Ottawa is putting up $12 million in compensation for residents of Fort McMurray hit hard by drywall duties.
In the midst of rebuilding their homes following last spring’s wildfires, residents were hit by huge duties on drywall coming into Canada from the United States.
The duties were imposed after a trade panel ruled that U.S. companies were dumping drywall in western Canada at cut-rate prices.
Construction companies complained the tariffs made it more expensive to build homes in Canada and hampered recover efforts in Fort McMurray.
Wood Buffalo Mayor Melissa Blake had asked the federal government to offer grants to offset the impact of the drywall duties, noting that the city’s economy was already hurt by low oil prices and layoffs.
Part of the money will also go to builders and contractors in western Canada who had to absorb unexpected higher building costs.