“We already think we’re teetering into a downturn, and this would just make things worse,” said Tony Stillo, director of economics for Canada at Oxford.
The recent fires have left some lumber mills idle, for example, as workers have been evacuated.
“It’s safe to say there’s going to be a supply crunch in Canada as we work through this,” Mr. Nighbor said.
The tourism industry is also being hit, as the fires erupted just as operators were going into the crucial summer season — sometimes far from the fires.
The road has since reopened, but only one lane at a time, and drivers need to wait up to an hour to get through.
Persons:
”, Tony Stillo, Derek Nighbor, Mr, Nighbor
Organizations:
Canada, Oxford, Forest Products Association of Canada, Business
Locations:
British Columbia, Canada, Tofino, Vancouver