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Tag: softwood lumber

Canada Building permits: May 2017

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 building permits in May, and every building component increased except institutional structures. The value of residential building permits issued by Canadian municipalities increased +10.8 per…

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Update of Friday’s Softwood Lumber Rumours: More Rumours

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 related to Madison’s this morning that the two representatives met Friday and talked “as always” and “ “surely shook hands. But it wasn’t shaking hands…

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Credible rumours of Tentative Softwood Lumber deal: Canada-US

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 form of a quota, similar to the 2006 SLA, but without Export Surcharges. Instead of export surcharges, volume violations would involve significant penalties. The exact…

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Canada Residential Construction: April 2017

Canada Residential Construction: April 2017

New housing construction investment totalled $4.6 billion in April, up 8.4 per cent compared with April 2016, said Statistics Canada also Thursday. Eight provinces posted gains, led by Ontario. Nationally, investment increased for every dwelling type. The gain was mostly due to spending on single-family dwellings, up $251.8 million to $2.4 billion. Six provinces posted higher investments in single-family dwelling construction. Ontario was well ahead of the other provinces, with $203.7 million in increased spending, a 22.9 per cent increase…

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US Softwood Lumber Imports: 1Q 2017

US Softwood Lumber Imports: 1Q 2017

Offshore imports of softwood lumber to the US continued to climb in early 2017 after increasing 43 per cent in 2016, according to the Campbell Group’s monthly Timber Trends Thurday. As Canadian producers have shifted their focus to markets outside of the US, attention has turned to the supply side of the US softwood lumber market and more specifically to offshore imports. An increase in ffshore imports is one of the expected supply-side responses to constrained shipments from Canada resulting…

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Anti-Dumping Duty Rates announced — Softwood Lumber

Anti-Dumping Duty Rates announced — Softwood Lumber

Anti-Dumping Duty Rates announced — Softwood Lumber Canfor 7.72 percent Resolute 4.59 percent Tolko 7.53 percent West Fraser 6.76 percent All others (including Irving) 6.87 percent Lumber produced in NS, PEI, and NL, from timber harvested in those provinces, and so certified by the Atlantic Lumber Bureau, will be excluded from both AD and CVD. Keta Kosman Publisher Madison’s Lumber Reporter, est. 1952 Vancouver, BC, Canada www.madisonsreport.com 604 319-2266

US Lumber Production Increases in March, Up Slightly in 1Q 2017: WWPA

US Lumber Production Increases in March, Up Slightly in 1Q 2017: WWPA

US lumber production increased 10.7 per cent in March compared to the month prior but declined 0.5 per cent from March 2016, according to statistics from the Western Wood Products Association’s Lumber Track. Production totaled 2.941 billion board feet (BBF) in March. Production in the West jumped 14.9 per cent over February, while output in the South increased 7.4 per cent. For the first quarter, US production totaled 8.251 BBF, edging 1.2 per cent higher than the same period in…

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Canada and US Softwood Lumber Update: 1Q ‘17

Canada and US Softwood Lumber Update: 1Q ‘17

New data this week out of Statistics Canada, on Canadian softwood lumber production and sawmill sales, as well as from the US Department of Commerce, on US coniferous wood imports and exports, give an excellent update to the economic state of the North American forest products industry for 1Q 2017. According to figures Wednesday from the US Department of Agriculture’s Foreign Agriculture Service, the USA imported 8.5 million cubic metres of softwood lumber from Canada in 1 Q 2017, a…

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Canada’s Lumber Market Forecast: Conference Board

Canada’s Lumber Market Forecast: Conference Board

Following its strongest showing in three years, production growth in Canada’s wood products industry is expected to moderate significantly in 2017 due to the incoming US trade restrictions on Canadian softwood lumber, according to The Conference Board of Canada’s Canadian Industrial Outlook: Canada’s Wood Products Manufacturing Industry, released Friday. Canada’s wood products manufacturers will see pre-tax profits shrink from $1.8 billion in 2016 to $1.4 billion this year and $1.1 billion in 2018, as the United States issues duties averaging…

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Canada Wholesale Trade, Lumber Exports: March 2017

Canada Wholesale Trade, Lumber Exports: March 2017

Canada’s merchandise trade balance with the world narrowed to a $370 million deficit in April, from a revised $936 million deficit in March, said Statistics Canada Friday. Exports rose 1.8 per cent to $47.7 billion, led by higher exports of passenger cars and light trucks. Imports were up 0.6 per cent to $48.1 billion, on the strength of import prices. Canada’s trade activity has been strong in recent months, with Canada’s total merchandise trade (exports plus imports) reaching a record…

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