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Canada Lumber Production: April 2017
Lumber production in Canada was down 7.1 per cent from March, to 5,778.2 thousand cubic metres of lumber in April, according to Statistics Canada July 7. Production was 1.8 per cent lower than in April 2016. Sawmills shipped 5,886.6 thousand cubic metres of lumber in April 2017, up 0.8 per cent from March and 4.1…
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US Residential Construction Spending and Investment: May and 1Q 2017
National Association of Home Builders analysis of Census Construction Spending Wednesday data shows that total private residential construction spending in the US fell -0.6 per cent in May, the first decline after a strong start this year and the largest one since June 2014. Elsewhere, final estimates of 1Q 2017 GDP growth (revised up two-tenths…
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Canada Building permits: May 2017
Canadian municipalities issued $7.7 billion worth of building permits in May, up +8.9 per cent from April and the third highest value on record, according to Statistics Canada Thursday. The national increase was mainly the result of higher construction intentions for residential buildings, particularly in Ontario. Seven provinces registered gains in the total value of…
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Update of Friday’s Softwood Lumber Rumours: More Rumours
A very good source to Madison’s in Québec has stated this morning that: “ U.S. Commerce Secretary Wilbur Ross and the US side proposed, in their latest discussions with Canada’s Foreign Minister Chrystia Freeland – source in the Canadian industry that spoke with Chrystia Freeland’s office Friday. A source close to the US Lumber Coalition…
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Credible rumours of Tentative Softwood Lumber deal: Canada-US
A reliable source in Ottawa has conveyed that, although not signed, and subject to further negotiations, Canada’s Christina Freeland and the U.S.’ Wilbur Ross “shook hands” on a ten year Canada – U.S. Softwood Lumber Agreement. The SLA would terminate the present Canadian Softwood Lumber AD/CVD case, and be replaced with volume restrictions in the…
