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Softwood Lumber CVD Gap Window *Use With Caution*

Softwood Lumber CVD Gap Window *Use With Caution*

Much fuss was made this week among operators subject to the  Canadian Softwood Lumber AD/CVD Case CVD GAP period. The issue requiring further clarification has to do with the ability of the U.S. Customs Broker to delay filing of a shipment’s “Entry Summary” for ten business days from the time the shipment is “Arrived” at the U.S. Customs Port of Entry.     Madison’s spoke with intrepid US Customs Broker Mike Jones [http://www.joneschb.com] Thursday for an accurate explanation of circumstances. With…

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Canada-US Softwood Lumber Trade: Further Updates

Canada-US Softwood Lumber Trade: Further Updates

Fast on the heals of British Columbia’s new NDP Premier John Horgan’s assertion last week that Canada and the US were “close” to a new softwood lumber trade deal, Canadian Prime Minister Justin Trudeau said on Tuesday he was “very hopeful” of getting a deal with the United States on softwood lumber, which has become an escalating trade dispute ahead of NAFTA talks this month. The two countries must chop down one big, remaining impediment to a deal on softwood…

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Canada-US Softwood Lumber Trade: Further Updates

Canada-US Softwood Lumber Trade: Further Updates

Fast on the heals of British Columbia’s new NDP Premier John Horgan’s assertion last week that Canada and the US were “close” to a new softwood lumber trade deal, Canadian Prime Minister Justin Trudeau said on Tuesday he was “very hopeful” of getting a deal with the United States on softwood lumber, which has become an escalating trade dispute ahead of NAFTA talks this month. The two countries must chop down one big, remaining impediment to a deal on softwood…

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Softwood Lumber Trade Update

Softwood Lumber Trade Update

British Columbia’s new NDP Premier John Horgan said Thursday after talks with Trump administration officials he was hopeful a dispute between Canada and the United States over softwood lumber could be resolved before NAFTA talks begin in mid-August, according to Reuters. Horgan told Reuters he saw no reason why the dispute should be part of the three-way North American Free Trade Agreement (NAFTA) talks between the United States, Canada and Mexico, which begin on August 16. Horgan made the comments…

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British Columbia Lumber Exports: May 2017

British Columbia Lumber Exports: May 2017

Paul Ferley, assistant chief economist of the Royal Bank of Canada said at a briefing on the outlook for the US and Canadian economies and the impact of China, July 20 in Markham, ON. The top Canadian exports to China are resource-based goods such as pulp, paper and paperboard, seeds and beans, wood and wood products, mineral ores, motor vehicles and seafood. China is Canada’s second-largest trading partner in terms of bilateral trade and is second only to the US…

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Canada Building permits: May 2017

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 building permits in May, and every building component increased except institutional structures. The value of residential building permits issued by Canadian municipalities increased +10.8 per…

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Update of Friday’s Softwood Lumber Rumours: More Rumours

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 related to Madison’s this morning that the two representatives met Friday and talked “as always” and “ “surely shook hands. But it wasn’t shaking hands…

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Credible rumours of Tentative Softwood Lumber deal: Canada-US

Credible rumours of Tentative Softwood Lumber deal: Canada-US

A reliable source in Ottawa has conveyed that, although not signed, and subject to further negotiations, Canada’s Christina Freeland and the U.S.’ Wilbur Ross “shook hands” on a ten year Canada – U.S. Softwood Lumber Agreement. The SLA would terminate the present Canadian Softwood Lumber AD/CVD case, and be replaced with volume restrictions in the form of a quota, similar to the 2006 SLA, but without Export Surcharges. Instead of export surcharges, volume violations would involve significant penalties. The exact…

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Canada Residential Construction: April 2017

Canada Residential Construction: April 2017

New housing construction investment totalled $4.6 billion in April, up 8.4 per cent compared with April 2016, said Statistics Canada also Thursday. Eight provinces posted gains, led by Ontario. Nationally, investment increased for every dwelling type. The gain was mostly due to spending on single-family dwellings, up $251.8 million to $2.4 billion. Six provinces posted higher investments in single-family dwelling construction. Ontario was well ahead of the other provinces, with $203.7 million in increased spending, a 22.9 per cent increase…

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US Softwood Lumber Imports: 1Q 2017

US Softwood Lumber Imports: 1Q 2017

Offshore imports of softwood lumber to the US continued to climb in early 2017 after increasing 43 per cent in 2016, according to the Campbell Group’s monthly Timber Trends Thurday. As Canadian producers have shifted their focus to markets outside of the US, attention has turned to the supply side of the US softwood lumber market and more specifically to offshore imports. An increase in ffshore imports is one of the expected supply-side responses to constrained shipments from Canada resulting…

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