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Export Development Canada Forestry Products Export Forecast : Spring 2014
A forecast by Export Development Canada (EDC), released Thursday, predicts that the global economy is on the verge of a rush of economic growth. While key risks still threaten the outlook, the forecast notes their declining severity thanks to increasing momentum and firmer growth fundamentals. The forecast noted that OECD nations, accounting for roughly half…
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US Transportation Improvement Bill
US Transportation Secretary Anthony Foxx Tuesday announced that President Obama plans to provide lawmakers with a legislative proposal for renewing federal transportation spending. Obama called on lawmakers to pass a four-year, US$302 billion bill to revitalize the nation’s transportation infrastructure. The president was previously criticized for failing to provide a specific bill proposal during the…
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US Home Builder Financial Results
D.R. Horton and PulteGroup, the two biggest US homebuilders, said Thursday a tight supply of homes is helping them to raise prices, suggesting that the market is regaining strength ahead of the crucial spring selling season, according to Reuters. A dwindling number of existing homes for resale and a scarcity of ready-to-build land is allowing…
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EACOM Reconstruction
The reconstruction Eacom’s sawmill in Timmins, ON, is just a couple of months from being completed, according to Timmins Press Sunday. It will be take longer, however, before mill operators can settle back and declare the job done. “We expect the construction to be finalized within the next two months,” explained Guy Fleury, general manager…
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CN to Resolve BC Rail Car Backlog
Canadian National Railway said this week it’s alleviating a shortage of rail capacity for lumber shipments in British Columbia. The largest Canadian railroad’s ability to move wood products is gradually catching up with demand following extreme winter conditions in North America this year, Emily Hamer, a Vancouver-based CN spokesperson, said Thursday in a phone interview…
