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Rayonier Advanced Materials to Buy Tembec
In a stunning move sure to overjoy shareholders, Montreal, QC’s, Tembec Thursday announced it is entertaining a takeover bid by Rayonier Advanced Ma- terials, based out of Jacksonville, FL. Tembec is selling to Rayonier for $4.05 a share in cash or the equivalent in Rayonier shares. The $320-million offer, which also includes the assumption of…
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Latest Softwood Lumber Dispute Rumblings
The federal government’s aid package for the Canadian softwood lumber industry is expected to go before cabinet Tuesday for final approval. Also, after newly appointed US Trade Representative Robert Lighthizer said this week that he hoped the issue could be resolved before the formal start of negotiations on the trilateral NAFTA trade agreement, according to…
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IMM Information Notice 17-IMM-001, Recommendation for Processing Entries Subject to the Canadian Softwood Lumber Countervailing Duty (CVD) Case C122-858
More excellent word from Madison’s very worthwhile source on the development of new softwood lumber duties for Canadian exporters shipping into the US: US Customs Brokers are instructed to revise all entries of Canadian softwood lumber captured by the present Canadian Softwood Lumber CVD Case facilitated on or after January 28, 2017 to type 03…
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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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New USTR Appointment Passes Senate
One of many, many outstanding questions on the new Canada-US softwood lumber dispute was answered Friday morning when the US Senate approved US President Donald Trump’s appointment of US Trade Representative. The upper chamber voted with a large bipartisan majority Thursday to approve Robert Lighthizer, which gives the administration its U.S. trade representative and allows…
