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The Wood Processing Industry: Walking a Tightrope

October 29, 2020
François Dupuis, Vice-President and Chief Economist
Mathieu D’Anjou, Deputy Chief Economist • Joëlle Noreau, Senior Economist

The wood processing industry is going through a number of changes. Until recently, softwood lumber prices had shattered previous highs. In 2018, skyrocketing prices suddenly came crashing down. The question now is, will history repeat itself in 2020? Once again, it’s a tough time for the wood and pulp and paper industries and they have to work hard to maintain some stability in the face of shifting prices, trade wars, supply chain problems, insect pests, fires and fluctuating demand to name but a few of the challenges. Should the pandemic still be around next year, 2021 may generate a lot of turmoil, just like 2020. Once again, it will take the talents of a tightrope walker to survive.

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