Canada's wood industry to return to the black in 2010
"After years plagued by bad news, the wood products industry is on the road to recovery," said
After 13 consecutive quarters of production declines, the industry experienced growth in the third quarter of 2009. Production is expected to increase by almost 10 per cent in 2010.
The wood products industry is expected to lose over
The adoption of the harmonized sales tax (HST) in British Columbia and Ontario should help improve the industry's competitiveness. Under the HST, wood producers will no longer have to pay taxes for production inputs such as equipment and materials, reducing industry costs and allowing them to invest in new technologies.
For further information: Brent Dowdall, Media Relations, Tel.: (613) 526-3090 ext. 448, E-mail: [email protected]
Share this article