Canfor Corp. projects that lumber demand in North America will continue to be relatively weak throughout the third quarter of 2025. The company highlighted that ongoing economic uncertainty, housing affordability issues, low consumer confidence, and tariff-related concerns are expected to suppress demand and pressure prices in the near term. Despite these challenges, Canfor expects lumber prices—especially for Western spruce, pine, and fir—to gradually improve later in the third quarter. This anticipated recovery is partly driven by producers seeking to offset higher import duties scheduled to take effect in August. During the second quarter, North America ...
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