April 25, 2017 / 1:57 PM / 4 months ago

Canadian lumber stocks jump as tariffs not as bad as feared

TORONTO, April 25 (Reuters) - Shares in Canadian lumber companies jumped in early trade on Tuesday as new U.S. tariffs on softwood imports came in at the low end of what some investors were expecting.

Shares in West Fraser Timber Co, which would pay the highest duty rate of the affected companies, rose 5.6 percent to C$59.50 and Canfor Corp stock gained 3.5 percent to C$18.82.

The average 20 percent anti-subsidy duties announced late on Monday compared to a 20-30 percent range expected by RBC equity analysts.

Reporting by Alastair Sharp; Editing by Chizu Nomiyama

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