Canadian forestry firms rise as wildfires heat up lumber prices

West Fraser Timber Co

12/06/2023 16:46

** Shares of Canadian forestry firms rise as wildfires force
the forestry industry to shutter sawmills, driving up lumber
prices
    ** Chicago lumber futures for July delivery  LXRN3  have
climbed 7% since June 1
    ** Canfor Corp  CFP.TO , Stella-Jones Inc  SJ.TO , Interfor
Corp  IFP.TO , West Fraser Timber Co  WFG.TO , Conifex Timber Co
 CFF.TO  and Acadian Timber Corp  AND.TO  rise between 0.5% and
3.4%
    ** The fires are blazing through Alberta, British Columbia
and Quebec, all provinces with active forestry industries

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))