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US Lumber Production Increases in March, Up Slightly in 1Q 2017: WWPA

US Lumber Production Increases in March, Up Slightly in 1Q 2017: WWPA

US lumber production increased 10.7 per cent in March compared to the month prior but declined 0.5 per cent from March 2016, according to statistics from the Western Wood Products Association’s Lumber Track. Production totaled 2.941 billion board feet (BBF) in March. Production in the West jumped 14.9 per cent over February, while output in the South increased 7.4 per cent. For the first quarter, US production totaled 8.251 BBF, edging 1.2 per cent higher than the same period in…

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Canada’s Lumber Market Forecast: Conference Board

Canada’s Lumber Market Forecast: Conference Board

Following its strongest showing in three years, production growth in Canada’s wood products industry is expected to moderate significantly in 2017 due to the incoming US trade restrictions on Canadian softwood lumber, according to The Conference Board of Canada’s Canadian Industrial Outlook: Canada’s Wood Products Manufacturing Industry, released Friday. Canada’s wood products manufacturers will see pre-tax profits shrink from $1.8 billion in 2016 to $1.4 billion this year and $1.1 billion in 2018, as the United States issues duties averaging…

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Canada Wholesale Trade, Lumber Exports: March 2017

Canada Wholesale Trade, Lumber Exports: March 2017

Canada’s merchandise trade balance with the world narrowed to a $370 million deficit in April, from a revised $936 million deficit in March, said Statistics Canada Friday. Exports rose 1.8 per cent to $47.7 billion, led by higher exports of passenger cars and light trucks. Imports were up 0.6 per cent to $48.1 billion, on the strength of import prices. Canada’s trade activity has been strong in recent months, with Canada’s total merchandise trade (exports plus imports) reaching a record…

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Madison’s Forest Pulse: 1Q 2017 Data

Madison’s Forest Pulse: 1Q 2017 Data

North American Sawmill Sales, Lumber and Log Supply and Production, Imports and Exports The latest data, some only just released from Statistics Canada, US Census, Industry Canada and others, is now combined into a sleek and concise visual format. Contact our office today for your subscription! Don’t miss out on this forward-indicator of Canada and US lumber movement and consumption:

Certain Softwood Lumber Products from Canada: Proposed Scope Exclusions

Certain Softwood Lumber Products from Canada: Proposed Scope Exclusions

On May 5, 2017, the Government of Canada submitted comments with the International Trade Commission and the US Department of Commerce regarding proposed scope exclusions  currently under consideration in this latest round of Canada-US Softwood Lumber Dispute. The requested exclusions are for items not included in the 2006 Softwood Lumber Agreement and of remanufactured lumber products. Intrepid US Customs Broker Mike Jones has provided Madison’s Lumber Reporter with the most recent filings, requesting exclusions: Certain Softwood Lumber Products from Canada: Comments on…

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Rayonier Advanced Materials to Buy Tembec

Rayonier Advanced Materials to Buy Tembec

In a stunning move sure to overjoy shareholders, Montreal, QC’s, Tembec Thursday announced it is entertaining a takeover bid by Rayonier Advanced Ma- terials, based out of Jacksonville, FL. Tembec is selling to Rayonier for $4.05 a share in cash or the equivalent in Rayonier shares. The $320-million offer, which also includes the assumption of $487-million in debt, represents a 37-per-cent premium to Tembec’s share price at Wednesday’s close. Rayonier Makes Bid for Tembec Rayonier Advanced Materials, out of Jacksonville,…

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Latest Softwood Lumber Dispute Rumblings

Latest Softwood Lumber Dispute Rumblings

The federal government’s aid package for the Canadian softwood lumber industry is expected to go before cabinet Tuesday for final approval. Also, after newly appointed US Trade Representative Robert Lighthizer said this week that he hoped the issue could be resolved before the formal start of negotiations on the trilateral NAFTA trade agreement, according to the TheStreet Thursday. Canadian Foreign Minister Chrystia Freeland told legislators on Wednesday that “the US, when it comes to softwood lumber, has made no offers…

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IMM Information Notice 17-IMM-001, Recommendation for Processing Entries Subject to the Canadian Softwood Lumber Countervailing Duty (CVD) Case C122-858

IMM Information Notice 17-IMM-001, Recommendation for Processing Entries Subject to the Canadian Softwood Lumber Countervailing Duty (CVD) Case C122-858

More excellent word from Madison’s very worthwhile source on the development of new softwood lumber duties for Canadian exporters shipping into the US: US Customs Brokers are instructed to revise all entries of Canadian softwood lumber captured by the present Canadian Softwood Lumber CVD Case facilitated on or after January 28, 2017 to type 03 CVD entries, and to collect and remit the CVD duties for these shipments at the specific CVD Case Rates by July 7, 2017. “We wanted…

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Canada Building Permits: March 2017

Canada Building Permits: March 2017

The value of building permits issued by Canadian municipalities fell 5.8 per cent to $7 billion in March, marking a second consecutive monthly decrease, said Statistics Canada May 9. Nationally, the decline was mainly the result of lower construction intentions for multi-family dwellings, particularly in British Columbia and Ontario. All provinces and territories, except Ontario and Quebec, registered decreases in the total value of building permits in March. Canada Building Permits: March 2017 Municipalities issued $4.6 billion worth of residential…

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New USTR Appointment Passes Senate

New USTR Appointment Passes Senate

One of many, many outstanding questions on the new Canada-US softwood lumber dispute was answered Friday morning when the US Senate approved US President Donald Trump’s appointment of US Trade Representative. The upper chamber voted with a large bipartisan majority Thursday to approve Robert Lighthizer, which gives the administration its U.S. trade representative and allows it to kick-start its NAFTA process, according to CBC Friday. Lighthizer was deputy U.S. trade representative under president Ronald Reagan and has worked on trade…

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