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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…
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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…
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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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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…
