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1Q 2014 Forest Company Results
North American forest products companies reporting 1Q 2014 results so far this year include: Canfor, Norbord, Stella Jones, and Catalyst Paper. Canfor, out of Vancouver, BC, April 29 reported adjusted net income of attributable to shareholders of $45.5 million, or 33 cents per share in 1Q. That compares to $61.9 million, or 43 cents per…
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US 1Q 2014 Homes Sales 43 Per Cent All-Cash
All-cash purchases accounted for almost 43 per cent of all sales of US residential property in 1Q 2014, up from almost 38 per cent in the previous quarter and 19 per cent in 1Q 2013, according to data released Thursday from real-estate data firm RealtyTrac. Institutional investors — people or companies that have purchased at…
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Interfor Announces . . .
Vancouver, BC’s, Interfor Corporation announced Thursday that shareholders have approved proposals to change the Company’s name to Interfor Corporation from International Forest Products Limited, and to simplify the Company’s share structure. The new name is a direct link to the Company’s traditional trade name, and is consistent with the formal names of its US subsidiaries,…
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BC Invests
The Government of British Columbia’s has contributed $2.25 million to cellulose filaments (CF) research. The investment will be used as part of an existing R&D program focused on non-traditional applications of cellulose filament (CF) that are of interest to, and most beneficial to BC. FPInnovations’ cellulose filament research and innovation project is the subject of…
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US Pending Home Sales
Contracts to buy previously owned U.S. homes rose in March for the first time in nine months, a sign the housing market could be stabilizing after suffering a setback from a rise in interest rates and a severe winter. The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts…
