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Lumber futures fell to around $530 per thousand board feet, remaining near their lowest level in nine months, as rising borrowing costs weigh on housing demand. Growing concerns over inflationary pressures have fueled a broader selloff in global government debt markets, pushing yields to their highest level in nearly t
Lumber futures fell below $550 per thousand board feet to the lowest level in nine months as elevated borrowing costs weighed on housing demand.
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Canadian seasonally adjusted housing starts were 229,046 in August, versus a revised 229,360 units in July.