Worldwide

Canada's small, medium lumber producers to feel US retribution the most

Canada's small, medium lumber producers to feel US retribution the most”

USA homebuilders quickly warned that the move would drive up the cost of new houses. That means more demand for dairy products made with butterfat but less for skim milk, which is a necessary byproduct. "One of the companies we have spoken to says as early as Monday they will be looking at what they need to do". It's quite the contrary.

Canada is the No. 1 consumer of USA exports, Freeland said.

That changed about a year ago, when Canadian dairy farmers persuaded regulators to create a new lower-priced class of industrial milk as an incentive to get dairies to produce protein substances in Canada, using Canadian milk.

But the US needs imports from somewhere, because it can't fulfill the needs of the market on its own.

"We will work constructively together" to try to find solutions to these trade disputes, Trudeau said, while downplaying Trump's strong rhetoric.

Canadian lumber producers, however, don't share the same timeline and will feel an impact immediately, but since many US homebuilders lock in lumber prices months in advance, they will only have to reckon with higher prices when these forward contracts expire, according to a report from Moody's Investors Service. Canadian dairy farmers complained about the cheap imports coming across the border.

Trudeau is imposing a national carbon price on Canadians, meaning higher taxes and prices on nearly all goods and services, and has already reneged on his election promise to reduce the small business tax rate. "These subsidies represent about 40 per cent of USA dairy farmer incomes".

Dating back to the 1980s, there have been three previous countervailing duty cases on this issue, and in each case in which it was taken to a final decision, it was ultimately determined that the Canadian government did not provide unfair subsidies to its lumber industry.

"We've got an appetite for [mergers and acquisitions]", Canfor CEO Don Kayne said on a conference call Thursday to discuss the company's slightly better-than-expected first quarter results.

While some tout the so-called "opportunities" Canadian producers are missing out on in the global market, the producers in that market are as often as not selling at below their costs of production.

Canada's supply management system is controversial and riddled with issues, but it is in full compliance with trade rules. "We have some seasoned negotiators but we have a different administration in the USA, so we just don't know when this will be resolved".

That would hurt Canada. Discussions on renegotiating NAFTA would begin only after that, Freeland said. We'll have to see if Ottawa responds with actions in addition to words.

Canada ships bulk and intermediate commodities to the USA and buys back the consumer-ready products.

Granger MacDonald is the chairman of the National Association of Home Builders.

Trump relishes a trade war because he appears to suffer from economic illiteracy.



Like this

Latest


29 April 2017
Predators' Fiala out of playoffs after breaking leg
In fact, the Predators were the only postseason participants that did not average at least a point per game away from home. The Predators are now undefeated in the Stanley Cup Playoffs, after they stomped out the Chicago Blackhawks in four games.

29 April 2017
Taco Charlton Goes No. 28 To The Cowboys
Also, Charlton spent his entire football career playing defensive end, and did it at a very high level. The 6-foot-3, 198-pound Witherspoon became one of the best cornerbacks in the Pac-12 a year ago .

28 April 2017
Prominent firm to defend 'Bachelor' star in Iowa crash case
Authorities say Soules left the scene in another truck - it's unclear who was driving - before emergency responders arrived. He reportedly called 911 after the crash and checked the victim's pulse before leaving the scene, according to authorities.

27 April 2017
Twitter revenue beats expectations as users continue to grow
Shares , which had dropped by more than 10% ahead of the earnings release, rose by 13% in pre-market trading. Earnings per share (adjusted): $0.11 vs. $0.01 expected, down from $0.15 in the year-ago period.

27 April 2017
FCC chief lays out attack on 'net neutrality' rules
Pai, in his speech, argued the FCC rules deter deployment and other investment in their networks, echoing other critics. As you'd expect, ISPs weren't fans of Title II because it meant they were subject to countless rules and oversight.

27 April 2017
Fiat Chrysler profit up more than a third as Europe improves
On average, equities research analysts anticipate that Fiat Chrysler Automobiles NV will post $2.08 EPS for the current year. Goldman Sachs Group Inc restated a "buy" rating on shares of Fiat Chrysler Automobiles NV in a report on Friday, March 17th.

27 April 2017
Venezuela says it's renouncing membership in OAS
No country has ever withdrawn from the OAS since it was created in 1948 and it's unclear how complicated the process would be. Two government trucks in eastern Caracas were set alight on a freeway by masked protesters who poured oil on the road.

26 April 2017
The NFL Hurry Up: 'You Draft Players Based Off Potential'
To date, Clowney has had more surgeries than successful seasons and has 10.5 sacks in three seasons. That said, Hall certainly has the talent in his own right to be a very productive defensive end.

25 April 2017
Venezuela's Maduro calls for talks with opposition, local elections
Those killed include protesters and bystanders struck by gunfire and a dozen dead Friday in overnight clashes and looting that destroyed more than two dozen businesses.

25 April 2017
Elon Musk steps out in Australia with Amber Heard
SpaceX founder Elon Musk speaks about his vision for 1,000 passenger ships flying en masse to Mars, "Battlestar Galactica" style. They spilled the beans yesterday by posting a picture of them together at restaurant Moo Moo on the Gold Coast of Australia.



Recommended