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Canada Producer Price, Raw Materials Index: Oct 2014
The Industrial Product Price Index in Canada decreased 0.5 per cent in October, mainly due to lower prices for energy and petroleum products, said Statistics Canada Friday. The Raw Materials Price Index declined 4.3 per cent in October, largely as a result of lower prices for crude energy products. The IPPI declined 0.5 per cent…
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Producer Price Index, US: Oct 2014
US producer prices unexpectedly rose in October, but the underlying trend continued to point to a benign inflation environment that could bolster the Federal Reserve’s resolve to keep interest rates very low a bit longer. The US Labour Department said November 18 that its producer price index increased 0.2 per cent, driven by a jump…
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Sawmill Fire
Several crews from a three different fire departments battled a fire at a New Waverly lumber yard in Texas overnight Saturday. It happened at the Universal Forest Products plant on near State Highway 75. Investigators say a lumber kiln on the property was on fire. Firefighters were able to contain the damage to the lumber…
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Lumber prices stay flat as severe weather wallops key markets
The relentless onset of winter conditions this week did nothing to bolster US and Canadian lumber and panel sales, despite the annual North American Wholesale Lumbermen’s Association meeting being held in Chicago, IL, last week, according building materials price newsletter Madison’s Lumber Reporter. Prices on almost all standard construction framing commodities remained flat as severe…
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Madison’s Mention in Vancouver Sun today:
Supply may not meet demand for B.C. lumber exports Pine beetle-ravaged forests may have trouble supplying growth in U.S. home construction By Derrick Penner, Vancouver Sun November 20, 2014 British Columbia’s forest sector is going to lead growth in the province’s exports next year to feed burgeoning new-home construction in the U.S., but lumber makers…
