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Canada Export Projection: EDC
In a sobering message titled “The Great Hesitation”, in the latest release of Export Development Canada’s Global Export Forecast, VP and Chief Economist Peter Hall writes, “Growth remains elusive. […] Performance in the automotive, forestry, agri-food and consumer products industries is expected to continue contributing to overall strength. The outlook pegs no growth this year,…
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Canada and US Sawmill Capacity: August 2016
This week was released the latest issue of the Western Wood Products Association’s monthly Lumber Track. US softwood lumber production for January to August 2016 was 22,012 MMfbm, a 3.6 percent increase from 21,250 MMfbm in the first eight months of 2015. North American Sawmill Capacity, Lumber Production: August 2016 Canada softwood lumber production for…
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Tarriff -Free Canadian Lumber Imports to EU: CETA
Current EU tariffs for forest products range from 2 per cent to 10 per cent; upon Canada/EU bilateral agreement CETA’s entry into force, all Canadian forestry products will enjoy duty-free entry to the EU, according to Lesprom Network Monday. The EU is the world’s third largest importer of forest products – US$46 billion in 2015,…
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84 Lumber Closes Land Sale Deal
Spirit Realty Capital, based in Dallas, TX, Wednesday announced the Company has closed on the sale of 108 properties to a subsidiary of 84 Lumber Company, out of Eighty Four, PA. The total cash consideration received by Spirit today was US$205.7 million, consisting of US$200.7 million to purchase the assets, and a US$5 million amendment…
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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…
