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. Biden announced the expanded rules during Tuesday’s…
BC Lumber Industry on Edge After Biden Ups the Ante on Buy American Policies
Timber Queen (1944)
September 4, 2022
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Russ Evans, a World War II veteran Army pilot, decides to check up on the widow of an old war buddy of his, Elaine Graham. The logging company she inherited is doing poorly, but Elaine gets an order in for a huge shipment of lumber. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com…
Lumber Prices Poised to Stabilize Amid Rising Interest Rates, Cooling Housing Market
The past couple of years have been highly volatile for lumber prices, topping $1,500 in 2021 and $1,400 per thousand board feet in 2022. Lumber has plummeted nearly 50 percent year to date, to below $600, but the raw material has experienced a modest rebound from recent lows over the last week. Since lumber’s peak…
Ottawa to Challenge Lower but ‘Baseless’ US Duties on Softwood Lumber, Says Ng
Lower than expected U.S. penalties on softwood lumber exports from Canada are doing little to temper the dismay of the federal government in Ottawa. International Trade Minister Mary Ng is calling the latest duties “baseless,” “unwarranted” and “unfair.” The key final rate of 8.59 percent is significantly lower than the current rate of 17.91 percent,…
Yellen Says Biden Not Considering Canadian Lumber for Tariff Relief
ROSEBUD, South Dakota—U.S. Treasury Secretary Janet Yellen said on Tuesday that President Joe Biden is not expected to cut U.S. tariffs on Canadian lumber as part of potential tariff relief he is considering to fight inflation. “To the best of my knowledge, they’re not under consideration, at least as part of the things that the…
A Toilet Paper Emergency? Paper Shortages Loom for America
A paper shortage is looming in the U.S. economy, a new report warns. The global supply chain crisis is creating problems in the pulp and paper sector, one of the world’s largest industries. This could result in diminished supplies of toilet paper, product labeling, bank statements, and even election ballots. Paper demand is up more…
A Toilet Paper Emergency? Paper Shortages Loom for US
A paper shortage is looming for the U.S. economy, according to a new report. The global supply chain crisis is creating problems in the pulp and paper sector, one of the world’s largest industries. This could result in diminished supplies of toilet paper, product labeling, bank statements, and even election ballots. Paper demand is up…
Liberals Kick Start Trade Pact Challenge to US Duties Slapped on Softwood Lumber
OTTAWA—The federal Liberals have put the White House on notice that Canada will officially challenge the legality of an American decision to hike duties on softwood lumber heading south of the border. The government is filing the grievance under the recently renewed North American free trade pact. Trade Minister Mary Ng says in a statement…
Grocers Advise Shoppers to Expect Shortages but Not Hoard
The great toilet paper shortage of 2020 is seared in the minds of all who experienced it, but current supply chain pressures have not translated into widespread hoarding in Pennsylvania, although some stores are starting to limit the number of certain paper products. While supply chain challenges have been ongoing since the onset of the…
Soaring Lumber Prices Driving Up Construction Costs May Have Peaked
OTTAWA—While lumber prices nearly doubled earlier this year compared to what they were at the start of the pandemic, driving up the cost of new homes and renovations, the peak may have passed. After reaching around $1,600 per thousand board feet, the standard industry measurement, lumber prices have dropped by about $400, says Joel Neuheimer,…
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