National News

Housing to aid B.C. lumber exports: economist

By The Canadian Press

VANCOUVER - The federal Crown corporation that provides financing to Canadian exporters is forecasting that an increase in lumber shipments overseas will drive the B.C. economy for the next two years.

The forestry sector is predicted to grow by 15 per cent this year and another 10 per cent in 2015.

Export Development Canada's chief economist Peter Hall says recovery in the U.S. housing market and growing demand from China will fuel the need for lumber.

But he says constraints on supply could be a challenge.

Hall also says that agri-food exports and hydroelectric power account for about four to five per cent of total exports in B.C. but could increase because of the drought in California.

Hall was in Vancouver on Tuesday and addressed a lunchtime crowd of business leaders from small- and medium-sized companies about global economic trends.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

ICBC blocking record 25,000 drivers for Port Mann toll evasion
 
Familiar faces appointed to the Northwest Community College board table
 
Gone Fishin’s on the move
Homecoming delayed for Fernie child with AVM
 
Nanoose Bay couple builds tiny house
 
Rocky year ahead for B.C. mining
Silent visitor
 
Whitecaps indoor soccer tournament mixes Kootenay athletes
 
Newly implemented room tax is already paying off

Community Events, January 2015

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Jan 23 edition online now. Browse the archives.