Canadian Trade Minister Chrystia Freeland and U.S. Trade Representative Michael Froman announced that their respective countries will continue to discuss a new softwood lumber deal, even past today's deadline for a new agreement, reports Global News.

The two sides say they’re committed to continuing talks in an effort to achieve a “durable and equitable” deal.

The 2006 softwood lumber agreement expired a year ago but a one-year standstill period kicked in to allow both countries to come to some sort of resolution.

The expiry of the standstill period means the U.S. could begin the process of imposing tariffs on Canadian lumber imports.

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