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With lumber futures today hovering near 3-week highs, market watchers attribute gains to increased West Coast mill production cuts, tightening available supply in core domestic markets. Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30. In August, 2025, the U.S. Commerce Department finalized anti-dumping duty rates for most Canadian producers at 20.56 per cent and countervailing duty rates from 12.1 to 16.8 per cent for major firms.
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