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August 20, 2020
New record wood product prices boost shares for Canadian lumber producers
New record high prices for lumber and wood panel products thanks to continuing robust demand from renovation and new home markets are driving stock prices higher for Canadian producers. Five of the largest producers -- West Fraser Timber Co. Ltd., Interfor Corp., Canfor Corp., CanWel Building Materials Group Ltd. and Norbord Inc. -- all set new 52-week high share prices Wednesday in trading on the Toronto Stock Exchange. The strong prices are expected to continue for some time, said RBC Capital Markets analyst Paul Quinn in a report. "We ...
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