Lumber company shares rise on news the U.S. intends to cut softwood duties

In early trading in Toronto on Tuesday, Canfor Corp. stock rose as much as 7.5 per cent, West Fraser Timber Co. Ltd. jumped by 6.2 per cent and Resolute Forest Products Inc. was up three per cent.

He says West Fraser's rate may fall from 23.6 to 9.1 per cent, Canfor's from 20.5 to 4.6 per cent and Resolute's from 17.9 to 15.8 per cent. The U.S. imposed duties on most Canadian softwood exports in April 2017, alleging that Canada was unfairly subsidizing its industry and then dumping wood into the U.S. at unfair prices.

It's about time. Maybe the lumber sector get back to work now.

US needs to lower building costs. Someone realized that paying duty to the US government was costing the average citizen.

Trudeau will personally make alot of money.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World shares rally, Shanghai up 1.3 per cent, as China boosts marketShares rallied in Asia and Europe on Tuesday after a recovery on Wall Street and further market-boosting support from China's central bank.
Source: CTVNews - 🏆 1. / 99 Read more »

Coronavirus market jitters, 10 hidden gem companies and the best and worst online brokerages: What you need to know in investing this weekCoronavirus market jitters, 10 hidden gem companies and the best and worst online brokerages: What you need to know in investing this week (subs) via GlobeInvestor globeinvestor The Chinese need to start cooking shite. globeinvestor Nothing like a deadly crisis to make a few bucks huh ?! Thats not ok
Source: globeandmail - 🏆 5. / 92 Read more »