In the latest agreement, implemented in 2006, the U.S. agreed to drop anti-dumping tariffs as long
as lumber prices remained at an acceptable level.
Under this agreement, which was scheduled to expire in 2012 until being extended for another two years, the U.S. agreed to lift antidumping duties so long
as lumber prices remained above a certain level.
Not exact matches
A key element in this shift is China; the value of Chinese exports to Canada tripled over this period and Canadian exports to China, while still small relative to exports to the US, have grown steadily in value driven by commodity exports which have been buoyed by high
prices and huge demand in China for key Canadian exports such
as minerals (nickel, coking coal, potash, copper and iron ore), pulp and
lumber.
It's too early to tell exactly how much of an impact hurricanes Harvey and Irma will have on the
prices for
lumber and other building materials, especially
as other factors such
as wildfires and duties are still uncertain.
The demand for commodities,
as just one example, led to rising
prices for everything from copper to oil and
lumber.
The resources and mining industry in Canada is seeing a split between mining and forestry
as one area slows due to falling commodity
prices, while demand for
lumber continues to drive a busy forestry sector.
Although builders are struggling with shortages of labor and lots,
as well
as higher
lumber prices, market conditions on balance remain favorable, and we expect solid growth in the 55 - plus housing sector.»
Their
lumber yard is pretty reasonably
priced as well — we're using them for all our doors and windows.
Higher development fees in many municipalities are also adding to costs,
as are fuel surcharges increasingly being levied by gravel,
lumber and concrete suppliers in the face of soaring diesel
prices.»