The province has also appointed three youth advisors to raise awareness of the skilled trades among elementary and high-school students.

Ontario’s share of the $2 billion announced by the federal government comes to just over $763 million. Payments will be made in the fall and early next year.

The latest forecast from the Conference Board of Canada suggests the provinces’ economies will recover at different rates over the course of the next year to 18 months.

The new Etobicoke school will be located on a former Toronto District School Board site on Allanhurst Drive, and feature space for 600 students.

The move unites two of the province’s largest lumber companies at a time when demand for the product has never been higher, inventory levels are low, and logistics are strained.