Ottawa won’t immediately offer forestry aid package after U.S. duties Apr 24th

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Ottawa won’t immediately offer forestry aid package after U.S. dutiesA machine places freshly cut trees into piles before transport to the West Fraser Timber Co. sawmill in Quesnel, British Columbia, Canada, on Thursday, July 11, 2013. (Ben Nelms/Bloomberg/Getty Images)
MONTREAL – Ottawa has talked with provinces about helping Canada’s forestry sector, but won’t act swiftly once the U.S. imposes duties on softwood lumber imports, says a government source.
“Any determination really can’t be made until we’ve seen what the rate and penalty will be,” said an official who declined to be identified because they were not authorized to speak publicly.
It took the federal government more than a year to announce the first of two aid packages after duties were imposed in 2001. It first gave more than $300 million in late 2002 and then $1.5 billion in November 2005, with $900 million for loan insurance to help financially strapped exporters that had more than $5 billion tied up in duties.
The U.S. Commerce Department is slated to announce Tuesday preliminary countervailing duties on Canadian imports…

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