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Canada Building permits: May 2017
Canadian municipalities issued $7.7 billion worth of building permits in May, up +8.9 per cent from April and the third highest value on record, according to Statistics Canada Thursday. The national increase was mainly the result of higher construction intentions for residential buildings, particularly in Ontario. Seven provinces registered gains in the total value of…
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Update of Friday’s Softwood Lumber Rumours: More Rumours
A very good source to Madison’s in Québec has stated this morning that: “ U.S. Commerce Secretary Wilbur Ross and the US side proposed, in their latest discussions with Canada’s Foreign Minister Chrystia Freeland – source in the Canadian industry that spoke with Chrystia Freeland’s office Friday. A source close to the US Lumber Coalition…
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Credible rumours of Tentative Softwood Lumber deal: Canada-US
A reliable source in Ottawa has conveyed that, although not signed, and subject to further negotiations, Canada’s Christina Freeland and the U.S.’ Wilbur Ross “shook hands” on a ten year Canada – U.S. Softwood Lumber Agreement. The SLA would terminate the present Canadian Softwood Lumber AD/CVD case, and be replaced with volume restrictions in the…
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Canada Railway Carloadings: April 2017
The volume of rail freight carried in Canada totalled 31.4 million tonnes in April, up 11.3 per cent from the same month last year, according to Statistics Canada Wednesday. Freight originating in Canada increased 10.6 per cent in April from the same month a year earlier, to 28.3 million tonnes. Non-intermodal freight increased 8.5 per…
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US House Prices, Pending Home Sales: April & May 17
The S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) Tuesday released their respective home price indices for April. National home prices increased at a more moderate annual growth rate, while local home price gains varied. US House Prices, Pending Home Sales: April & May 17 The Case-Shiller US National Home Price Index, reported by S&P…
