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Canadian Wood Products Affected by Softwood Lumber Duties

Growth for Canadian wood products manufacturers is expected to be significantly impacted by U.S. softwood lumber duties, averaging about 20%, when combined with anti-dumping duties expected this June.  The industry is expecting to shrink from pre-tax profits of $1.8 billion in 2016 to $1.4 billion this year and $1.1 billion in 2018.  See Conference Board and Canadian Industrial Outlook

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