Discussions between the U.S. and Canada to create a new softwood lumber trade agreement have made little progress as the June 18 deadline for a new deal approaches. Both countries have been trying to reach a new deal since October, when the 2006 agreement expired.

Reuters writer David Ljunggren reports Canadian Trade Minister Chrystia Freeland expects that officials from both nations will continue discussing the softwood lumber trade past the deadline. She anticipates both nations will work until June 29, when Obama travels to Ottawa to meet with Trudeau.

The prospects of continued negotiations are not promising. Writes Ljunggren:

Representatives from the sides held talks in Canada last month - a meeting that one source described as "not a success" - and in the United States this week.

"While differences remain, U.S. and Canadian negotiators will continue to work to see if a deal can be achieved," said Matt McAlvanah, a U.S. Trade Representative spokesman.

Read more >