Newspaper article The Canadian Press

U.S. Government to Release Decision on Softwood Lumber Duties on April 25

Newspaper article The Canadian Press

U.S. Government to Release Decision on Softwood Lumber Duties on April 25

Article excerpt

Softwood lumber decision coming April 25

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MONTREAL - The U.S. Commerce Department said Thursday it will announce on April 25 whether it will impose the first of two duties on Canadian softwood.

A spokesman for the department said any countervailing duties would be applied on imports about a week later. A decision on anti-dumping duties is expected to be released May 5, but could be delayed.

Analyst Paul Quinn of RBC Capital Markets said he anticipates the Americans will impose "shock and awe" duties in the range of 30 to 40 per cent.

"I wouldn't be surprised if the preliminary rates come out really high," he said from Vancouver.

Softwood lumber prices have been rising sharply in anticipation of hefty duties. Quinn said he expects the prices will offset the combined duties as demand picks up during the peak home construction season. …

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