Trade minister calls results of review disappointing on both sides of the Canada-U.S. border
Move will reduce production by about 150 million board feet in December and January
Reduction being made to manage inventory levels to current market conditions.
Union not yet sure how many workers affected
Feds file notice under the U.S.-Mexico-Canada trade agreement’s dispute resolution system
Canada has been successful in previous challenges under the North American Free Trade Agreement
Deputy PM didn’t provide specifics about what retaliatory measures might be under consideration
Minister says issues in trade dispute will be appealed again
A two-by-four inch piece of framing lumber that cost $12.65 on June 1 is now selling for $3.95
B.C. industry says American builders, home buyers will pay
Prices for B.C. softwood lumber reached $1,600 for 1,000 board feet compared with about $300 a year ago
U.S. Lumber Coalition says duties a small part of record price
U.S. producers have long taken issue with Canada’s system of provincially regulated stumpage fees
B.C.’s forest industry hasn’t been able to keep pace with the COVID-19 building boom
Terrace manufacturer also gave away pellets
CIBC analyst suggests average U.S. duties to drop from US$67 per thousand board feet to US$30
Former federal minister served as B.C. softwood trade point man