Canadian lumber producers rise as prices hit over three-week high
11/08/2022 18:06
** Canadian lumber producers West Fraser WFG.TO , Interfor
IFP.TO and Canfor Corp CFP.TO rise between 0.24% and 2.85%
** Lumber futures rise ~3% to $635.6 per thousand board
feet, the highest level in more than three weeks
** West Fraser on Wednesday cut output at two British
Columbia sawmills, accounting for 2.5% of total North American
capacity, which sent lumber prices higher on Wednesday,
Bloomberg News reported (https://bloom.bg/3JL6KgO)
** U.S builders get more than quarter of lumber from Canada,
the largest exporter of softwood lumber
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))