Prime Minister Mark Carney unveiled new federal measures to support Canada's softwood lumber industry as it faces rising U.S. tariffs.

The U.S. has finalized an increase in anti-dumping duties on Canadian softwood lumber, raising the rate to 20.56 per cent.

A 25 per cent tariff on Canadian imports would further erode housing affordability in the United States, warn advocates for that country’s residential development industry.

The World Trade Organization agreed with Canada that the U.S. conflated wholesale and retail electricity rates to arrive at its supposition that B.C. and Quebec hydro utilities overpaid for biomass power.