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Trade Minister Mary Ng welcomes panel directing U.S. to review softwood lumber policy
Minister of Export Promotion, International Trade and Economic Development Mary Ng speaks during a signing ceremony with Japanese and Canadian officials in Ottawa, on Thursday, Sept. 21, 2023. THE CANADIAN PRESS/Justin Tang
report on business
Canada to seek judicial review of latest U.S. decision on softwood lumber duties
The federal government in Ottawa is pushing back against the latest U.S. decision to keep imposing duties on Canadian softwood lumber. Trade Minister Mary Ng, shown in this Thursday June 15, 2023 file pjhto, says Canada plans a judicial review of last month’s Treasury Department assessment of the levies, which she calls unfair, unjust and illegal. THE CANADIAN PRESS/Lars Hagberg
canada
Ottawa ‘disappointed’ by U.S. decision to maintain lumber duties
Cedar planks are stacked at a lumber yard in Montreal, Tuesday, April 25, 2017. Resolute Forest Products Inc., a subsidiary of Domtar Corp. and a part of the Paper Excellence Group, has signed a deal to sell its pulp and paper mill in Thunder Bay, Ont., to an affiliate of U.S. company Atlas Holdings. THE CANADIAN PRESS/Paul Chiasson
inside the market
West Fraser’s share price is on a tear. Will its quarterly report confirm the bullish case?
Construction workers put up house wrap during a heat wave in Houston, Texas, July 14, 2023. Climate scientists are sounding alarm about the impact of human-caused global warming, and warning 2023 is on track to be the warmest since records began. Global surface temperatures have increased by about 2F (1.1C) since 1880, making extreme heat more frequent. Extreme heat is the deadliest weather hazard in the United States, according to official data, with the elderly, the very young, people with mental illness and chronic diseases at highest risk. (Photo by Mark Felix / AFP) (Photo by MARK FELIX/AFP via Getty Images)
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Lumber prices rally as market spooked by supply concerns
HOMER GLEN, ILLINOIS - JUNE 21: Lumber is offered for sale at a home improvement store on June 21, 2023 in Homer Glen, Illinois. US housing starts climbed more than 20% last month which has helped lumber futures climb nearly 9% over the same period. According to the National Association of Home Builders, volatile prices of lumber products in recent years have caused the average price of a new single-family home to increase by more than $14,000. (Photo by Scott Olson/Getty Images)
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Inside the never-ending softwood lumber trade war between Canada and the U.S.
Note "IF09" are the letters IF, then "zero" and number 9 in the caption. Caption info for my photo, taken Nov. 3, 2022: At the Stine lumber store in the community of Lake Charles in Louisiana, the selection of boards on the shelves included those labelled “IF09″ — which identifies the product as originating from Interfor Corp.’s Arkansas sawmill. Brent Jang/The Globe and Mail Image by Brent Jang
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Lumber CEOs urge Ottawa to appoint softwood envoy in trade fight against U.S.
Logs are piled up at West Fraser Timber in Quesnel, B.C., on April 21, 2009. THE CANADIAN PRESS/Jonathan Hayward
number cruncher
10 commodity-linked equities for diversified portfolios
For Number Cruncher column in Globe Investor/ROB only.
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Canadian lumber producers say time is ripe for softwood talks with Biden administration
A lumber yard near Vancouver, B.C., on July 6, 2022. Photo: Jennifer Gauthier
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B.C. lumber industry cautious after Biden ups the ante on Buy American policies
Stacks of lumber are seen at Teal-Jones Group sawmill in Surrey, B.C., on Sunday, May 30, 2021. British Columbia’s lumber industry is anxiously parsing U.S. President Joe Biden’s latest Buy American language to better understand the implications for Canadian exporters. The B.C. Lumber Trade Council says it’s “concerning” that Biden says he wants to restrict the use of foreign lumber in federally funded infrastructure projects. THE CANADIAN PRESS/Darryl Dyck
soccer
Canadian talent added to Apple’s MLS Season Pass broadcast crew
LOS ANGELES, CA - NOVEMBER 03: The MLS Cup trophy is displayed at the Apple retail store at The Grove on November 3, 2022 in Los Angeles, California. Philadelphia Union and Los Angeles FC will play for the MLS championship game at the Banc of California Stadium on November 5, 2022, in Los Angeles, California.(Photo by Kevork Djansezian/Getty Images)
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U.S. to raise tariffs for Canada’s two largest lumber companies as trade fight persists
Fresh cut lumber is pictured stacked at a mill along the Stave River in Maple Ridge, B.C. Thursday, April 25, 2019. Canada’s international trade minister says the United States appears to be pressing ahead with what she calls "unjustified" duties on softwood lumber imports. THE CANADIAN PRESS/Jonathan Hayward
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U.S. lumber industry alleges Canadian softwood producers receiving climate subsidies
A lumber yard near Vancouver, B.C., on July 6, 2022. Photo: Jennifer Gauthier
home of the week
Oakville home rebuild ended up being stretched by pandemic
Home of the Week, 2446 Belyea St., Toronto
on commodities
Why lumber price trends are so hard to nail down
In this June 24, 2021 photo, lumber is piled at a housing construction site in Middleton, Mass. Rising costs and shortages of building materials and labor are rippling across the homebuilding industry, which accounted for nearly 12% of all U.S. home sales in July. Construction delays are common, prompting many builders to pump the brakes on the number of new homes they put up for sale. As building a new home gets more expensive, some of those costs are passed along to buyers. (AP Photo/Elise Amendola)
property report
Harder, faster, better, stronger: Mass timber is trending up
soccer
Toronto FC looks to put an end to Portland Timbers’ 10-game unbeaten streak
Columbus Crew SC Mohammed Saeid gets tangled up with Toronto FC Mo Babouli second half MLS soccer action in Toronto Saturday May 21, 2016. York United FC of the Canadian Premier League has signed former Toronto and Forge FC forward Babouli through the end of 2024.THE CANADIAN PRESS/Aaron Vincent Elkaim
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West Fraser cuts production, mill shifts in B.C. for loss of 147 jobs
West Fraser Timber Co. Ltd. says it is cutting a shift a three B.C. mills as it reduces production because of lack of timber supplies. Logs are piled up at West Fraser Timber in Quesnel, B.C., Tuesday, April 21, 2009. THE CANADIAN PRESS/Jonathan Hayward
canada
Canada siding with U.S. in burgeoning CUSMA fight with Mexico over energy policies
Minister of Economic Development, Minister of International Trade and Minister of Small Business and Export Promotion Mary Ng, right, looks on as United States Trade Representative Katherine Tai speaks during a joint news conference in Ottawa, Thursday, May 5, 2022. Two U.S. lawmakers are urging the Biden administration’s trade ambassador to make a deal with Canada on softwood lumber. THE CANADIAN PRESS/Adrian Wyld
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West Fraser Timber shares roiled after takeover speculation
West Fraser Pacific Inland Resources sawmill in Smithers, British Columbia, February 24, 2020. Jimmy Jeong for The Globe and Mail.
