Q: Hello to the 5i crew. Are lumber prices on the upswing? The reason I ask is that I still have a half position in Western forest Products (WEF) and it has gone from dead money to up about 25 per cent in 2026. I did notice that the big boy in North American lumber WFG is up a bit as well. So what's up? The home builders are not really blazing ahead with housing starts and the whole forestry industry seems moribund! So why are lumber stocks getting a bit of a lift? Is there something percolating under the surface that us little retail guys can't see? If my shares in WEF were in a taxable account I would have sold them in December but they are in a RSP. Should I count myself lucky and get out of WEF after this upswing or is there something going on that might make it go higher?

Q: We hold both in cash accounts and need to put one or both (total $14k) into two TSFAs. All tax implications being equal ,which one or a combination of both do you recommend taking from taxable cash accounts and putting into TSFAs?
Happy New year ,and thanks for all your hard work.
Philip

Q: HI guys
I remember Ross Healy saying early in his career he covered forestry stocks as an analyst, and he commented that the time to buy these stocks is not when everything is rosy, but when there is blood in the streets in terms of of bad news and low building starts. In terms of valuation, and longer term opportunity and appreciation is there any reason to buy lumber companies now - like West Fraser - which I know you have liked in better times?

Much thanks

stuart