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B.C. Economic Commentary B.C. forestry sector has experienced a sea change in market conditions over the past year. Following solid expansion for most of 2018, the bottom has fallen out of the proverbial barrel. Weaker export demand, lower lumber prices, ongoing softwood lumber tariffs, and timber availability constraints have led to a downturn in the sector. At least five mills in the province have announced, or already shut down permanently in 2019, including Canfor's Vavenby mill, West Fraser's 100 Mile House operations and Norbord OSB, also in 100 Mile House. A raft of other lumber and pulp mills have taken downtime or curtailed the number of hours or shifts. This note provides a snapshot of the current state of the sector and potential impacts of the downturn going forward.
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Your Market News update for May 30, 2019 | View online Market News News that's moving the market now As Trade-War Worries Linger, Market Seems to Lack Buying Conviction May 30, 2019 8:40 AM | JJ Kinahan 6 min read | Daily Market Update