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U.S. Govt returning $5,000,000,000.00 to Canadian Softwood Lumber producers

In April 2006, The United States and Canada announced that they had reached a tentative settlement to end the current dispute. Under the preliminary terms, the United States would lift duties provided lumber prices continue to stay above a certain range. Below the specified range, a mixed export tax/quota regime would be implemented on imports of Canadian lumber. As a part of the deal, $4 billion of the $5 billion in duty deposits collected would be returned. Of the remaining one billion, half would go to the U.S. lumber industry* while the other half would go toward joint initiatives.
(wikipedia)

According to another article the Canadian government has already paid out about $950 million in anticipation of the payments from the U.S. government.

Good news for my area. :D Sawmill country. I don't know whether to get a job as a lumberjack or open a flannel store.

*This part is not exactly true. The money goes to disaster relief and other worthy causes supporting timber communities in the U.S.

Why exactly are you bringing us news from April?

Quote:

Originally Posted by WarChild (Post 11314859)

Why exactly are you bringing us news from April?

http://w01.international.gc.ca/minpu...&docnumber=123

Quote:

October 30, 2006 (1:00 p.m. EST)
No. 123

COMPANIES RECEIVE U.S. DUTY REFUNDS LESS THAN THREE WEEKS AFTER SOFTWOOD LUMBER AGREEMENT CAME INTO FORCE

The Honourable David Emerson, Minister of International Trade, and the Honourable Maxime Bernier, Minister of Industry, today announced that an initial amount of approximately $950 million in softwood lumber duty refunds has been disbursed by Export Development Canada (EDC) to companies that had paid duties to the United States.

“Just weeks after the Agreement was implemented, our government has delivered on its promise to Canadian softwood lumber companies,” said Minister Emerson. “The refunds are going out ahead of schedule, and companies can realize the benefits of this agreement.”

This is the new part. Besides, I just found out about it. :D

It's about time. I've taken trips to some of the small towns that have all but been shut down by the illegal tariff.

yeah it is about time!

This post made my wood soft.

The US still punked us off.

Quote:

Originally Posted by Martin (Post 11315457)

The US still punked us off.

No doubt, but it'd be nice to see some of these lumber towns coming back to life. Two schools were shut down in my community due to this.

what no more illegal tarrifs levied against us by the almight us of A?

So what you're saying is we give the USA soft wood? What would it take to give them a full hardon?

Quote:

Originally Posted by Quagmire (Post 11315940)

So what you're saying is we give the USA soft wood? What would it take to give them a full hardon?

Another war maybe?