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Stalling Softwood Lumber Deal Threatens Canadian Sawmill Jobs: Analyst

Posted June 20, 2016


(Ross Marowits – Canadian Press)

Canadian jobs and sawmills across the country are increasingly at risk because of fading prospects they will avoid a new round of U.S. duties on imported softwood lumber, according to an industry analyst.

RBC Capital Markets analyst Paul Quinn says he expects the United States will impose duties of at least 25 percent in mid-2017 and that will put pressure on Canadian producers.

“They’ll be mills shut right across Canada because nobody’s making the kind of money that they’d have to pay in the duties,” Quinn said in an interview.

He expects at least five mills to be affected in British Columbia but declined to say how many sawmills or jobs could be impacted in other provinces. Click here to read more.