News for Canfor Corporation (NKC.F)

Record high lumber prices have left North American forestry companies flush with cash, setting the stage for more forestry M&A activity in 2021. Lumber prices broke records in September and again in February, inching towards US$1,000 per board feet for the first time.

Saw mill operators are harvesting gains while Southern landowners are struggling with a surplus of trees. ”I’m not making anything,” said one Georgia timber veteran.