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Canada-US Softwood Lumber Trade: Further Updates
Fast on the heals of British Columbia’s new NDP Premier John Horgan’s assertion last week that Canada and the US were “close” to a new softwood lumber trade deal, Canadian Prime Minister Justin Trudeau said on Tuesday he was “very hopeful” of getting a deal with the United States on softwood lumber, which has become…
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Canada Lumber Production, Exports; US Consumption, Imports & Log Exports: May 2017
US Coniferous Sawn Wood Imports: May 2017 According to the latest figures from the US Department of Agriculture’s Foreign Agriculture Service, for January to May 2017 the USA imported US$2,235 billion of softwood lumber from the World, which amounts to a 17 per cent increase from the first five months of the previous year, when…
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Japan Wood Demand Projection 2017
Japan’s Forestry Agency projected the country’s wood supply of structural laminated lumber for 2017 is up +5.2 per cent, and that of plywood is up +3.2 per cent compared to the previous year, said Japan Lumber Reports Friday. New housing starts in Japan are forecast by eleven private think tanks based on GDP for 1Q…
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US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017
According to the US Census Bureau’s Housing Vacancy Survey, released Thursday the US homeownership rate was 63.7 per cent in 2Q 2017, which is statistically no different from its last quarter reading of 63.6 per cent. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9 per cent in 2Q…
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British Columbia Lumber Exports: May 2017
Paul Ferley, assistant chief economist of the Royal Bank of Canada said at a briefing on the outlook for the US and Canadian economies and the impact of China, July 20 in Markham, ON. The top Canadian exports to China are resource-based goods such as pulp, paper and paperboard, seeds and beans, wood and wood…
