The Government of Canada is committed to helping the forest sector stay competitive, sustainable and resilient amid changing economic conditions. For more information on the measures available, visit federal support for forest sector employers and workers.
February 4, 2026
The most recent prices for key forest sector products in Canada published on a weekly basis by the Canadian Forest Service.
Information includes:
- softwood lumber prices in North America
- panel prices in North America
- monthly pulp prices in the United States, Europe and China
- exchange rates for Canada's main trade partners
Softwood lumber prices
Figure 1: Weekly lumber prices in North America
Note: Eastern spruce-pine-fir 2x4 #2 and better, Random Lengths composite prices and western spruce-pine-fir 2x4 #2 and better, kiln dried
Sources: 1) Random Lengths, used with publisher's permission
2) Madison's Lumber Reporter, used with permission granted by the publisher
View the table for weekly softwood lumber prices in North America
Table 1: Weekly softwood lumber prices in North America
Dollars per thousand board feet | January 30, 2026 | January 23, 2026 | 4-week average | 52-weeks average |
|---|---|---|---|---|
2x4 eastern spruce-pine-fir (Canadian dollars)Footnote a | 555 | 550 | 546 | 613 |
Composite (U.S. dollars)Footnote a | 433 | 426 | 417 | 423 |
2x4 western spruce-pine-fir (kiln dried) #2 and better (U.S. dollars)Footnote b | 460 | 460 | 449 | 465 |
2x4 western spruce-pine-fir (kiln dried) Utility #3 (U.S. dollars)Footnote b | 328 | 306 | 303 | 307 |
Panel prices
Figure 2: Weekly panel prices in North America
Note: Random Lengths structural panels composite prices, 15/32" 4-ply exterior southern, 1/2" 4-ply exterior western and 7/16" oriented strand board (north central)
Sources: 1) Random Lengths, used with publisher's permission
2) Madison's Lumber Reporter, used with permission granted by the publisher
View the table for weekly panel prices in North America
Table 2: Weekly panel prices in North America
Dollars per thousand square feet | January 30, 2026 | January 23, 2026 | 4-week average | 52-week average |
|---|---|---|---|---|
Composite (U.S. dollars)Footnote a | 446 | 444 | 442 | 469 |
15/32" 4-ply exterior (south) (U.S. dollars)Footnote a | 508 | 502 | 500 | 500 |
9.5mm 4-ply exterior (west) (Canadian dollars)Footnote b | 561 | 561 | 569 | 598 |
7/16" oriented strand board (north central) (Canadian dollars)Footnote b | 310 | 310 | 310 | 365 |
Pulp prices
Figure 3: Monthly pulp prices
U.S. dollars per metric ton
Source: TTO BMA, used with permission granted by the publisher
View the table for monthly pulp prices
Table 3: Monthly pulp pricesFootnote a
December 2025 | November 2025 | 3-months average | 12-months average | |
|---|---|---|---|---|
Northern bleached softwood kraft pulp (U.S.) | 1,535 | 1,550 | 1,568 | 1,705 |
Northern bleached softwood kraft pulp (Europe) | 1,495 | 1,495 | 1,495 | 1,520 |
Northern bleached softwood kraft pulp (China) | 685 | 665 | 672 | 722 |
Bleached chemithermomechanical pulp (China)Footnote b | 440 | 430 | 435 | 439 |
Exchange rates
Figure 4: Weekly exchange rates
Source: Federal Reserve
View the table for weekly exchange rates
Table 4: Weekly exchange rates
January 30, 2026 | January 23, 2026 | 4-week average | 52-week average | |
|---|---|---|---|---|
Euro—U.S. | 1.193 | 1.174 | 1.175 | 1.143 |
Canada—U.S. | 0.736 | 0.725 | 0.727 | 0.719 |
External services provide price information. Access to the underlying data is restricted.