Canada, US to Implement Softwood Lumber Accord on Oct. 12
To little, too late. Thanks to the bursting of the American housing bubble.
Slumping lumber prices could see sawmills close
Abitibi shutdowns chop 680 jobs
Abitibi-Consolidated cutting 700 jobs in Quebec and closing four mills
Other forestry companies including Cascades (TSX:CAS), Weyerhaeuser (TSX:WEF) and privately held Kruger have announced similar closures in Quebec and in other parts of Canada this year as the industry restructures to meet rising energy costs and lower demand for lumber and other wood products.
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