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US Home Building, Sales, Prices
New housing starts data came out of the US this week with a powerful bang. It is important to note that the highest increase in new home building continues to be in the multi-family sector, but for April even single-family building is up more than 10 per cent on a seasonally-adjusted basis. Other indicators continue…
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Sawmill Curtailments
Tembec is suspending operations at its three sawmills in Québec due to the high cost of wood supply in the Abitibi-Témiscamingue region. The company says the wood costs make its sawmills uncompetitive given the persistent weak market prices for lumber in North America. The move affects 360 direct jobs at Tembec. Tembec is still trying…
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US Freight and Rail Transport Data: March 2015
The Ontario Trucking Association’s 2Q 2015 business conditions survey shows that nearly half of Ontario carriers reported freight volume increases in the previous three months, compared to carriers in the 4Q 2014 survey. Freight and Rail Transport Data, US: April 2015 This is the first time in 18 months that less than 30 per cent…
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US Housing Starts: April 2015
US housing starts jumped to their highest level in nearly 7-1/2 years in April and building permits soared. Groundbreaking surged 20.2 per cent to a seasonally adjusted annual pace of 1.14 million units, the highest since November 2007, the Commerce Department said Tuesday. The per cent increase was the biggest since February 1991. Adding to…
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Canada Wholesale Trade
Wholesale sales rose 0.8 per cent to $53.9 billion in March after two consecutive monthly declines, said Statistics Canada Wednesday. Higher sales were recorded in five of seven subsectors, accounting for 66 per cent of total wholesale sales. In volume terms, wholesale sales increased 1.0 per cent. Following two consecutive monthly declines, the building material…
