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Softwood Lumber Trade Update
British Columbia’s new NDP Premier John Horgan said Thursday after talks with Trump administration officials he was hopeful a dispute between Canada and the United States over softwood lumber could be resolved before NAFTA talks begin in mid-August, according to Reuters. Horgan told Reuters he saw no reason why the dispute should be part of…
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US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017
According to the US Census Bureau’s Housing Vacancy Survey, released Thursday the US homeownership rate was 63.7 per cent in 2Q 2017, which is statistically no different from its last quarter reading of 63.6 per cent. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9 per cent in 2Q…
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British Columbia Lumber Exports: May 2017
Paul Ferley, assistant chief economist of the Royal Bank of Canada said at a briefing on the outlook for the US and Canadian economies and the impact of China, July 20 in Markham, ON. The top Canadian exports to China are resource-based goods such as pulp, paper and paperboard, seeds and beans, wood and wood…
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PwC Global Forest, Paper, & Packaging Deals: 1Q 2017
Global Merger and Acquisition activity in the Forests, Paper, and Packaging sector in 1Q 2017 saw an increase in deal value relative to 4Q 2016, said PwC July 7. A total of 23 M&A deals were announced during Q1 2017 with a total value of US$4.2 billion and an average (median) deal size of approximately…
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US Housing Starts, Home Prices: June 2017
Residential construction in the US ended 2Q 2017 on a stronger note as ground-breaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed Wednesday. Housing starts in June jumped 8.3 per cent to a seasonally adjusted annual rate of 1.22 million units, the highest level since…
