“At a time of year when ordinarily we’re building inventory because we’re going into spring and summer construction season, nobody wanted to be stuck carrying a lot of inventory,” he said.īut demand was actually stronger than normal because people were stuck in their homes, many had received stimulus cheques and decided to embark on home renovation projects, said Wilde and other analysts. operated at 86 per cent of their capacity, according to Wilde. operated around 69 per cent capacity, and mills in the southern U.S. The effect was most pronounced in B.C., where in April, sawmills cut back to 39 per cent of operating capacity, while mills in the rest of Canada and the western U.S. Mark Wilde, an analyst at BMO Capital Markets who covers the forestry sector, said the pandemic caught everyone off-guard because overnight the economy shut down and lumber companies stopped receiving new orders from large buyers. This advertisement has not loaded yet, but your article continues below.
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