Skip to content
Subscriber Only

Biggest Lumber Profit Since ’06 Led by U.S.

West Fraser Timber Co. and Western Forest Products Inc. are leading Canadian lumber producers to the biggest combined profit since 2006 as mills run at five-year highs to feed a U.S. housing rebound and near-record Chinese demand.

Lumber mills in British Columbia, Canada’s leading forestry region, ran at 86 percent of production capacity in the five months through May, compared with 82 percent for all of 2011, according to the Western Wood Products Association. Lumber futures rose to a 15-month high on Aug. 15 on the Chicago Mercantile Exchange.