Lumber exporter8/28/2023 However, total hours worked declined resulting in above average labour productivity growth. In addition, its volume of production and the number of jobs kept rising until 2000. It recorded profit margins similar to those of all manufacturing industries. The trade and economic challenges faced by the industry during this period were many and included: the 1996-2001 Canada-United States Softwood Lumber Agreement, the American anti-dumping and countervailing duties slapped on the industry from 2002 to 2006, a rise in energy and raw material prices, a decline in lumber prices and a higher exchange rate for the Canadian dollar.ĭuring the course of the Softwood Lumber Agreement, the general performance of the lumber industry was somewhat comparable to the rest of the manufacturing sector, except for labour productivity. These gains have helped it maintain positive profit margins somewhat comparable, on average, to those reported in the manufacturing sector during the 1999 to 2005 period. As part of its restructuring, the industry lost thousands of jobs which produced substantial gains in productivity. Sawmills and wood preservation industry’s profitability somewhat comparable to other manufacturing industries Summaryįaced with various trade and economic pressures during recent years, Canada’s lumber industry has restructured and remained profitable. Weaker American lumber exports lead to a drop in shipmentsīritish Columbia recovers its share of national exports Value of manufacturing shipments free-falling Relative importance of the lumber industry
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