The Globe and Mail reports in its Wednesday edition that the B.C. government is forecasting that the natural gas industry will play a larger role as the top driver of provincial resource revenue, while warning about tough times in forestry. The Globe's Brent Jang writes that natural gas royalties are expected to ring in at nearly $1.3-billion for the 12 months ending March 31, 2027, up 38 per cent from the current fiscal year, according to the B.C. budget tabled on Tuesday. The B.C. government is expecting $521-million in forestry revenue for the 2026-27 fiscal year, down sharply compared with several years ago. U.S. import taxes on softwood lumber currently total 45.16 per cent on most Canadian producers, including anti-dumping and countervailing duties of 35.16 per cent and tariffs of 10 per cent. U.S. import taxes on softwood lumber currently total 45.16 per cent on most Canadian producers, including anti-dumping and countervailing duties of 35.16 per cent and tariffs of 10 per cent.
The B.C. government anticipates that the trend of depressed annual volumes of tree harvesting will continue over the next several years, restricting the production of softwood lumber.
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