Canwood closing operations this summer

Knell, Michael J.
March 2008
Furniture/Today;3/24/2008, Vol. 32 Issue 29, p6
Trade Publication
The article reports that Canwood Furniture, a furniture company in Penticton, British Columbia, will end its business operations due to economic crisis. Other causes to the company's business closure include, the tightening of labor market, the rising value of Canadian dollar, the increase of furniture imports from Asia, and the weakening U.S. retail industry. Canwood specializes in solid lodge-pole pine adult bedrooms, youth bedrooms, home office and wall systems.


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