BC lumber industry profitable again lumber, industry, again, profitable

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BC lumber industry profitable again
Think-tank predicts continued improvement in 2011
Richard Dettman Dec 14, 2010 10:02:44 AM
2 Comment(s)  0 Recommendation(s) VANCOUVER (NEWS1130) - Canada's wood products industry has turned the corner to profitability this year and will continue to rebound next year.  

The Conference Board of Canada credits "a mini-boom in the Canadian housing market, a slight improvement in American demand, and growing exports to China."  

The think-tank says Canada overtook Russia this year to become the biggest supplier of softwood lumber to China. It predicts the industry's total profit will be $476 million this year and it says the improvement will mean the return of another 9,700 jobs next year.  The industry is dominated by British Columbia.

The report warns a drop in the Canadian housing market next year could affect lumber demand.