STATISTICS CANADA — Total investment in building construction increased 6.3% to $19.9 billion. Residential construction investment performed strongly in April, rising for a 12th consecutive month. In contrast, non-residential construction has not fully returned to pre-COVID-19 levels. However, it increased by 0.9% this month. On a constant dollar basis (2012=100), investment in building construction was up 5.8% to $15.3 billion in April….
Resolute Forest Products Inc. is spending $50 million to grow its lumber production after a U.S. housing boom sent demand soaring and lifted prices to record highs. The company is expanding capacity at sawmills in Ontario and Florida, it said in a statement Thursday. The funds will also go to modernizing equipment at a facility in…
Vancouver, B.C. – West Fraser Timber Co. Ltd has announced an increase in the quarterly dividend to C$0.25 per share and an increase in the Company’s authorization to purchase up to 9,582,470 of its Common shares. Dividend Increase The Board of Directors of the Company has declared a quarterly dividend of C$0.25 per share on the…
Vancouver, BC — Canfor Corporation has announced it will invest approximately $160 million USD to build a new, state-of-the-art sawmill near DeRidder, Louisiana. The Company is pleased to be receiving significant state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a…
By Cheryl Mah THE REMI NETWORK, (Real Estate Management Network) — North America is experiencing a resurgence in the use of wood in construction with a particular interest in building taller with mass timber. “Obviously there’s a mass timber wave – some might even call it a tsunami – that’s rolling across not just North…
FPINNOVATIONS — Each year, many forested areas in Canada are being severely impacted or threatened by forest fires. Communities located near those areas must often be evacuated and suffer enormous material losses. One of the priorities of fire agencies is to protect those communities located in forest areas. This includes proactively reducing the risk of…
REGINA, SK, CNW – The Brandt Group of Companies has announced plans to make a major investment in staffing and will hire more than 1,000 new employees by the end of 2021. The new positions will span the Regina-based company’s 100+ location international network, focusing on roles in Canada and the USA. “There’s no question that our people are the…
VICTORIA NEWS — Five more protesters were arrested by the RCMP at the Fairy Creek blockade on Wednesday, May 19, bringing the total to 12 arrests over two days since enforcement of an injunction order began. ABOVE: People gathered outside the Victoria courthouse April 1 to protest the logging of old-growth forests. At the same…
CBC NEWS — The emerald ash borer is proving to be a greater threat to ash trees in the Halifax area than expected. Crispin Wood, the superintendent of urban forestry for the municipality, says it was originally believed the ash borer was only present in the DeWolf Park and Waterfront Drive areas of Bedford. But careful…
NORTH BAY — The Ontario government is investing more than $2.1 million in five businesses and one film project in the Nipissing region to help create 19 new jobs and promote economic development in Northeastern Ontario. “As we continue to navigate COVID-19 and the effects on the…