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Quarterly and Year-End Results
Norbord, Potlatch Corp, and Weyerhaeuser all reported financial results this week. Norbord Wednesday reported adjusted EBITDA of $90 million in 2014 compared to $287 million in 2013, on 31 per cent lower North American benchmark OSB prices. In 4Q 2014, Norbord recorded adjusted EBITDA of $15 million, unchanged from 3Q, and $14 million lower than…
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International Trade Relations, USA/Canada
As global economic conditions continue volatile, even unstable, Canada is in the midst of negotiating several trade agreements, and is also suffering some trade complications. For the past several years the governments of Europe, Asia, and the Americas have been embarking on multi- and bi-lateral trade deals, with varying levels of success. Chief among these…
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Canada Wholesale Trade : Nov 2014
Canada’s wholesale sales declined 0.3 per cent to $54.0 billion in November, following two consecutive monthly gains. Decreases were recorded in three of seven subsectors, led by the machinery, equipment and supplies subsector, and were partially offset by higher sales in the motor vehicle and parts subsector. In volume terms, wholesale sales were down 0.3…
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Quantitative Easing, Japan
Japan’s central bank expanded its quantitative easing program in October, swelling Japan’s monetary base by around 80 trillion yen (US$682.9 billion) per annum. The BOJ was expected to cut its consumer price index forecasts to 1.5 per cent when it wraps up its two-day meeting Wednesday, according to local media reports. Japan, QE The latest…
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CP Rail Reports
Canadian Pacific Railway, Canada’s second-largest railroad operator, reported a higher-than-expected quarterly profit Thursday as freight volumes jumped and operating efficiency improved. CP Rail’s operating ratio – or operating costs as a percentage of revenue – improved to 59.8 per cent in 4Q 2014, from 92.9 per cent a year earlier. Quarterly Results, CP Rail CP…
