However it says gains were partially offset by significantly lower lumber and pulp shipments resulting from abnormally severe winter weather which limited railcar supply to Western Canada.
It also cites the 28 day truckers’ strike at the port of Vancouver, as another negative impact factor.
Lumber shipments were down 16 per cent from the previous quarter, but the company’s North American lumber sales realizations were up, largely due to a weaker Canadian dollar.
Pulp shipments were also down, 22 per cent from the previous quarter, but global softwood pulp markets showed a modest improvement in all major regions.
Looking ahead, North American lumber consumption is forecast to rebound in the second quarter of the year as warmer weather contributes to stronger demand in the residential construction market.