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20% of preliminary duties end on Canadian lumber companies

Workers sort wood at Murray Brothers Lumber Company woodlot in Madawaska, Ont. on April 25, 2017.
Workers sort wood at Murray Brothers Lumber Company woodlot in Madawaska, Ont. on April 25, 2017. THE CANADIAN PRESS/Sean Kilpatrick

MONTREAL – Canadian softwood lumber producers are getting a temporary reprieve with the ending of preliminary countervailing duties.

Most lumber companies will pay 6.87 per cent in anti-dumping tariffs after a 19.88 rate for countervailing duties formally ended as of Saturday.

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Five producers singled out have paid duties between 9.89 and 30.88 per cent. All others paid 26.75 per cent.

WATCH: New Brunswick coming to grips with sobering reality of softwood lumber tariffs

Click to play video: 'New Brunswick coming to grips with sobering reality of softwood lumber tariffs' New Brunswick coming to grips with sobering reality of softwood lumber tariffs
New Brunswick coming to grips with sobering reality of softwood lumber tariffs – Jun 27, 2017

The duty respite will last until final duty rates are announced this fall.

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Industry analysts say that although countervailing duties formally came off in recent days, some Canadian producers have been able to ship products south of the border without CVDs since Aug. 14 by delaying paperwork by up to 10 days.

Lumber prices which ran up in anticipation of export duties have begun to soften in part due to the lowering of duties.

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