Canada is battling numerous wildfires that are burning down a considerable amount of forests, which experts say will inevitably hurt the country’s lumber industry. …Though the extent of the damage has not yet been determined, the impact will weigh on Canada’s lumber production, says John Duncanson of Corton Capital. …He believes these pressures on supply will ultimately drive lumber prices higher. …”It’s the worst I’ve seen in 30 years,” says Louis Bouchard at Resolute Forest Products. …He agrees that the situation calls for political intervention when it comes to how Canadian forests are managed to help alleviate the issues. Forest fires are just an addition to the already existing challenges that the lumber industry faces, one expert explained. “Any sort of fire activity adds incremental strain on Canada’s lumber industry,” John Cooney, at ERA Forest Products Research,

In a separate video, Daryl Swetlishoff, at Raymond James on his top lumber picks.