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More gains seen for Canada’s top commodity

Blog by Brad Herman | April 28th, 2013

Lumber prices are near the highest level in more than eight years, but Raymond James analyst Daryl Swetlishoff sees the price of Canada's best performing commodity climbing even higher on the back of strong offshore demand.

Lumber, used in the construction of new homes and seen as a proxy for the housing market, climbed recently to a one-year high of $399.80 US per 1,000 board foot. That was close to the March 31, 2005 high of $400.70.