Canada’s forestry sector has fared well in the current economic environment, but the industry is also facing a rising tide of uncertainty.
Wood products is one of the manufacturing segments that continues to fare well in the current economic environment, thanks to rising U.S. demand, a low dollar and favourable access to the U.S. market. However, with no new Softwood Lumber Agreement in sight and U.S. protectionist sentiment on the rise following the election of Donald Trump, it is increasingly likely that Canadian producers will face trade restrictions on lumber in the coming year.
Furthermore, the paper products industry faces decreasing demand for printed material at the same time as new pulp producers enter the global markets.
In an uncertain business environment for a key Canadian industry, join Robert Meyer-Robinson for a five-year outlook for the Canadian wood and paper product industries. Robert will discuss the major indicators for the industry, including: production, employment, prices, revenue, cost, profitability and profit margin.