BLOOMBERG — North American lumber producers are expected to post another quarter of record profits this week, but most attention will be on the outlook, with prices for wood products stumbling and do-it-yourself renovations slowing. Producers are building and expanding sawmills in the southern U.S., where costs are low and timber is plentiful while boosting…
MONTRÉAL, CNW Telbec – Resolute Forest Products Inc. has reported a net income of $268 million, or $3.34 per diluted share, for the quarter ended June 30, compared to net income of $6 million, or $0.07 per diluted share, in the same period in 2020. Sales were $1,140 million in the quarter, an increase of…
VANCOUVER, BC, CNW – West Fraser Timber Co. Ltd. has reported second-quarter results of 2021. The Company also announced that it will hold a virtual Investor Event in which members of the Company’s senior management team will provide a corporate update to investors and analysts. The event will be webcast on September 16, 2021, at…
The purpose of the Forest Technology CAP is to financially support projects which demonstrate first-in-kind innovative technology, equipment or data techniques that can address the specified challenges and opportunities identified in Nextfor’s Forest Innovation Forums and ongoing case studies; with an objective of investing in forest innovation in Ontario. The funding is a private/public joint…
Bill Conerly Senior Contributor Forbes FORBES — The current housing boom will flatten in 2022—or possibly early 2023—when mortgage interest rates rise. There is no bubble to burst, though prices may retreat from panic-buying highs. The boom produced some frantic buying, bids in excess of asking prices, and plenty of worry among would-be homeowners….
OTTAWA BUSINESS JOURNAL — There may be more than 100 companies of all sizes already deeply immersed in Renfrew County forestry, but the 160-year-old industry is far from saturated. There’s always room for a few more, says Alastair Baird, the manager of economic development services for the County of Renfrew. Although it’s too early to…
CBC NEWS — The price of lumber rose at its fastest pace in more than a year on Thursday, after timber companies warned that wildfires in Western Canada are hurting their business. The price of a lumber futures contract jumped by more than 10 percent, triggering circuit breakers designed to halt trading. Late in the…
THE REMI NETWORK — Richard Lyall, president of the Residential Construction Council of Ontario (RESCON), has been appointed to a steering committee of the Chicago-based Council on Tall Buildings and Urban Habitat (CTBUH) that will oversee a research project that will look at the potential benefits of using a hybrid of steel and timber in…
VANCOUVER, THE PROVINCE OF BC – Building on the success of the first intake of the Mass Timber Demonstration Program, the B.C. government is investing an additional $2 million to open a second intake. The funding will support the advancement of mass timber projects that will help drive economic recovery and change the face of…
Beginning July 14, 2021, customers with active JDLink™ connectivity will no longer be required to renew their subscriptions. Moving forward, customers will be able to activate any compatible machine in their fleet at no additional charge, unlocking access to valuable machine data. By increasing access to JDLink™ connectivity, John Deere is helping to streamline…