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US Manufacturing Rates, Producer Prices: 3Q 2016
The Final US Markit Manufacturing PMI increased to 54.1 in November of 2016 from 53.4 in October. As well, producer prices in the United States is expected to be 111.30 Index Points by the end of this quarter, according to Trading Economics. Economic activity in the manufacturing sector expanded in November, and the overall economy…
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Canada Looming Trade Issues: Conference Board
“ “Bilateral issues are not Canada’s sole concern,” Alexander noted. “The hang-over from the deeply divided electorate and the trash-talking of America’s democratic institutions will make US governance more difficult.” – Craig Alexander, chief economist at the Conference Board of Canada Canada Looming Trade Projections: Bennett Jones, Conference Board Subdued economic growth for advanced economies…
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Ontario Sawmill Invests
Lavern Heideman & Sons Ltd, out of Eganville, ON, announced plans this week to spend $16.9 million to modernize the company’s Eganville, ON, sawmill. Four mil- lion dollars of the project cost will come from the Ontario provincial government. Eighteen new jobs are expected to be created by the upgrade, which will increase production capacity…
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Interfor Completes Sawmill Sale
Interfor announced Wednesday that it has completed the final step in the monetization of its former sawmill in Tacoma, WA, with the closing of the sale of the Ta- coma sawmill property for gross proceeds of US$32.4 million. Sawmill Sale, Interfor Interfor, out of Vancouver, BC, announced Wednesday that it has completed the final step…
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“Americans react to softwood lumber dispute”
The U.S. National Association of Home Builders says duties or volume caps on imported lumber will raise the price of lumber, adding more than $1,300 to the cost of a new single family home, according to Metroland Media Monday. “ “We feel strongly that Canada should have had a more aggressive stance early on in…
