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Canada Housing Starts
Canadian housing starts rose more than expected in February, data released on Monday showed. The seasonally adjusted annualized rate of housing starts rose to 192,094 units last month from a upwardly revised 180,481 in January, the Canada Mortgage and Housing Corp said. Housing Starts, Canada The quantity of new homes on which construction began exceeded…
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Port Metro Vancouver “Action Plan”
The federal and BC governments and Port Metro Vancouver announced late a 14-point plan to resolve an ongoing strike by container-truck drivers they say has severely impacted the national economy. The port is now expected to consult with the industry and plans to implement the reforms by June 15. Among the 14 points is a…
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Ainsworth, LP Adjust Timing
Ainsworth Lumber, based in Vancouver, BC, and Louisiana-Pacific, out of Nashville, TN, announced Tuesdsay that as a result of continued discussions, they have amended the previously announced timing agreements with each of the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice . The companies will provide14 days written notice before…
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Stella Jones Reports
Montreal, QC’s, Stella-Jones earned $19.7 million, or 29 cents per diluted share, for the three-month period ending December 31, the company announced Friday. This compared to $16.5 million, or 25 cents per share, in the same period a year ago. Sales increased to $211.9 million, from $159.3 million a year earlier. The sales included $49.3…
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West Fraser Acquires
West Fraser Timber, out of Vancouver, BC, has acquired Travis Lumber Co’s sawmill and lumber manufacturing operations based in Mansfield, AR, the company announced Monday. In 2013, Travis Lumber’s sawmill produced more than 100 million board feet of lumber. West Fraser said it plans to invest additional capital in the mill and grow capacity to…
