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Canada's worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices and setting production back for months just as housing construction has ...
Potential new American tariffs of 17.99% on Canadian lumber also sent the price higher. Those tariffs were finalized lower to 11.64% by the Biden administration. [16] New contracts that allow semi trucks to haul contracts instead of just rail cars starting August 8, 2022, potentially contributing to normalization of prices in the second half of ...
Softwood lumber prices have doubled since mid-November after road and rail links across B.C., which accounts for 16% of North American supply, were washed out by record-breaking rainfall.
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Canadian Lumber Standard, typically abbrievated as CLS, is a type and standard/grade of processed and sawn lumber (timber) used in many countries. [1] [2] ...
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...
A perfect storm has driven lumber prices of up 308% since the onset of the pandemic, with big implications for homebuilders and buyers. Here’s what happened.
Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...