Source: Christopher Reynolds, The Canadian Press, December 11, 2019
Consumers on the hunt for a Christmas tree have little to cheer about this year, as prices are through the roof due to a shortage of trees that can be traced back to the 2008 financial crisis.
The Great Recession put thousands of American Christmas tree farmers out of business, resulting in far fewer seedlings being planted. As trees have a maturity cycle of 10 years, the lack of supply is just now beginning to bite, pushing up U.S. demand for Canadian Christmas trees and causing higher prices for consumers across the continent.
“We’ve got a shortage of Christmas trees,” said analyst Paul Quinn of RBC Dominion Securities.
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