Canada’s forestry sector has survived headwinds in the past couple of years, and despite ongoing uncertainty, is poised for steady growth in the next four years. Record prices and rising demand have supported the Canadian wood and paper products industries. Looking forward, production growth is expected to moderate and even decline through 2019 and 2022. Investment is a key to the future growth in the sector. Paper products firms are already operating at or near capacity and will need to expand operations to meet demand, especially for packaging papers to support e-commerce.
Wood products firms are reluctant to invest in new capacity because of concerns about U.S. lumber duties and lower prices in the U.S. market.
The forestry sector is a crucial player in regional economies from coast to coast in Canada. This webinar is for government policy-makers, decision-makers in the sector, regional economic development officials and investors looking to make business decisions about this sector.