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Goodfellow – Lebel Cambium Joint Venture
A joint venture announced this week would combine Goodfellow’s three plants in Delson, QC, Elmsdale, NS, and Deer Lake, NL, and Lebel Cambium’s two Ontario plants (Bancroft and Caledon) and two Quebec plants (Degelis and St-Joseph), as those two companies expand their reach and profits by forming one of Eastern Canada’s largest producers of treated…
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BC Sawmill Waste Pile Fire
A potentially disastrous mill fire, which spontaneously erupted in a waste pile at the Whitevalley Tolko Mill, was snuffed out by firefighters in Lumby, BC early Wednesday morning. Although the blaze was small, sitting near the log yard amongst additional sawmill waste, “it had the potential to be quite disastrous,” said Lumby fire chief Tony…
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US Housing Starts: July 2015
US home building ticked up in July thanks to a surge in construction of single-family homes. US housing starts rose 0.2 per cent from a month earlier to a seasonally adjusted annual rate of 1.21 million last month, the highest since October 2007, the Commerce Department said Tuesday. That is the third time in four…
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US Home Sales, July
A forward-looking gauge of US home purchases slipped in June, after hitting its highest level in more than nine years in May, the National Association of Realtors said last month. A separate report from the industry group showed sales of previously owned homes increased 3.2 per cent in June to a seasonally adjusted annual rate…
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US Leading Economic Index: July 2015
The index of US leading economic indicators unexpectedly declined in July, depressed by a slump in building permits that mainly reflected a proposed change in a New York tax credit. The Conference Board’s gauge, a measure of the outlook for the next three to six months, decreased 0.2 per cent after rising 0.6 per cent…
