Canadian lumber giants to be affected by slow US housing market

The US housing market is stumbling, which makes two of Canada’s top lumber producers, West Fraser Timber Co. and Canfor Corp., to suffer from a lower demand from the US.    According to Bloomberg, the US housing starts dropped 8.8% in March and its weakness can’t support the lumber prices at its current levels. The US is the biggest market for Vancouver-based Canfor and West Fraser, which manage timberlands in British Columbia that supply softwood such as Spruce-Pine-Fir, a widely used material used to construct house walls and roofs.   ...

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