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US and Canada Manufacturing and Trade: June 2015
Canadian exports surged 6.3 per cent in June, according to Statistics Canada Wednesday, while imports fell slightly by 0.6 per cent, narrowing Canada’s trade deficit sharply to just under $0.5-billion. In the US, the Institute for Supply Management said also Wednesday its services sector index rose to 60.3, the highest reading since August 2005, a…
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Supercalendered Paper Export Duty
In an ominous foreshadowing of what is to come for Canada’s softwood lumber producers, the United States Department of Commerce Thursday issued a preliminary ruling that Irving Paper’s Port Hawkesbury, NB, supercalendered paper exports into the US, along with those of several other Canadian companies, were being unfairly subsidized. That followed a preliminary finding last…
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Chicago Fed Index: June
The Chicago Federal Reserve’s national activity index the Chicago Fed National Activity Iindex (CFNAI) moved up to +0.08 in June from –0.08 in May, largely due to improvements in production- and employment-related indicators. Three of the four broad categories of indicators that make up the index increased from May, and two of the four categories…
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US ISM Manufacturing Index: June 2015
From the Institute for Supply Management: June 2015 Manufacturing ISM® Report On Business® The ISM manufacturing index suggested expansion in June. The PMI was at 53.5 per cent in June, up from 52.8 per cent in May. The employment index was at 55.5 per cent, up from 51.7 per cent in May, and the new…
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Canada/US Softwood Lumber Trade
Russ Cameron, president of the Independent Wood Processors Association of BC, told The Working Forest on April 17 that BC’s value added wood processors are being “decimated” by big lumber. In an email to Madison’s Thursday, Cameron provided context, saying: there is no more growth for commodity wood products but lots of opportunity for value…
