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Biomass Fuel Production
Read more: Biomass Fuel ProductionCellufuel moved into the former Bowater Mersey paper plant in Brooklyn, NS, after the plant closed in 2012, throwing around 2,000 people out of work, according to CBC Friday. Since then, Cellufuel has been developing biofuel that could be used in vehicles and for heating. The plant transforms otherwise low-value wood fibre into renewable diesel…
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Interfor Restarts Sawmill
Read more: Interfor Restarts SawmillInterfor Corporation, out of Vancouver, BC, has resumed operations at its saw- mill in Georgetown, SC, following record rainfalls and extensive flooding in the area over the past two months, as the company said in the press release Thursday. During the height of the rainstorms from October 1-5, two feet of rain fell in Georgetown…
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US Southern Pine Lumber Exports: October 2015
Read more: US Southern Pine Lumber Exports: October 2015For the fourth consecutive month, export volumes of Southern Pine lumber have established an upward trend, said the Southern Forest Products Association in the press release Wednesday. During October, US pine exports to be just over 58 million board feet. This volume represents a boost of 7 per cent above the same month last year,…
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Canada Housing Starts: November 2015
Read more: Canada Housing Starts: November 2015Canadian housing starts rose unexpectedly in November and building permits surged in October, fueling Canada’s prolonged housing boom even as the nation’s weak economy contributed to underlying softness in some regions, reports showed on Tuesday. Groundbreaking on new homes jumped to 211,916 units last month from a downwardly revised 197,712 units in October, bucking expectations…
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Biomass Fuel Production
Read more: Biomass Fuel ProductionCellufuel moved into the former Bowater Mersey paper plant in Brooklyn, NS, after the plant closed in 2012, throwing around 2,000 people out of work, according to CBC Friday. Since then, Cellufuel has been developing biofuel that could be used in vehicles and for heating. The plant transforms otherwise low-value wood fibre into renewable diesel…
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US Highway Bill Drafted and Passes Senate
Read more: US Highway Bill Drafted and Passes SenateThe very, very long-awaited Fixing America’s Surface Transportation, Act, — also known as fast and the Highway Bill — was drafted by lawmakers in the House of Representatives and the Senate, who unveiled the US$305 billion measure to fund highways and mass-transit projects Tuesday in Washington, DC. The US Senate on Thursday overwhelmingly approved the…
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BMO Capital Markets’ North American Lumber & Wood Panel Markets Conference Call
Read more: BMO Capital Markets’ North American Lumber & Wood Panel Markets Conference CallThis week was held an update on North American Lumber & Wood Panel Markets by Forest Economic Advisors, at a BMO Capital Markets Conference call. BMO Capital Markets Update on the North American Lumber & Wood Panel Markets : Forest Economic Advisors • US Starts Were Weaker Than Most Analysts Expected • US New Home…
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US Residential Construction Spending: October 2015
Read more: US Residential Construction Spending: October 2015NAHB analysis of Census construction spending data released Tuesday shows that total private US residential construction spending for October increased to a seasonally adjusted annual rate of US$399 billion. On a month-over-month basis, private single-family spending was US$226 billion, up by 1.6 per cent over the revised September estimate. Private multifamily spending increased to US$58…
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Canada Residential Construction Index: 3Q 2015
Read more: Canada Residential Construction Index: 3Q 2015The total value of investment in residential construction rose 3.3 per cent to $31.9 billion in the third quarter compared with the same quarter a year earlier, said Statistics Canada Thursday. This marked the seventh consecutive year-over-year quarterly growth. Investment in apartment and apartment-condominium building construction (up 21.5 per cent to $4.7 billion), acquisition costs…
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US Freight Rail Traffic: November 2015
Read more: US Freight Rail Traffic: November 2015The Association of American Railroads (AAR) reported Wednesday that US traffic in November totalled 1,041,605 carloads, down 10.4 per cent, or 120,259 carloads, from November 2014. US railroads also originated 1,024,162 containers and trailers in November 2015, down 1 per cent, or 10,828 units, from the same month last year. For November 2015, combined US…
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Canada Softwood Lumber Production: September 2015
Read more: Canada Softwood Lumber Production: September 2015Lumber production by sawmills increased 5.2 per cent from August to 5,563.5 thou- sand cubic metres in September, according to new data released by Statistics Canada Tuesday. Compared with September 2014, lumber production rose 7.8 per cent. Sawmills shipped 5,609.5 thousand cubic metres of lumber in September, up 8.5 per cent from August. Shipments rose…
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Canada Softwood Lumber Production: September 2015
Read more: Canada Softwood Lumber Production: September 2015Lumber production by sawmills increased 5.2 per cent from August to 5,563.5 thou- sand cubic metres in September, according to new data released by Statistics Canada Tuesday. Compared with September 2014, lumber production rose 7.8 per cent. Sawmills shipped 5,609.5 thousand cubic metres of lumber in September, up 8.5 per cent from August. Shipments rose…
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Canada Lumber Exports Up, US Log Exports Down
Read more: Canada Lumber Exports Up, US Log Exports DownThe latest StatsCan data, out Monday shows an interesting picture for North American forest products…while the lumber business in the US is improving there it is going to be a slow, steady haul for the next approx three years I think :-/ Right now we’re into the usual seasonal ‘boring’ end-of-year slowdown and curtailments. At…
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US New and Existing Home Sales: October 2015
Read more: US New and Existing Home Sales: October 2015Census and HUD reported Wednesday new homes sales for October rebounded from their unexpected low in September to a level of 495,000 on an annual basis. This is a 10.7 per cent increase from the revised September, a 1.6 per cent increase from the 3Q average and a 15.7 per cent increase in year-to-date not…
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Resolute Suspends Québec Operations
Read more: Resolute Suspends Québec OperationsResolute Forest Products is suspending indefinitely its wood-cutting operations in Québec’s Mauricie region near Trois-Rivieres, the company announced Thursday. The suspension, which starts Friday, will affect at least 180 jobs. The Montreal-based company attributed the decision mainly to high fibre costs, but also low market selling prices. Resolute said it has had discussions with the…
