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North America Forest Company Quarterly Reports: 3Q 2016
This week Canfor, Weyerhaeuser, Domtar, and International Paper all released quarterly earnings reports. Canfor Corporation, out of Vancouver, BC, Wednesday reported net income attributable to shareholders of $50.9 million, or $0.38 per share, for 3Q 2016, compared to shareholder net income of $36.0 million, or $0.27 per share, for 2Q 2016 and a net loss…
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New Forestry Funding, Canada and US
Recent announcements by Canadian federal and provincial governments for forestry funding in technology and innovation as well as employment, and by the US Department of Agriculture, will inject much-needed investment into worthwhile timber-related projects, Canada’s federal Government announced the extension of its program to support the growth of overseas markets for Canada’s forest industry, Revenue…
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Tembec Mill Strike
Tembec ceased production at its lumber mill in Temiscaming, QC, Thursday after workers went on strike late Wednesday. The Quebec-based pulp, paper, and lumber producer says 650 unionized employees of Unifor local 233 have walked off the job at the facility. An additional 200 workers employed at the mill are not unionized. The union and…
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Canadian Forestry Achievement Award
The award for recognition of unique and outstanding achievement in forestry in Canada, presented in early October at the Canadian Institute of Forestry’s AGM in Salt Lake City, UT, went to Vancouver, BC’s, Bill Bourgeois. Bourgeois has been working in the forest sector for over 38 years. He has a Master’s degree from the University…
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Funding for Canadian Forest Equipment Technology
The federal government needs to offer money, training and incentives to ensure a technological revolution in the forestry industry creates well-paid jobs at home rather than abroad, according to a new study Natural Resources Canada commissioned to find ways to support Canada’s billion-dollar forestry-equipment sector. Canada’s traditional forestry products — softwood lumber and pulp-and-paper —…
