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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Price analysis and info / Sawmilling / Wood Products / Global / North America
February 6, 2020

Canadian lumber giants’ shares rise on news that the U.S. will greatly reduce softwood lumber duties

Canadian lumber giants’ shares rise on news that the U.S. will greatly reduce softwood lumber duties
  • News that the U.S. could reduce duties on Canadian softwood lumber, have increased the Canadian lumber companies' shares;
  • Canfor Corp. stock rose as much as 7.5 per cent, West Fraser Timber Co. Ltd. jumped by 6.2 per cent and Resolute Forest Products Inc. was up three per cent;
  • In its preliminary assessment of most Canadian producers, the Commerce Department pegged the combined anti-dumping and countervailing rate at 8.21 per cent, down from 20.23 per cent levied more than two years ago.

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