The Canadian dollar continues to hover in the 91 cent U.S. range, its lowest level since 2009.
That’s not great news for those planning a trip south, but it is good news for companies like Nanaimo’s Harmac and Howe Sound Pulp and Paper on the Sunshine Coast.
David Elstone, a senior analyst with Gibsons-based ERA Forest Products Research, says even though the big market right now for pulp, and logs, is Asia the trading is done in U.S. dollars.
Elstone says another positive for the forest industry is the fact that much of the U.S. dollar’s strength is because of good economic performance, meaning more demand for B.C. lumber as the construction sector in the States rebounds.