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Skeena Sawmill Closes
Hot weather and cool markets in China have resulted in the almost total closure of Skeena Sawmills, Terrace, BC’s, only large sawmill, according to the Terrace Standard Friday. A skeleton crew of 10 people from what was a 90-person workforce is left working. The mass layoff will last at least a month, said Mill official…
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North America Solid Wood Product Exports: 2Q 2015
Canada posted its second-biggest trade deficit on record in April partly due to a weak performance by nonenergy exports. Canada’s trade deficit for April narrowed to $2.97 billion from a revised $3.85 billion in March, Statistics Canada said Wednesday. The consensus is that the US trade deficit, to be released Tuesday, will be at US$42…
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Housing Analysis: US Home Prices Edge Higher As Supply Declines
The upward pressure on US home prices is being driven more by supply than demand. And this is lifting the housing sector of late: • Momentum in US sales of both new and existing homes; • Post-bubble burst, price has appreciated much faster than sales improvement; and, • Builders express optimism but are cautious in…
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Railcar Traffic of Forest Products, North America
The volume of rail freight carried in Canada totalled 30.5 million tonnes in April, up 1.7 per cent from the same month last year, said Statistics Canada Wednesday. Freight originating in Canada rose 2.5 per cent to 27.1 million tonnes. Non-intermodal freight rose 3 per cent to 296,000 carloads. The amount of freight loaded into…
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Canada Investment in Housing Construction: April 2015
Investment in Canadian new housing construction rose 2.3 per cent to $3.9 billion in April compared with the same month in 2014, according to Statistics Canada Monday. Higher investment in apartment and condominium building construction was responsible for most of the national advance, rising 7.9 per cent to $1.3 billion. Single-family dwellings were the lone…
