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Sawmill Fire
A fire was reported Wednesday in one of the storage buildings at Cottles Island Lumber Company on Cottles Island, near Summerford, NL. Fire fighters from Summerford and Twillingate were still on scene Thursday. By the time firefighters reached the burning warehouse after being alerted by a passing motorist, it was entirely engulfed, said fire chief…
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Forest Product Manufacturing, Sales, Export Data
The latest round of data releases for January and February, out this week from Statistics Canada and Industry Canada, are shaping up to tell a great story for the next issue of Madison’s Forest Pulse (to be emailed May 4). Also the Western Wood Products Association’s most recent issue of Lumber Track, out Thursday, provides…
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Edgewood Invests in Carrot River
The sawmill in Carrot River, SK, is getting an upgrade that its owner says will create 50 new jobs, according to CBC Thursday. Edgewood Forest Products said it will spend $25 million to replace existing equipment. The company said the new equipment will expand operations and reduce log-processing costs. The equipment is expected to be…
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House Prices Up 5 Per Cent
The recent release by the FHFA shows that its US House Price Index – Purchase Only, rose by 5.1 per cent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, house prices have risen by 20.1 per cent. Elsewhere, on a…
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US Purchasing Managers Index, Canada Producer Price Index
March data pointed to a positive month for U.S. manufacturing business conditions, with momentum building again after a slowdown at the turn of the year, said Markit Wednesday. This was highlighted by stronger rates of output and new business growth, alongside sustained job creation during the latest survey period. New export sales remained a source…
