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Canada Building permits: May 2017
Canadian municipalities issued $7.7 billion worth of building permits in May, up +8.9 per cent from April and the third highest value on record, according to Statistics Canada Thursday. The national increase was mainly the result of higher construction intentions for residential buildings, particularly in Ontario. Seven provinces registered gains in the total value of…
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Update of Friday’s Softwood Lumber Rumours: More Rumours
A very good source to Madison’s in Québec has stated this morning that: “ U.S. Commerce Secretary Wilbur Ross and the US side proposed, in their latest discussions with Canada’s Foreign Minister Chrystia Freeland – source in the Canadian industry that spoke with Chrystia Freeland’s office Friday. A source close to the US Lumber Coalition…
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Canada Building Permits: March 2017
The value of building permits issued by Canadian municipalities fell 5.8 per cent to $7 billion in March, marking a second consecutive monthly decrease, said Statistics Canada May 9. Nationally, the decline was mainly the result of lower construction intentions for multi-family dwellings, particularly in British Columbia and Ontario. All provinces and territories, except Ontario…
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US Softwood Lumber Duty 2017: Complete Confusion
Operators are suffering total bewilderment as US Customs and Border officials can not provide clarity on vital details of application of the new softwood lumber duties to entry waybills and pro-forma invoices. An experienced US customs broker, a good source for Madison’s, upon finally speaking to decision-makers at the US Commerce Department last week about…
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Canada Considers Retaliatory Trade Actions Against the Latest US Softwood Lumber Duties
BREAKING NEWS MID-DAY FRIDAY: The Canadian government has found several Oregon business-assistance programs it says may constitute illegal subsidies. It is considering a process that could lead to retaliatory duties on imports from that state’s products, such as plywood, flooring, wood chips, packaging material and wine, according to several mainstream news sources mid-day Friday. Prime…
