Forestry a good option for investors
May 8, 2013 – The Canadian forestry industry might be a good alternative for resource investors who's mining stocks have been hit hard over the past few months, while waiting for a market turnaround in metals commodities.
The Canadian forestry industry and associated forest products companies, are capitalizing on an uptrend in U.S. housing starts.
Canada is the second-largest exporter of primary forest products next to the U.S., and the U.S. is Canada’s largest market for softwood lumber, used in home building. Because of that, the Canadian lumber industry closely tracks the trends in U.S. housing starts, as well as the exchange rate between the Canadian and U.S. dollar, since lumber is sold in U.S. dollars.
For the full article and a list of forestry product companies to consider, visit, www.resourceinvestingnews.com.
May 8, 2013 By Resource Investing News
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