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U.S. removing tariffs on Canadian solar panels, as USMCA trade reps meet in Vancouver
Solar panels at the construction site of the Canada’s biggest solar farm Travers Solar, near Vulcan, Alberta, November 9, 2021. Todd Korol/The Globe and Mail
inside the market
Resolute Forest Products acquired by Paper Excellence in $2.7-billion deal
Cedar planks are stacked at a lumber yard in Montreal, Tuesday, April 25, 2017. The Paper Excellence Group has signed a deal to buy Resolute Forest Products Inc. in an agreement that values the company at US$2.7 billion. THE CANADIAN PRESS/Paul Chiasson
opinion
Tree crimes and misdemeanours: How B.C.’s forests have become flashpoints for poachers and protesters alike
Lyndsie Bourgon
canada
Yellen says Biden not considering Canadian lumber for tariff relief
FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies during a House Ways and Means Committee hearing on President Biden's proposed 2023 U.S. budget, on Capitol Hill in Washington, U.S., June 8, 2022. REUTERS/Jonathan Ernst//File Photo
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Lumber prices are falling, but don’t expect prepandemic level markdowns for your next DIY project
Kerrisdale Lumber supervisor Sharleen May at one of their storage yards in Vancouver British Columbia, June 6, 2022. Jimmy Jeong for The Globe and Mail.
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Lumber prices drop as interest in do-it-yourself renovations cools off
Doug Howson loads lumber onto a forklift at Haney Builders Supplies, in Maple Ridge, B.C., on June 12, 2020. THE CANADIAN PRESS/Darryl Dyck
opinion
B.C.’s biggest forestry companies target U.S. lumber barons
Andrew Willis
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U.S. to reduce levies on most Canadian softwood producers
FILE PHOTO: Softwood lumber is stacked at Groupe Crete, a sawmill in Chertsey, Quebec, Canada, January 17, 2018. REUTERS/Christinne Muschi/File Photo
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Liberals kick-start trade pact challenge to U.S. duties on softwood lumber
Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Surge in lumber prices sparked by B.C. flooding likely to fuel more M&A transactions
FILE PHOTO: Finished lumber is seen at West Fraser Pacific Inland Resources sawmill in Smithers, British Columbia, Canada February 4, 2020. REUTERS/Jesse Winter/File Photo
soccer
New York City FC top Portland Timbers in penalties to win MLS Cup
PORTLAND, OREGON - DECEMBER 11: Sean Johnson #1 of New York City reacts after a save in a penalty shootout during 2021 MLS Cup final against Portland Timbers at Providence Park on December 11, 2021 in Portland, Oregon. (Photo by Steph Chambers/Getty Images)
soccer
Timbers set to host NYCFC in MLS Cup final
FILE - New York City FC midfielder Valentin Castellanos (11) shoots in front of D.C. United midfielder Junior Moreno (5) during an MLS soccer match, on, April 17, 2021, in Washington. The Portland Timbers are leery of Castellanos, and for good reason. The striker was named Major League Soccer's Golden Boot winner with 19 goals this season. (AP Photo/Will Newton, File)
report on business
Lumber prices surge amid B.C. flooding, higher U.S. duties
Doug Howson loads lumber onto a forklift at Haney Builders Supplies, in Maple Ridge, B.C., on June 12, 2020. THE CANADIAN PRESS/Darryl Dyck
opinion
Hiking U.S. duties on Canadian softwood could damage our relationship with the U.S.
Michael Kelly-Gagnon and Anthony B. Kim
soccer
Portland Timbers down Real Salt Lake 2-0 for MLS Western Conference title
Portland Timbers players celebrate a 2-0 victory over Real Salt Lake in the MLS soccer Western Conference final Saturday, Dec. 4, 2021, in Portland, Ore. (AP Photo/Amanda Loman)
politics
Canadian delegates head to Washington to fight made-in-U.S. vehicle credits, softwood duties
(FILES) In this file photo taken on November 17, 2021 GMC Hummer EVs are seen on an assembly line ahead of a tour by the US president of the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan. - America's manufacturing activity expanded at a faster pace in November amid signs the ongoing challenges in supply chains and hiring may be easing slightly, according to an industry survey released December 1, 2021. The Institute for Supply Management (ISM) said its manufacturing index rose three-tenths of a point to 61.1 percent, posting the 18th straight month of growth. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)