Industry on the rebound: Seeking growth among forestry stocks

By Peter Ashton
The Globe and Mail
January 17, 2019
Category: Business & Politics
Region: Canada

Most wood products and forestry stocks performed well for Canadian investors in recent years. …Red-hot demand for Canadian wood products pushed many forestry stocks to new highs in early 2018. However, falling lumber prices and signs of a slowing U.S. housing market began to take their toll in mid-2018. However, these stocks… have recovered well over the subsequent weeks. In fact, the forestry and wood products industry is one of the TSX’s best performing industries over the past month, up 10.8 per cent. …Topping our list is diversified wood products firm West Fraser. Ltd. …No company on our list suffered more in 2018 than Canfor. After reporting very strong results in October, Canfor has now started to rally – up 6.1 per cent in the past four weeks. One of the best performers on our list over the past four weeks has been Interfor, up 10.2 per cent. [to access the full story you will need a Globe & Mail subscription]

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