Name: Canada plans to diversify lumber exports, cut reliance on U.S.
Uploaded: 2025-08-06T18:00:39+08:00
Duration: PT52.8S
Description: Canadian Prime Minister Mark Carney has introduced new measures to overhaul Canada's softwood lumber industry, which sends nearly 90 percent of its exports and two-thirds of its production to the United States. Carney warned that this reliance leaves

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Canadian Prime Minister Mark Carney has introduced new measures to overhaul Canada's softwood lumber industry, which sends nearly 90 percent of its exports and two-thirds of its production to the United States. Carney warned that this reliance leaves Canada vulnerable to U.S. trade policies, drives up domestic lumber prices, and overlooks opportunities in rapidly growing global markets. The plan aims to boost the Canadian market and build stronger trade ties with reliable international partners.