Apr
24
Canada Braces for a Lumber War Amid Its Home-Price Psychosis
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U.S. expected to impose duties of 20% to 30% this week: BMO
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Central bank already adding ‘negative judgement’ in forecasts
Bank of Canada Governor Stephen Poloz has been highlighting the dangers of protectionism, and the country will probably get a taste this week as the U.S. is expected to issue preliminary countervailing duties on softwood lumber.
Bank of Montreal said in a report last week it expects duties in the range of 20 percent to 30 percent, with additional anti-dumping duties coming later in the year that could reach another 15 percent. And in a round-table interview with reporters Saturday, Poloz said the measures will probably have some impact on the nation’s economy…
Canada Braces for a Lumber War Amid Its Home-Price Psychosis
