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Quebec to offer lumber companies loan guarantees even without Ottawa

Dec 8, 2016 | 1:30 PM

Quebec has committed to providing loan guarantees to companies adversely affected by the softwood lumber dispute with the United States, even if the federal government doesn’t come on board.

Premier Philippe Couillard confirmed the establishment of a system, if necessary, in response to a question Thursday from Opposition leader Jean-Francois Lisee.

During Question Period, the premier said his government would act as required to offset real damage caused to companies, regardless of Ottawa’s participation.

The province has already asked Ottawa to set up loan guarantees, but Couillard had not previously indicated he would act unilaterally if the federal government refused to participate.