Saskatchewan-based furniture manufacturer receives license to Sask. timber
The Ministry of Energy and Resources approved a timber allocation for Saskatchewan-based Pivot Furniture of 101,000 cubic metres.
"It is exciting that the Government of Saskatchewan is supporting the circular economy with this timber allocation," Pivot Co-Founder Brendon Sled said.
"This is a major signal for climate tech companies to consider investing in Saskatchewan."
Pivot is a Saskatchewan-based tech company with furniture design centres in Prince Albert and Saskatoon. The company says this allocation will help create more forestry jobs for the region.
The province's website says the volume-based supply license is given to large forest companies, and small forestry businesses with sound business plans for timber use.
“The Government of Saskatchewan is committed to promoting a strong and competitive forestry sector,” said the Minister of Energy and Resources Jim Reiter.
Between 2021 and 2024, the sector is expected to spend nearly $1 billion in capital investments and create 3,100 direct and indirect jobs.
The forestry sector currently supports nearly 8,000 direct and indirect jobs, with Indigenous people making up 27 per cent of the total forestry workforce.
More than half of Saskatchewan is covered in forests, with 97 per cent of those on provincial Crown Land.
CTVNews.ca Top Stories
'Anything to win': Trudeau says as Poilievre defends meeting protesters
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Pilot reported fire onboard plane carrying fuel, attempted to return to Fairbanks just before crash
One of the two pilots aboard an airplane carrying fuel reported there was a fire on the airplane shortly before it crashed and burned outside Fairbanks, killing both people on board, a federal aviation official said Wednesday.
'One of the single most terrifying things ever': Ontario couple among passengers on sinking tour boat in Dominican Republic
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
7 surveillance videos linked to extortions of South Asian home builders in Edmonton released
The Edmonton Police Service has released a number of surveillance videos related to a series of extortion cases in the city now dubbed 'Project Gaslight.'
Ukraine uses long-range missiles secretly provided by U.S. to hit Russian-held areas, officials say
Ukraine for the first time has begun using long-range ballistic missiles provided secretly by the United States, bombing a Russian military airfield in Crimea last week and Russian forces in another occupied area overnight, American officials said Wednesday.
Manitoba government tables bill to end ban on homegrown recreational cannabis
Manitoba is planning to lift its ban on the home growing of recreational cannabis.