Profits sprout in Canada’s wood products industry
Canada's wood products manufacturing industry is set to earn $381 million in pre-tax profits this year, marking its third consecutive year in the black, according to The Conference Board of Canada's Industrial Outlook-Autumn 2012.
With industry profits forecast to quadruple this year, Canada's wood products manufacturers are reaping some of the benefits of their restructuring during the past decade. Profits are forecast to double in 2013 to $787 million and exceed $1 billion annually beginning in 2014.
