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Federal Boost Saves Alberta Pulp Mill | Canada News
Description
A $20 million federal boost is saving Alberta’s Mercer Peace River Pulp Mill from shutdown, helping it modernize equipment, boost efficiency, and pivot to higher-profit pulp production—just as U.S. tariffs threaten the entire forestry sector. With layoffs looming in communities like Peace River, where the mill employs hundreds, Ottawa’s move signals a fight to protect jobs and industry resilience. The funding comes with a twist: the company must repay $19 million starting in 2031—and it’s part of a broader strategy to shield Canadian businesses from trade wars.
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