MONTREAL, Que. – Canada’s forestry sector is worth an estimated $20 billion a year, but those who haul logs from the forest to sawmill are experiencing the weight of factors from wildfires to lumber tariffs.
Wildfires make lumber buyers nervous about supply disruptions, CIBC World Markets analyst Hamir Patel said last August. And Global Affairs Canada reports that anti-dumping and countervailing duty rates imposed by the U.S. represent an average 18.9% increase in the price at which Canadian lumber is sold south of the border.
Source: Today's Trucking