Supply and demand
The law of market supply and demand has caused many severe problems. Temporary layoffs, loss of jobs, and even shut downs all had to be executed because of supply and demand. The key industries, being mining and forestry are the most affected by market supply and demand. With such a large forestry base, this region specializes in the lumber industry. The lumber industry is what has been affected the most by the laws of supply and demand. This includes the plywood, paper and pulp, and many more lumber products. Because of excessive supply, the paper and pulp industry took a massive fall in profits. The price of its products fell drastically and caused its business to be stolen by other competitors. The price on softwood lumber was also decreased. Supply and demand caused it to drop by 12.4% in 2005. In 2008, a majority of forestry operations had to be halted because of a significant drop in demand of forest products. The mining industries on the other hand, have been minimally affected.