Canadian lumber producers are pushing for the renewal of a trade deal that requires an escalating tax on exports of Canadian lumber when prices fall below a certain threshold. That deal, forged first in 2006, expires on Oct. 12.
"There is general agreement in Canada in the value of maintaining this predictability and stability which has resulted from the softwood lumber agreement," said Rudy Husny, a spokesman for Canadian Trade Minister Ed Fast. "We have shared with the U.S. government our preference for a renewal of the agreement."
But U.S. producers want changes to the deal instead of a straight renewal.