BC Forestry’s Bull-market Ride Could Be Over Soon

Until about six months ago, BC’s forestry companies were riding a lumber bull market.

Record-high lumber prices in the US had muted softwood lumber duties, and BC forestry companies were netting record profits.

But the party may be over.

A shrinking timber supply and high log prices in BC and a sudden drop in lumber prices in the US have created a sudden bear market for BC sawmills.