Sinking lumber prices force Canadian mills to curb output

Industry setback: A worker unloads logs in Ontario. The price crunch is particularly acute in Western Canada because of higher costs. ― Reuters

ONTARIO: At least one mill in Western Canada has been forced to curtail production because of plunging lumber prices and soaring log costs.

Conifex Timber Inc said it will temporarily slow production at its sawmill in Mackenzie, British Columbia (BC), due to an “unprecedented collapse in lumber prices.”