Mills are running at five-year highs as a U.S. housing rebound and near-record Chinese demand push Canadian lumber industry profits to its highest level in six years, according to an article from Bloomberg. Lumber mills in British Columbia, the hub of the country's forestry industry, ran at 86% of production capacity during the first five months of 2012, compared with 82% for all of 2011. “We’re extremely early on in the lumber cycle and it has the potential to be a four-year run,” said Paul Jannke, a lumber market analyst at Westford, Mass.-based Forest Economic Advisors.

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