During the G20 summit, world leaders had protectionism at the top of their discussions. One of the things that raised serious issues was that the tariff barriers imposed on Canadian softwood lumber threaten nearly 22,000 jobs throughout the country.

According to the “Viewpoint” study published by the Montreal Economic Institute, the Canadian producers and the US consumers lost nearly $2 billion and $6.36 billion respectively, after the US producers registered additional net earnings of C$4.63 billion with the tariffs applied following the latest softwood lumber deal.