Minister Morneau Announces Relief for Fort McMurray Families and Western Canadian Entrepreneurs

The Government of Canada is committed to helping the residents of Fort McMurray, Alberta, rebuild following the devastating wildfires, and to protecting middle class jobs by ensuring fairness for entrepreneurs in Western Canada.

Finance Minister Bill Morneau joined families and community leaders in Fort McMurray today to announce that the Government of Canada is taking action to help Western Canadians affected by the exceptional price increases and supply shortages of building materials due to anti-dumping duties imposed on imported drywall from the United States.

Minister Morneau confirmed the Government has reduced anti-dumping duties on imported drywall from the U.S. into Western Canada by lowering the minimum import prices by more than 32 per cent.

In addition, the Government will use the approximately $12 million in anti-dumping duties collected between September 2016 and January 2017 to provide specific monetary relief for Fort McMurray residents who are rebuilding their homes as a result of last year’s wildfires, as well as builders and contractors in Western Canada adversely affected by higher drywall costs.

Today’s announcement responds to recommendations from the Canadian International Trade Tribunal (CITT), which found that the full amount of the anti-dumping duties on imported drywall from the United States was leaving businesses that use drywall with fewer choices, leading to potential supply shortages in Western Canada and harming consumers.

The duty reduction is intended to maintain competitive conditions in the Western Canadian drywall market and reduce potential supply shortages, while ensuring a reasonable return on sales for domestic producers.

Full article can be found at:

http://www.fin.gc.ca/n17/17-007-eng.asp

Recent Posts