>\n<p>Millar is primarily an exporter and employs some 420 workers and supports hundreds more through maintenance and consulting work.<\/p>\n","protected":false},"excerpt":{"rendered":"FILE PHOTO. A worker stands near a stack of lumber at a sawmill, in Nanaimo, B.C., on Friday,&hellip;\n","protected":false},"author":2,"featured_media":829580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194295],"tags":[879,49,48,2467,2461,2468,2460,2462,2463,44,2464,20739,2465,2466,82],"class_list":["post-829579","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ottawa","tag-breaking-news","tag-ca","tag-canada","tag-central-vancouver-island","tag-nanaimo","tag-nanaimo-breaking-news","tag-nanaimo-news","tag-nanaimo-news-now","tag-nanaimonewsnow","tag-news","tag-oceanside","tag-ottawa","tag-parksville","tag-qualicum","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=829579"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/829580"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=829579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=829579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=829579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}