Softwood Lumber Duties Finalized: What Investors Need to Know

By David Jagielski
The Motley Fool Canada
November 9, 2017
Category: Business & Politics
Region: Canada, United States

Last week, the U.S. Commerce Department announced what the final duties would be on softwood lumber imported from Canadian producers. Although the rates decreased from the high preliminary rates that were announced earlier this year, the duties still remain high. Canfor Corporation  saw its rate drop from 27.98% to 22.13%, while West Fraser Timber Co. Ltd. remained saddled with the highest duty of 23.70%, which is down from 30.88%. Aside from a few companies, Canadian softwood lumber producers did see the final duties come in lower than the preliminary ones. The U.S. International Trade Commission ultimately will have to approve these duties, and a decision is expected mid-December.

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