Where's Davey Now?

ExciseTaxRising
EmersonVille


It sure is interesting how high finance stories like this one are blaming all of our softwood lumber woes on a high dollar and a severe slump in the US housing market.

Of course, those two factors are extremely important.

However, there is a third factor.

And luckily we still have the staid old Canadian Press, a group with enough of an institutional memory to add paragraphs like the following to their wire copy:

Canadian lumber also faces an export tax when it crosses the border into the United States, a measure imposed a year ago by the Canadian government to settle a long-standing softwood lumber dispute with the United States.


Why is this important?

Because as we discussed at the time, David Emerson's softwood capitulation for a resource restricted nation was built for good times from the very beginning*.


.