New Brunswick lumber companies quietly shattering income records - News Summed Up

New Brunswick lumber companies quietly shattering income records


But with unrelenting demand and record prices for wood across North America, all lumber production businesses, including his, are having a banner season. (Tori Weldon/CBC)But after years of struggling with up-and-down markets and fighting U.S. duties and subsidy allegations, New Brunswick lumber companies are almost certainly shattering their own sales records and posting record profits. (Graham Thompson/CBC)Other large Canadian lumber companies are scheduled to report earnings this week, but, in New Brunswick, most operations are privately held and do not report their results publicly. Precisely how well individual New Brunswick companies are doing in the current market is unknown. Precisely how well individual New Brunswick companies are doing in the current market is unknown, but, according to MacNichol, it's a good time to be in the business of selling lumber.


Source: CBC News May 03, 2021 09:00 UTC



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