RE:RE:RE:RE:Like othersI agree current problems are probably temporary. Government just has to quit trying to tax them out of business.
$10 over night ? Bit of a stretch as price has never been that high previously so it would be breaking new Blue sky. Usually takes a bit of time.
A severe Hinder to the rally. In respect of these softwood lumber duties.
On April 9, 2019, a World Trade Organization (“WTO”) Panel ruled on certain matters relating to the application of softwood lumber anti-dumping duties, concluding that the US violated international trade rules in the way it calculated anti-dumping duties. Included in the ruling, the WTO Panel has allowed the US to use "zeroing" in its calculation of AD, which Canada will appeal.
The problem with that is the WTO requires a minimum of 3 judges in order to make any ruling. The US has Veto power over any and all Judge appointments. So far President Trump has vetoed every one. Only Three remain. Before years end another must be replaced and should Trump Veto this one the WTO becomes invalid and cannot sit or rule on anything with only two remaining. The WTO simply sits into Limbo.
Yough times for Canadian mills may still lie ahead.