November 26, 2025
Updates to the Large Enterprise Tariff Loan (LETL) facility to support the softwood lumber industry
Toronto, November 26, 2025 – The Government of Canada announced that $500 million of the $10-billion Large Enterprise Tariff Loan (LETL) facility will be earmarked to support softwood lumber firms experiencing liquidity pressures. This measure will help ensure that companies in the sector can maintain operations and navigate the financial impacts arising from ongoing tariff challenges.
This measure is part of a broader suite of federal actions introduced today to protect and transform the Canadian industries that are most affected by U.S. tariffs.
“By enhancing access to liquidity for the softwood lumber industry, LETL is an important source of stability for a strategic sector for Canada,” says Elizabeth Wademan, President and CEO of Canada Development Investment Corporation, the parent company of Canada Enterprise Emergency Funding Corporation (CEEFC). “We value the Government of Canada’s trust in our role supporting industries that are vital to Canada’s economy.”
For reference:
News release from the Prime Minister of Canada on November 26, 2025