The Globe and Mail reports in its Wednesday edition that RBC analysts Matthew McKellar and Paul Quinn expect demand for wood products will trend higher in 2024, but they think the near-term fundamental outlook for lumber is stronger than for oriented strand board (OSB). The Globe's David Leeder writes that Mr. McKellar and Mr. Quinn say in a note: "We expect interest rates could move somewhat lower through 2024 and begin to catalyze somewhat stronger demand year-over-year later in the year. Wood products inventory levels through the chain are also lean, which suggests to us that even a moderate improvement in demand could translate quickly into stronger pricing. We expect lumber markets to also benefit from lower imports from Europe, and declining production in British Columbia. However, in OSB markets, recent and near-term additions will add capacity equivalent to 5.5 per cent of the existing industry, excluding the restart of the Tolko mill in High Prairie (which itself is another 2.5 per cent); as such, we forecast OSB pricing modestly above cash costs in 2024." Mr. Quinn continues to rate Canfor "outperform." He cut his share target back by $5 to $22. Analysts on average target the shares at $23.40.