N.B. holds firm on royalty rates on Crown timber as Alberta, B.C. raise rates again

West Fraser Timber Co. Ltd, Canada's largest lumber manufacturer, revealed last month that its B.C. sawmills will be paying the province an additional $30 per cubic metre for Crown timber starting July 1. (The Canadian Press/Jonathan Hayward)

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Timber royalties being charged to lumber companies in a number of provinces continue to rise in reaction to elevated prices for lumber, but the New Brunswick government is not budging yet from its decision to keep its royalty rates frozen at levels set six years ago by the former Liberal government of Brian Gallant.

On Tuesday, Alberta raised its fees on Crown softwood logs for large users to a record $166.63 per cubic metre, the sixth increase this year.   

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Source: CBC News

 

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