Canadian lumber production off by 40 per cent

The recession has cut the Canadian lumber industry down to little more than half its peak size, according to a report by the International Wood Markets Group.

In its annual report on the top 20 North American lumber producers, Vancouver-based Wood Markets states that Canadian lumber production is down 45 per cent to 19.4 billion board feet from its 2004 peak of 35.1 billion board feet.

Much of that decline was in the last year, when production fell by 21 per cent in the East and 17 per cent in the West, the report states.