- RONA turns down $1.9 billion takeover bid by Lowe’s
- Economic signals still mixed at HIRI conference
- Education and motivation at the ProDealer Industry Summit
- Ace addresses 2011 strategy, supply chain
- RONA prowling for U.S. lumberyards
- Myrick no longer with ProBuild Holdings
- Lowe's posts sales and earnings declines in Q1
According to an article in The Globe and Mail, sales of British Columbia lumber to China have declined dramatically -- a major reversal from the strong sales of 2011.
Analysts continue to expect more growth in 2012, but Statistics Canada estimated a mere $67 million in B.C.-to-China lumber sales in December, down 36% from the same month in the previous year.
Canada lumber companies -- including Canfor, whose CEO Don Kayne visited China last week with Canadian Prime Minister Stephen Harper -- look to China as an increasingly important trading partner given the lack of construction in the United States.