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March 30, 2012 - Media Release

Federal Budget Demonstrates Support for Forest Sector Transformation

Québec City, March 30, 2012 – The Quebec Forest Industry Council (QFIC) lauds the efforts of the Government of Canada, as set out in the budget tabled by Finance Minister Jim Flaherty, to maintain programs supporting forestry innovation and market development. The Economic Action Plan 2012 has earmarked $105 for both programs over the next two years.

 

“The Canadian economy – like the country’s forest industry – has demonstrated considerable resilience over the last several years, and the position adopted in Minister Flaherty’s budget reflects that reality. It recognizes the importance of the forest sector for Canada and Quebec as well as the need to support the industry in its transformation efforts,” emphasized Mr. André Tremblay, the QFIC’s Chief Executive Officer.

 

“At the same time, it comes as a disappointment that the federal budget does not contain financing tools similar to those outlined in the provincial budget and that would enable companies to move forward with promising projects,” declared Mr. Tremblay.

 

The QFIC recognizes that the federal government has nevertheless made a step in the right direction, showing its willingness to support the forest sector in leveraging innovation and market development in its transformation process.

 

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About the QFIC
The QFIC is the voice of Québec's forest industry. The QFIC numbers more than 160 regular members operating in the softwood and hardwood lumber, veneer, pulp, paper, cardboard and panel sectors of Québec. Each year, these companies generate $12.9 billion in business and close to $4 billion in wages and benefits, of which nearly $1.5 billion is returned to governments in the form of taxes paid by companies and workers.

Source: Laurence Drouin
Assistant Director, Communications
Communications and Public Affairs
Quebec Forest Industry Council (QFIC)
418-657-7916, ext. 411
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