BC forestry industry "in a tail spin"

September 14, 2008

BC forestry industry "in a tail spin"

BC finance minister, Colin Hansen, has just released a report showing that forestry revenues in BC are down by 36 per cent.

Hansen was quoted in the Tyee's new election blog "The Hook" as saying: "The downturn we are seeing in the forest sector is unprecedented. Since 1993 it has never even come close to being that low."

The pine beetle, sub-prime crisis, high dollar and a series of forestry strikes in BC have all contributed to the downturn which the NDP finance critic Bruce Ralston characterized the industry as being "in a tail spin".