Western Canadian lumber producers are poised to reap the biggest gains from a preliminary decision by the United States to cut softwood lumber duties, disappointing major Quebec-based producer Resolute Forest Products as it continues to press for zero tariffs in the long-running trade dispute.
The U.S. Department of Commerce on Monday ruled that combined anti-dumping and countervailing duties on all Canadian softwood lumber could fall to an average 8.21 per cent from 20.23 per cent. A final determination is expected in August.
Source: Financial Post
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