A Toronto-based forestry group is calling on the federal government to support the country’s forestry industry in the wake of newly-imposed U.S. sanctions on softwood lumber exports. On Monday, the U.S. Commerce Department announced duties of up to 24 per cent on softwood lumber imports from Canada, alleging the Canadian industry is subsidized. “These unjust,…
Canada’s forest industry felt the slap of the countervailing duties they were bracing for late Monday, with confirmation out of Washington that a U.S. Commerce Department investigation has once again concluded that softwood lumber imports are unfairly subsidized. Canadian lumber imports are expected to face new duties ranging from three to 24 per cent, starting next…
Canada’s forest industry has transformed itself into one of the most innovative sectors of our economy, investing in research, developing new products and expanding its markets as it also sets the pace on environmental performance. Hundreds of thousands of Canadian workers and their local communities depend upon this industry’s continued success to support good middle-class…
Asian equities advanced on Tuesday as the return of risk appetite following a centrist victory in the first round of the French presidential election lifted several regional markets to multi-year highs, while the euro retained most of its overnight gains. Safe-haven assets, including the yen and gold remained under pressure, while the Canadian dollar fell…
Tension surrounding the latest softwood lumber showdown between Canada and the United States is not just limited to the lumber industries in the two nations. As Canada’s lumber companies brace for the expected announcement Tuesday of new import tariffs on Canadian softwood heading into the United States, internal battles within the Canadian industry may prove…
U.S. Commerce Secretary Wilbur Ross stood beside Donald Trump as the U.S. president called Canada’s actions against American trade interests “a disgrace.” “That also includes what’s happening along our northern border states with Canada, having to do with lumber and timber,” he said, a vague snark that swivelled heads on both sides of the border. The testy trade in two-by-fours wasn’t expected…
The company operating a train that derailed and killed three people in a northern Vancouver Island community stopped business Friday out of respect for the families of the victims. Two people were killed Thursday in Woss, B.C., and RCMP Cpl. Tammy Douglas confirmed Friday that a third victim died after being transported to hospital. Police…
A union representing logging workers says mechanical failure, not human error, is being blamed for the forestry train derailment in Woss that killed three people and injured two. The train, carrying a large load of logs, somehow rolled away from the reload yard and collided into a rubber-tired backhoe and railway maintenance car where the…
B.C. Liberal Leader Christy Clark blitzed through the Cariboo region Friday, trying to reassure sawmill workers that their jobs will be safe, even though a nasty trade battle is brewing with the United States. The U.S. is expected to announce early next week whether duties will be imposed on Canadian softwood lumber. “We’re going to…
The provincial government is asserting its support for the New Brunswick softwood lumber industry the week before a preliminary determination is expected from the United States Department of Commerce on their countervailing duty investigations of imports of certain softwood lumber products from Canada. Preliminary antidumping duty determinations are due later in June. “Our government was…