Mining and
energy aren't the only Canadian sectors showing promising
signs in M&A activity of late. A recent Financial Post article reports that
Canada's forestry industry is also seeing a rise in sales and
deal activity. The Post's article highlights the U.S. housing
market rebound and a shift towards Asian markets as key
contributors to the upswing in Canadian forestry.
Canada's lumber companies struggled following the 2008
crisis as the U.S. housing market hit a standstill. With its main
market stalled, the industry was forced to turn to new customers,
pivoting to China, and increasingly to India and Japan, to
diversify its market reach and tap alternative sources of revenue.
The U.S. economy has since improved, and the rise in U.S. housing
starts has been another positive development for Canadian
lumber corporations.
