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Canadian International Merchandise Trade: Annual Review 2017
On June 6 Statistics Canada released data showing, on a quarterly basis, the value of Canadian exports of lumber and other sawmill and millwork products declined in 1Q (-2.2%) and 3Q (-6.4 %) 2017. Canadian export values of softwood lumber fluctuated substantially throughout 2017, as softwood lumber duty rates and coverage varied, said StatsCan. The modest increase…
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Politics Upends the Lumber Market
The unprecedented turned to the frankly surreal last week as Canada placed retaliatory duties on a wide range of US imports, including wood and paper products. The latest trade data, meanwhile, shows quite a glowing picture of product sales across the Canada-US border for 1Q 2018. Current Softwood Lumber Prices Compared to Recent and Historical…
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Canada Sawmill Production: March 2018
Lumber production in Canada rose +11.4% in March from February, to 5,898 thousand cubic metres of lumber, according to the latest update from Statistics Canada Monday. Production was -5.2% lower than in March 2017. Sawmills shipped 5,393 thousand cubic metres of lumber in March, up +10.5% from February and -7.6% lower than in March 2017.
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US Home Sales, Housing Inventory: March & April 2018
US pending home sales fell 1.3% to a reading of 106.4 in April, the National Association of Realtors said Thursday. NAR’s index of pending home sales hit a three-month low in April. The index tracks real-estate transactions in which a contract has been signed, but the transaction hasn’t closed. Meanwhile, in April, existing home sales…
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Canada Puts Duties on US Wood Products Imports
**edited headline to read “Wood Products” not “Softwood Lumber” As if this uncharted new territory of the current North American lumber market and prices wasn’t confusing enough, Thursday Canada put duties on a wide range of US imports, including some wood products. Canada intends to impose surtaxes or similar trade-restrictive countermeasures against up to C$16.6…
