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Wednesday, 08/30/2006 1:29:12 AM

Wednesday, August 30, 2006 1:29:12 AM

Post# of 33
Canadian lumber shares surge as dispute ends

By Bernard Simon in Toronto

Published: April 28 2006 20:58 | Last updated: April 28 2006 20:58

Shares of Canadian timber exporters on Friday bounced on news the US would refund billions of dollars in anti-dumping and countervailing duties paid by the companies over the past four years.

The repayments are part of a deal between Washington and Ottawa to end a protracted dispute over Canadian exports of softwood lumber, used mainly for housing.

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