Canadian Lumber Executives Press Softwood Deal With U.S.
Canadian lumber and government officials told the U.S. trade representative that any new softwood lumber agreement must reflect the differences in forestry regimes across the country. The chief executives of 10 lumber producers and Canadian International Trade Minister Chrystia Freeland met in Toronto with Michael Froman.
Resolute CEO Richard Garneau declined to provide details of what was discussed but said he conveyed that changes to Quebec’s forestry regime means the province should have free and open access to the U.S. market, said spokesman Seth Kursman.
The Canadian government says it continues to negotiate and explore all possible approaches. Alexander Lawrence, a spokesman for Freeland, says Canada has indicated that any agreement must reflect “the realities of our softwood lumber sector, including differences in communities across Canada.”
Attending the meeting also were the chief executives of Canfor, West Fraser, Interfor, Tembec, J.D. Irving, EACOM, Tolko, MLTC Industrial Investments and Kalesnikoff Lumber.
The meeting took place a week before the expiry of the 2006 softwood lumber agreement and a one-year standstill period that is expected to push the U.S. to begin the process of imposing tariffs on Canadian lumber imports. U.S. producers could then start petitioning Washington to impose new duties on Canadian softwood in about six months that could result in mill closures and layoffs in Canada.
From macleans.ca.
Latest News
International Forest Products To Acquire Tolleson Ilim Lumber
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Canada’s International Forest Products Ltd. agreed Sunday to acquire Tolleson Ilim Lumber Co. from Russia’s Ilim Timber Continental SA for $180 million, including working capital, in a deal that would make…
400 Issues And Counting
Story by Rich Donnell, Editor-in-Chief Okay, it’s obvious when you look at the accompanying photo of our current editorial team that some of these editors aren’t old enough to have made much of a dent…
Canfor Q4 Profit Rises On Lumber Price Gains
Canadian forest products company Canfor Corp. posted a higher fourth-quarter profit on Wednesday, boosted by strong lumber prices as well as an increase in pulp production and shipments. Net income attributable to shareholders rose 31…
U.S. Hardwood Lumber Markets Continue To Build Momentum
The Weekly Hardwood Review Leading Hardwood Demand Indicator (LHDI)—a forecast of future demand for U.S. hardwood lumber based on residential and commercial construction, import/export trends, inflation levels, and job markets—trends up to 117.8 in February…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.