The Globe and Mail reports in its Friday edition that B.C. Premier Christy Clark is bullish
on the future of Canada's
softwood-lumber industry, despite
reports the incoming
U.S. administration under president-elect Donald Trump intends
to push for more favourable
trade terms between the two
countries. The Globe's Justine Hunter writes that
Ms. Clark believes Mr.
Trump will not want to risk his
country's domestic housing construction
boom by threatening
its supply of Canadian softwood
lumber.
She says: "The thing about Donald
Trump is that he talked to Americans
about jobs and affordability.
One of the things we also
know is that if Canadian softwood
doesn't come into the
United States, the price of housing
goes way through the roof. So if he is a president that
decides that he wants to keep
housing affordability within the
reach of average Americans, if he
wants to keep job growth going
-- because residential construction
is a big part of that in the
U.S. economy -- then I think we
will have an easier path on softwood
than we might have otherwise."
Housing starts
in the U.S. surged to a nine-year high in
October. Canadian softwood
lumber provides about 30 per
cent of the market.
© 2024 Canjex Publishing Ltd. All rights reserved.