Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio. One such stock that you may want…
A few years ago, the future of the Resolute Forest Products pulp and paper mill here was shaky as it grappled with a downturn in business. But on Monday, company officials said they plan to invest $270 million in a major expansion at the mill, the second in a year, and hire 105 more workers….
Over the past century, many forests have shifted from open to closed canopies. The change in forest structure could be contributing to declines in pollinator species, especially native bees, according to a new study by U.S. Forest Service scientists. The study shows how common, present day forest conditions affect pollinators, especially bees. “Bees prefer open…
Vancouver architect Michael Green, who co-wrote the book on building skyscrapers out of wood timbers, has a role in an audacious proposal to construct the world’s tallest to stand as a beacon on the Paris skyline. At 35 stories, the wooden tower Green’s team is proposing would have to be approved as an exception to…
The Northern Pulp mill in Pictou County will return to production by the end of the month, according to the company’s communication manager. The mill shut down on May 30 to install a ten-storey precipitator to meet air pollution reductions demanded by the Nova Scotia government. Northern Pulp will install the equipment after a 15 day maintenance…
Canada’s western premiers discussed ways to diversify their economies in light of plunging oil prices during a teleconference call Monday. Saskatchewan Premier Brad Wall was host on the call that was a substitute for the annual western premiers meeting to save time and money. Both he and British Columbia Premier Christy Clark noted that their…
Resolute Forest Products Inc. (TSX:RFP) says it’s getting into the paper towel and bathroom tissue business. The company says demand for tissue has been growing while demand has fallen for other types of paper products. The Montreal-based company says it’s investing US$270 million for a tissue-making operation in Tennessee that would make private label premium…
The manager of a wood pellet plant on the Northern Peninsula says a 2014 government loan was necessary even though the plant didn’t operate. Holson Forest Products owns the Roddickton plant, which was built in 2011 and was supposed to provide jobs for residents of the area. Holson Forest Products owns the wood pellet plant in Roddickton, on Newfoundland’s Northern…
May was a record month for wildfires in Yukon, says Yukon Wildland Fire Management Information officer George Maratos. “We had 17 new starts since Friday with three yesterday,” says Maratos. “That brings our total to a historic high of 93 fires in May which is unusual. I mean, we definitely have busy seasons but to have that many fires…
There won’t be a new land-use plan or a moratorium on logging on Mount Macpherson, says Steve Thomson, the Minister of Forests, Land and Natural Resource Operations. I spoke to Thomson Monday morning after reading his response to a request by the Columbia Shuswap Regional District asking for more public consultation on logging Macpherson. (You…