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Softwood Lumber Smack Talk
In a new development best received with foreboding, 25 US Senators this week sent a signed letter to US Trade Representative Michael Froman alleging “Canadian lumber is subsidized, unfairly traded and has had decades worth of well-documented adverse economic impacts in the US.” As a result of this communication, Canada’s ambassador to the US, David…
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Conference Board of Canada 2016 Growth Forecast
A new Conference Board of Canada report has downgraded its projections for Canada’s economic growth in 2016 from 1.6 per cent to 1.4 per cent, despite a strong start to the year. The wildfires that damaged much of Fort McMurray, AB, and the surrounding areas, a weakening global economy, and the ongoing and significant deterioration…
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US Existing Home Sales
Total US existing-home sales climbed 1.1 per cent to 5.57 million in June, from a downwardly revised 5.51 million in May, said the National Association of Realtors Thursday. US Existing Home Sales Total existing-home US sales climbed 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June from a downwardly revised 5.51…
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North America Rail Traffic: July 2016
The Association of American Railroads reported Thursday that US rail traffic for the week ending July 16, 2016, totalled 520,222 carloads and intermodal units, a 5.6 per cent decrease compared to the same week in 2015. North American Rail Traffic Update: July 2016 US railroads’ traffic slump continued for the week ending July 16. Total…
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Housing Starts, US: June 2016
US housing starts for June surged 4.8 per cent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on Tuesday. May’s starts were revised down to a 1.14 million-unit pace from the previously reported 1.16 million-unit pace. US Housing Starts Housing starts in 2Q were a touch higher than the…
