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The company announced it would indefinitely shut down operations at the Howe Sound pulp mill and Bayview Fibre chipping facility in Port Mellon, B.C., affecting about 400 workers in a forestry industry already struggling with U.S. tariffs. (The Logic)
Talking point: Domtar president Luc Thériault said the business cannot overcome reduced demand from Asia, poor global pulp prices and a dearth of affordable fiber. B.C. Premier David Eby said the province’s softwood pulp sector has been affected by a “seismic shift” in the global market, which is approaching the lowest pulp prices in 100 years, when adjusted for inflation. The softwood lumber industry is still waiting to find out whether ongoing negotiations between the federal government and the White House will offer the forestry sector any reprieve from the 10 per cent tariff the U.S. imposed on Canadian softwood lumber last year.
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