Part 6/9:
Amid this southern resurgence, Canadian lumber companies are grappling with a multitude of challenges. U.S. tariffs on Canadian lumber, particularly heightened under earlier administrations, have stifled market competitiveness. Additionally, catastrophic forest fires and pest infestations have decimated vast forest areas, leading to government-imposed restrictions and profitability challenges for lumber companies. Reports of mill closures in British Columbia and the Pacific Northwest are growing, further exacerbating industry woes.