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British Columbia Log and Timber Supply Update
Last week Madison’s was ensconced in the comfort and splendour of Harrison, BC, to attend and present at the Forest Resources Association Western Regional Meeting. This event was attended by many forest operators in the Pacific Northwest, from both sides of the border. A lot of the focus was on the coast, but there were…
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Runaway Lumber Market Gathers Yet More Steam
If lumber suppliers didn’t know what to do last week, this week was even more bananas. As explained by one veteran lumber trader on LinkedIn Friday: “Frustration reigned as the lack of availabilities and tardy shipments frazzled many. The concern is that there does not seem to be any end in sight [to logistics and…
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Canada Survey of Manufacturing: March 2018
Manufacturing sales rose 1.4% to $57.1 billion in March, said Statistics Canada Thursday. Higher sales at primary metal; aerospace product and parts; fabricated metal product; and the other transportation equipment industries were mostly responsible for the increase. Overall, sales were up in 13 of 21 industries, representing 72% of the Canadian manufacturing sector, while in volume terms, manufacturing sales rose 0.6% Primary metal…
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Unprecedented Lumber Prices
“Where will it end? No one knows,” one experienced eastern US trader exclaimed in astonishment Friday morning. There can be no true answer to this until the horrifying (and seemingly NOT improving) railway backlog started well in 2Q 2017 is unravelled, not to be till July this year said one of the two major Canadian…
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Canada Building Permits: March 2018
The value of building permits issued by Canadian municipalities increased 3.1% to $8.4 billion in March, following a 2.8% decline in February. The rise was mainly the result of higher construction intentions for multi-family dwellings, particularly in Quebec and British Columbia, and, to a lesser extent, by the commercial component. Canada Residential sector: Rise in multi-family component offsets…
