Canada isn’t just an oil and gas economy. Our wood products industry is currently thriving, benefiting from the ongoing recovery in the U.S. housing market and a relatively weak Canadian dollar. The wood industry is operating at near full capacity and producing at its highest level since 2006.
But there are clouds on the horizon in the medium-term. The spread of the mountain pine beetle continues to pose a risk to lumber supply, especially for companies operating in British Columbia’s interior. Meanwhile, the expiration of the existing Canada-U.S. Softwood Lumber agreement in October adds another layer of uncertainty for the industry.
So what does the future hold for Canadian lumber producers?
Join The Conference Board’s Director of Industrial Economic Trends, Michael Burt, as he discusses the five-year outlook for Canadian wood and paper product industries. Michael will discuss the major indicators for the industry, including: production, employment, prices, revenue, cost, profitability and profit margin.