The weakening dollar is a little bit of good news for an otherwise troubled forest industry.
The province-wide series of Canfor summertime mill closures begins today and is scheduled to run until mid-August.
However, not in Fort St. John where a two week curtailment is not set to begin until July 20th.
In terms of lumber production, the Company expects it will remove, approximately 95 million board feet. Canfor says mill employees are being encouraged to use vacation time, to cover the down time.
However, some of the shutdowns are scheduled to run, for up to four weeks and employees will not get paid for any down time which isn’t coverered by vacation time…meaning they will need to apply for employment insurance.