Canada hails U.S. decision to relent on lumber duties

Article Abstract:

The United States Commerce Department has proposed to slash the duties on Canadian soft wood lumber to an average of 13.2 percent from 27.2 percent in June 2004. The Ottawa and the Canadian industry have railed the United States decision, which would smooth the way for a settlement although the US lumbar interests would continue to make the dispute a protected one.

Legal issues & crime, Government regulation (cont), Forecasts, trends, outlooks, Government regulation, Administration of General Economic Programs, Foreign trade, Legal/Government Regulation, Tariffs & Duties, Sawmills and Planing Mills, Tariffs & Quotas, Laws, regulations and rules, International trade, Powers and duties, Lumber industry, Tariffs, United States. Department of Commerce, Industry forecasts

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Oil price retreats after flirting with $50-a-barrel level

Article Abstract:

Oil hit a high of $49.40 a barrel on 20 August 2004 before falling back to close at $47.86. While record prices are a boon to an exporting nation like Canada, particularly in the West, economists see a lot of downside, especially for Ontario and Quebec.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Crude Petroleum & Natural Gas, Petroleum refining, Petroleum & Energy Products, Exports, Economic aspects, Petroleum industry

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