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Forest-products stocks on a roll as lumber prices soar. Here’s why the rally may continue Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer JONATHAN HAYWARD/The Canadian Press Lumber prices are soaring, driving big gains in the share prices of Canadian lumber producers so far this year. The best reason to stick with the rally rather than trying to time the top of the cycle: Stock prices aren’...

VANCOUVER - Lumber producer Interfor Corp. is buying a sawmill in South Carolina from WestRock Co. for US$59 million in cash.The news comes as North Ame...

Interfor says the mill it's buying produced about 125 million board feet of lumber in 2020 but has a permit to expand to about 200 million board feet per year. The purchase is expected to boost company capacity to 3.2 billion board feet per year, with 55 per cent in the Southern U.S. In a report quoting lumber market watcher Random Lengths, CIBC analyst Hamir Patel said western spruce, pine and fir lumber hit a new record high of US$963 per thousand board feet on Tuesday and the lumber composite price is less than one per cent away from its all-time high set in mid-September.

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