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Canfor Canal Flats, BC, Lays off 81
Canfor, headquartered in Vancouver, BC, February 5 announced to their Canal Flats, BC, employees that the mill would be going from two shifts to one affecting 81 employees due to lack of economically available fibre effective May 4, 2015. Doug Singer, President of United Steelworkers Local 1-405 in Cranbrook, BC, told the Kootenay Advisor, “This…
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British Columbia Sawmill Dust Control
WorkSafeBC now has new powers to shut down workplaces, impose penalties on the spot, collect evidence, and compel payment of fines against employers who don’t comply with safety rules. WorkSafeBC has been overhauling investigation and inspection methods after flawed techniques were cited by the Crown for its decision not to lay criminal charges in both…
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US Leading Economic Index: January 2015
Suggesting a positive short-term outlook, the Conference Board released a report Thursday showing a modest increase by its index of leading US economic indicators in the month of January. The Conference Board said the leading economic index edged up by 0.2 per cent in January following a downwardly revised 0.4 per cent increase in December.…
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Mortgage Delinquency and Foreclosure Rates, US
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.68 per cent of all loans outstanding at the end of 4Q 2014, according to the Mortgage Bankers Association Wednesday. The delinquency rate for mortgage loans was the lowest level since 3Q 2007. The delinquency rate decreased 17…
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US Southern Pine, Hardwood Lumber Exports: 2014
Southern Pine lumber exports finished 2014 at a record volume of just over 552 mmbf, a jump of 17 per cent above the 2013 export total, said the Southern Forest Products Association Friday. Southern Pine lumber exports have more than doubled in the past five years, the agency said. Meanwhile, US exports of hardwood lumber…
