Growing U.S. protectionism threatens Canada’s forestry industry

A tentative deal between Canada and the United States on softwood lumber expired at midnight on Oct. 12.The ongoing softwood lumber war between Canada and the U.S. is largely due to American economic protectionism, or more precisely, American lumber interests. This is about American lumber companies upset about Canada’s growing market share in the U.S. market.Looking at the two major candidates for the presidency, it appears that the trending protectionist mentality is unlikely to change and could have major negative repercussions in Canada’s already-ailing forest industry.With a rebounding housing market, the U.S. is heavily dependent on the Canadian forest industry.

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