Lumber Market Seeing Success in B.C.
Cutbacks, slowdowns and shutdowns have made it hard to find anything to be positive about recently in regards to B.C.’s economy.
Sectors like coal and oil and gas have been battered over the last year with declining prices due to a surplus of these resources currently on the market.
Amid all of this though, the lumber sector is doing quite well thanks to the United States.
“Lumber is improving because the U.S. housing market is getting back, it’s very strong,” says BDC Chief Economist Pierre Cleroux. “Our export of lumber has been increasing to the U.S., for example 21% last year and 12% this year and this is going to be a large part in economy growth in British Columbia this year.”