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Reports on Softwood Lumber Offer Hope of a Deal: CIBC Analyst

(Alexander Panetta – Canadian Press)

The latest news on softwood lumber is being greeted as an encouraging sign by one analyst, who points to several developments that increase hope of a deal between Canada and the United States.

That sense of optimism is being expressed by Hamir Patel, the director of paper and forest products research at CIBC Capital Markets, who points to three recent signs: Comments from Prime Minister Justin Trudeau, comments by B.C. Premier John Horgan, and a report by The Canadian Press on what’s holding up a deal.

“We have been encouraged by signs of further progress,” Patel said in a newsletter. Click here to read more.