Fire-ravaged Fort McMurray is one of several Canadian cities and towns being impacted by skyrocketing drywall costs. Builders and suppliers blame new anti-dumping tariffs on US gypsum board products for the price spike over the past week.
Canada Border Services Agency slapped tariffs up to 276% on US products imported to Canada to offset dumping following complaints filed in April.
The industry says the surprise ruling could disrupt the supply of drywall and risks bankrupting contractors working under fixed-price contracts. There is some production in Western Canada, but an industry official says they can only meet 40% to 60% of the needed supply, so extra product must be imported from the US.
The CBSA decision is under review for the next three months, but the import duty will remain in effect until a final decision is made.