In 2012, the Canadian forestry industry accounted for about 1.2 per cent of total GDP, down from around 1.6 per cent in 2007. During the same period, almost 60,000 workers – about 20 per cent of the forestry workforce – were displaced.
Economists are very familiar with the basic principle: goods flows are matched by monetary flows of identical value – just in the reverse direction of flow. This way of thinking can be traced all the way back to a medical doctor.