Monday, January 23, 2012

Obama Ready to Sign Extension on Softwood

(The Globe and Mail – John Ibbitson)

Did the Obama administration’s decision not to approve the Keystone XL pipeline damage relations with the Harper government? The short answer is no, and proof of that comes Monday, when International Trade Minister Ed Fast will announce the extension of the softwood lumber agreement in Washington.

The agreement, which Canada and the United States signed in 2006 – after years of acrimony, countervails and court actions – expires in 2013. Rather than repeat an unhappy chapter in Canada-U.S. relations, both sides have chosen simply to extend the existing deal until 2015. Read more here.