B.C. 2023 budget forecasts revenue from forestry sector to tumble amid industry slump

Softwood lumber is pictured in Richmond, B.C., April 25, 2017.JONATHAN HAYWARD/The Canadian PressThe B.C. government is forecasting its forestry revenue could tumble nearly 55 per cent in the next fiscal year, reflecting decreased lumber prices and reduced timber supplies.Revenue from the forestry sector in British Columbia could decline to $846-million in the 2023-24 fiscal year,…