B.C. defers stumpage fees to help forestry industry through coronavirus crisis

The government says the fee deferral leaves eligible companies with about $80 million to pay employees, contractors and other bills.

B.C.’s forest industry was struggling prior to the pandemic; hundreds of workers had been laid off and numerous mills had closed in the Interior due to high operating costs and low timber prices. Forests Minister Doug Donaldson says the deferral may help some companies get back to work sooner and could save other firms from shutting down completely.

Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the day’s most important headlines.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Streamed films to be eligible for Oscars next year as coronavirus upends industryOscars eligibility has been a major question since stay at home and physical distancing orders led to both the cancellation of major film festivals and the closure of movie theatres
Source: globeandmail - 🏆 5. / 92 Read more »