Canada’s softwood lumber exports to U.S. fall 22% in September as demand weakens

Canada’s softwood lumber exports to the United States declined sharply in September, falling 22% year on year, according to trade data published by Lesprom Network. The drop reflects weakening U.S. housing demand amid elevated interest rates, alongside ongoing trade frictions between the two countries. The decline in volumes coincided with an 8% fall in prices for Canadian softwood shipped to the U.S., further weighing on producers already facing mill curtailments and fibre constraints linked to wildfires. The pressure has been particularly acute in British Columbia, where supply limitations continue to reshape the industry. While the ...