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Trade Data : Canada and US
The US trade deficit shrank 5.6 per cent to a seasonally adjusted US$44.39 billion in May from April, the Commerce Department said Thursday. Exports increased 1 per cent to US$195.46 billion, the highest level on record. Imports fell 0.3 per cent to US$239.85 billion. In Canada the May trade defecit slimmed to $152 million, from…
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British Columbia Logs Seized
YaoRun Wood, a Chinese log export company that has been dealing millions of dollars of wood out of Terrace, BC, has had its log piles seized for a third time in under a year due to suspicion it is altering log marks, according to Terrace Standard Tuesday. Previous seizures took place because YaoRun had fallen…
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Canada Forestry Funding Announcement
Canada’s Minister of Natural Resources, Greg Rickford, Friday announced that a Call for Proposals is now open for companies to submit applications to benefit from the renewed Investments in Forest Industry Transformation (IFIT) program. The Harper Government announced funding of $90.4 million with funding to be allocated to projects that support jobs and implement highly…
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US New and Existing Home Sales: May
New single-family home sales in the US reached the highest pace in six years in May. According to estimates from the Census Bureau and the Department of Housing and Urban Development released Tuesday, new home sales were at a seasonally adjusted annual rate of 504,000 in May, a gain of 18.6 per cent over a…
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Canadian Industrial Product and Raw Materials Prices: May
The Industrial Product Price Index (IPPI) was down 0.5 per cent in May, mainly due to lower prices for energy and petroleum products, said Statistics Canada Friday. The Raw Materials Price Index (RMPI) declined 0.4 per cent, after edging up 0.1 per cent in April, mostly as a result of lower prices for animals and…
