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Jan 24, 2022

Why are lumber prices skyrocketing? The answers are in Canada.

Also today: The U.S. and China have engaged in a duel of flight cancellations. Today’s markets are mostly continuing a selloff as there’s plenty of uncertainty to go around.

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Timber on the dock of a New Zealand port in February. Demand for lumber hasn't slowed, but production has.
Timber on the dock of a New Zealand port in February. Demand for lumber hasn't slowed, but production has.
Phil Yeo/Getty Images

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Why are lumber prices skyrocketing? The answers are in Canada.