B.C. lumber giant Canfor rejects proposed softwood lumber deal with U.S. Canadian Press
Last year, Canfor moved to try to collect millions of dollars in damages from the U.S. government over punishing lumber duties, filing a notice of arbitration and statement of claim under Chapter 11 of the North American Free Trade Agreement.
Canfor claimed damages of not less than $250 million US, saying U.S conduct in the longstanding softwood lumber dispute violated NAFTA prohibitions against arbitrary, unfair and discriminatory treatment.
So far, the Canadian forestry industry has been split over the softwood deal, which is likely to collapse unless a consensus forms backing the proposal among lumber producers and the federal and provincial governments.