Canada's softwood lumber industry faces average duties of about 27 per cent after the U.S. Department of Commerce slapped it with an additional 6.87 per cent in preliminary average anti-dumping tariffs. Two other mandatory respondents, West Fraser Timber and Tolko, were tagged with 6.76 and 7.53 per cent duties, respectively. All other producers will face combined average duties of 26.75, with the exception of Resolute at 17.41 per cent and J.D. and Newfoundland and Labrador from softwood lumber duties as requested by the U.S. industry and Canadian officials. The Conference Board of Canada has said U.S. softwood lumber duties paid at current export levels will cost Canadian producers $1.7 billion a year and cut about 2,200 jobs until a softwood settlement is reached.

Source: CBC News June 26, 2017 22:09 UTC