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"Our economic interaction with the US is balanced, diversified and technologically rich. It is generally in good shape,"Putin said at the Russia-US Business Dialogue, which is taking place during the St. Petersburg International Economic Forum.
Package includes up to C$605 million in loans and loan guarantees for companies, C$45 million to reach new markets, C$118 million in innovation funding for firms, C$9.5 million funding for those who lose jobs, C$80 million in training, C$10 million for indigenous resource development.
The help includes C$260 million to help diversify the market base for Canadian lumber products, improve the efficiency of indigenous forestry initiatives and extend work-sharing agreement limits to minimize layoffs.
The money also includes measures to support workers who want to upgrade their skills and transition to a different industry.
Cabinet discussed the options for a package last month, but the federal government wanted more input from the provinces via the special working group Carr established in February.

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