Overview of Timber Industry

Posted on October 16, 2020

• By mid-June Canfor had returned to essentially full operations across all our operating regions. • Production capacity curtailed : Canada – 70% , US – 50%, Vida : 10% • Single family home construction will continue to increase. • Impacts of the Wildfires on Lumber Markets : • After the fires there will be an increase in production to process the burned wood. • After the burned wood is processed, a fibre shortage is expected, which will further constrain supply. • Substantial Stimulus has helped coping with Covid-19 issues • Stimulus of 2008 was 6%, the Covid of 2020 was 19%