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CIBC Chopping Block (March 23): Lumber prices move higher, supported by better weather, with W. SPF up 2.2% week-over-week to US$368/mbf, SYP 2x4 up 2.2% to US$500/mbf; DIY end-markets remain robust, evidenced by healthy purchases from box stores/treaters

US, in past 10 years, has consumed 38% more lumber on average than it produced annually; but recent policies threaten Canada's position as a preferred forestry trading partner, while European lumber exports to US have doubled since February 2021: FPAC CEO

Price of benchmark framing dimension lumber grade Western SPF 2x4 #2&Btr KD (RL) in week ended March 24 up 4% from prior week to US$380/mbf, down 73% year-over-year: Madison's

Sawmills, environmentalists swap sides on Washington state's carbon bill; once seen as a threat to mill timber supplies, amended bill directs DNR to keep logging state lands while earning new revenue from selling forestry carbon credits

Mayor of Houston, British Columbia, calls on province for economic assistance as forestry communities adapt to rapidly changing environment; closure of Canfor sawmill is imminent but Shane Brienen stresses 'Houston's future is not tied to one industry'

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