Slowdown in do-it-yourself home projects weakens lumber markets
Lower-than-expected housing starts in Canada and the United States have also eroded lumber demand
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Lower-than-expected housing starts in Canada and the United States have also eroded lumber demand
The forest sector in B.C. may have shrunk dramatically over the past 20 years, but it remains an important pillar of the economy, providing one out of every six manufacturing jobs in B.C., according to an economic impact study released by the B.C. Council of Forest Industries (COFI).
The federal government is lashing out at the U.S. Commerce Department over plans to raise duties on Canadian softwood lumber.
International Trade Minister Mary Ng says the U.S. has signalled it intends to raise duties to 13.86 per cent, up from 8.05 per cent.
The federal government is lashing out at the U.S. Commerce Department over plans to raise duties on Canadian softwood lumber.