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January 20, 2020
B.C. lumber producers have permanently closed mills accounting for 18% of the province’s capacity
Financial analysts say Canadian production cutbacks and a consumer-driven recovery in housing starts in the U.S. could mean better times for lumber and panel products this year. In a research report, RBC analyst Paul Quinn estimates B.C. lumber producers have permanently closed mills accounting for 18 per cent of the province’s capacity, a move that is expected to help to bring North American supply in line with demand and support price increases. He adds the closure of three oriented strandboard mills and part of another has removed about ...
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