BC Lumber producers are accustomed to boom and bust cycles, but the past two years have been surprisingly volatile for the industry. Lumber prices fell at the start of the COVID-19 pandemic, then hit record highs, only to fall again and rebound. The protests against old-growth logging on Vancouver Island that began in 2020 by environmentalists have attracted international attention. In 2021, the B.C. government announced plans to restrict logging in old-growth forests, nearly three decades after the Clinton administration banned timber harvesting in the US Pacific Northwest. North American lumber markets are ...