- Softwood Lumber Dispute—With no new agreement in sight, it is increasingly likely that Canadian producers will face heightened restrictions on lumber in the coming year.
- Chinese Demand—Canadian wood product exports to China have dropped by more than 20 per cent over the past year. A slowing Chinese economy combined with stronger international competition on the Chinese market has weakened demand for Canadian wood products.
- Renovation Spending—Elevated housing prices are deterring some consumers from purchasing new homes in several key markets. Instead, many homeowners are choosing to upgrade their existing homes.
Canada’s Forestry Sector: The Opportunity and the Uncertainty
The Conference Board of Canada, January 25, 2017 at 02:00 PM EST