U.S. dollar to Canadian dollar exchange rate should also be taken into account.
Canada's production of softwood and hardwood lumber reached a low point in December 2022, but it recovered since then with 4.8 million cubic meters produced in March 2023. There are also some factors that tend to impact United States cross-border purchases of Canadian lumber. Nominal price movements as well as tariffs can also have an impact, but then the Softwood and hardwood lumber production in Canada from January 2014 to June 2023 (in 1,000 cubic meters)
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StatCan. (September 4, 2023). Softwood and hardwood lumber production in Canada from January 2014 to June 2023 (in 1,000 cubic meters) [Graph]. In Statista. Retrieved September 26, 2023, from https://www.statista.com/statistics/377249/production-of-lumber-in-canada/
StatCan. "Softwood and hardwood lumber production in Canada from January 2014 to June 2023 (in 1,000 cubic meters)." Chart. September 4, 2023. Statista. Accessed September 26, 2023. https://www.statista.com/statistics/377249/production-of-lumber-in-canada/
StatCan. (2023). Softwood and hardwood lumber production in Canada from January 2014 to June 2023 (in 1,000 cubic meters). Statista. Statista Inc.. Accessed: September 26, 2023. https://www.statista.com/statistics/377249/production-of-lumber-in-canada/
StatCan. "Softwood and Hardwood Lumber Production in Canada from January 2014 to June 2023 (in 1,000 Cubic Meters)." Statista, Statista Inc., 4 Sep 2023, https://www.statista.com/statistics/377249/production-of-lumber-in-canada/
StatCan, Softwood and hardwood lumber production in Canada from January 2014 to June 2023 (in 1,000 cubic meters) Statista, https://www.statista.com/statistics/377249/production-of-lumber-in-canada/ (last visited September 26, 2023)
Softwood and hardwood lumber production in Canada from January 2014 to June 2023 (in 1,000 cubic meters) [Graph], StatCan, September 4, 2023. [Online]. Available: https://www.statista.com/statistics/377249/production-of-lumber-in-canada/