The US Dept of Commerce reduced softwood duties on most Canadian producers after Administrative Review. Here are some of the reactions:
- US lumber duties ‘unfair,’ ‘unjustified’ (Mary Ng, Canadian Trade Minister)
- A step in the right direction (Susan Yurkovich, BC Lumber Trade Council)
- Resolute singled out for higher rates (Brent Jang, Globe and Mail)
- Affirms that Canadian lumber is heavily subsidized (Zoltan van Heyningen, US Lumber Coalition)
- Provides much needed relief but duties still unjustified (John Horgan, BC Premier)
- Canadian lumber stocks move up, BC cost curve improves (Carl Surran, Seeking Alpha)
In other Business news: Paper Excellence to restart Catalyst paper mill; Store Enso receives CLT approval for the US; BC contractors make progress on logging rates; US home prices climb 3%; and the coming hot banana (per Madison’s) for lumber sales and prices. Elsewhere: moose protests in Nova Scotia; and a new community forest for Golden, BC.
Finally, a happy and safe Thanksgiving wish to all our US readers.
Kelly McCloskey, Tree Frog Editor