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Canadian dollar rise hits B C lumber sector
Canadian dollar gains above 1.02 US boost. mills in Fort St. James and Cantor plan week long shutdowns amid low lumber prices. Industry observers warn of deeper curtailments as housing slows and exports taxed. Analysts see bleak 2008 with potential 2009 recovery amid 500 million board feet European lumber on US East Coast.
MENTIONED IN THIS ARTICLE
Steelworkers Union
Pope & Talbot
Fort St. James
Paul Quinn
Quinn
B.C
Canada
U.S
Cater