Postponement of Final Softwood Duty Determination Will Benefit Canfor and West Fraser
U.S. Secretary of Commerce Wilbur Ross struck a conciliatory tone when he announced the postponement of final duty determinations in the ongoing countervailing-duty investigation regarding Canadian softwood lumber. While we're hopeful all parties will be able to reconcile differences and come to an arrangement that reduces uncertainty for lumber producers, our base case remains that duties will persist at current levels before eventually falling to our long-term estimate of roughly 8% by 2021. O...West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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