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Export Development Canada Reduces Forecast
Export Development Canada has slashed its forecast of goods exports this year to 2 per cent, down from a previous estimate of 7 per cent. While natural resources continue to struggle under lower prices and sluggish demand, double-digit growth in consumer goods, automotive, and aerospace sec– tors will drive Canada’s overall exports to grow by…
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Conifex, Dunkley Sign
Conifex Timber, out of Vancouver, BC, signed a cooperation agreement on timber harvesting activities in the Mackenzie Timber Supply Area with Hixon, BC, sawmilling company Dunkley Lumber on 12 April, Conifex announced Friday. According to the terms of the agreement, Dunkley acquires 50 per cent of the shares in an undisclosed subsidiary of Conifex at…
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Interfor, Domtar, Norbord Report: 1Q 2016
Interfor, out of Vancouver, BC, recorded adjusted EBITDA of $33.4 million on sales of $433.9 million in 1Q 2016 compared to $35.8 million on sales of $411.4 million in 4Q 2015, the company announced Thursday. Net earnings were $0.8 million, or $0.01 per share, compared with net losses of $3.5 million, or $0.05 per share,…
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Major Railway Trestle Bridge Fire in Alberta
Police in Mayerthorpe, AB, said the re that destroyed the CN Rail trestle bridge started under suspicious circumstances, according to CBC Wednesday. The re is the fifth the local RCMP detachment has been called to in the past 30 days. Crews responded to 17 res locally in the last seven days, all wildland or grass…
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Japan Log and Lumber Imports: Canada and US 2015
There was little change last year in Japan’s import volumes of North American lumber, and of US logs, according to Japan Lumber Journal Friday. Japan’s imports of Canadian logs, however, dropped significantly in both volumes and values. Volumes of Japan’s imports of US logs increased by 7.9 per cent in 2015 compared to the previous…
