First, there is no magic solution.
We’ve talked about this. I think we’re looking at opportunities for diversification, particularly in secondary and tertiary processing. We want to have products that use a lot more engineered wood. So we want to push diversification or integration further into the system. However, this will still take several years, and it will only consume part of the processing.
In fact, the programs we are currently discussing in Canada, which focus on increased house building, will only occupy a fraction of the market. We have to remember that there is a bit of everything in there. We need to be able to diversify into foreign markets, which will take more time. We need to use our products for many other applications. We are working extensively with organizations such as the Canadian Wood Council to increase the use of wood in construction. I am thinking in particular of certain types of housing for which wood is not currently used. I think we need to push in that direction.
Obviously, the biofuel aspect is also being considered. We are talking here about derivative products such as pallets, for example. There is even talk of sustainable aviation fuel. However, we are still several years away from achieving such things.
I think we should not delude ourselves: the United States needs Canadian wood, and we need them as a customer. This business relationship will continue for a very long time.
On the other hand, we must do everything we can to diversify. If we are able to transfer a certain percentage of what is sent to the United States to other countries, to make other products or other applications, I think that in a few years we will be in a much better position than we are today.