IN THE NEWS
The U.S. announced countervailing duties on Canadian softwood lumber exports on April 24th, 2017
Canadian softwood lumber consists of spruce, pine and fir used primarily for framing in construction. It is a key component of Canada’s forest industry and supports predominantly rural and Indigenous communities while generating $22 billion in GDP. A majority of Canadian softwood lumber exports go to the United States. In 2015, American producers could only meet 70 percent of the United States’ softwood lumber needs with Canada covering virtually all of the shortfall.
What success will look like
- Canada will vigorously defend the interests of the Canadian softwood lumber industry, including through litigation at World Trade Organization and the North American Free Trade Agreement.
- We have prevailed in the past and we will do so again.
Gross Domestic Product $22 billion from the forest industry in 2016
Forest Industry Employment 201,645 job9s including 9,500 jobs in Indigenous communities in 2015
Close to USD $3M in forest products cross the U.S./Canada border every hour of every day
Since 2015, Canadian companies have invest over USD $5 billion in the U.S. forestry sector
With every $1,000 increase in home prices, 150,000 few Americans will qualify for an aver mortgage. Source: U.S. National Association of Home Builders
90% of U.S. homes are built with softwood lumber. In 2015, the U.S. met 70% of its softwood lumber needs and Canada made up for the remaining 30%
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