U.S. softwood lumber duties to cost 2,200 jobs, Conference Board of Canada says

Workers pile logs at a softwood lumber sawmill on Nov. 14, 2008 in Saguenay, Que. (THE CANADIAN PRESS/Jacques Boissinot)

By Ross Marowits, The Canadian Press, May 31, 2017 

MONTREAL — The Conference Board of Canada says U.S. softwood lumber duties will cut $700 million from Canadian exports over two years and result in the reduction of 2,200 jobs.

The board released a report Wednesday that says curtailed exports should lower the industry’s pre-tax profit to $1.1 billion in 2018, down from $1.8 billion last year and $1.4 billion this year, despite growing revenues.

The U.S. government recently imposed preliminary countervailing duties ranging between three and 24 per cent on Canadian softwood lumber exports.

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