Canadian lumber stocks have been in a major tailspin since mid-February, but it may be a while longer until they bottom, says Martin Roberge, portfolio strategist at Canaccord Genuity. “Do not chase down broken lumber stocks,” he said in a note to clients Thursday. “While we have a positive view on the U.S. housing market,…
North America’s enormous conifer forests are being decimated by tiny beetles. About the size of a pencil eraser, bark beetles are native pests that have gotten carried away in recent years with help from climate change. They’ve killed 46 million acres of forest in the Western U.S. alone since 2000, and the U.S. Forest Service has estimated they cause…
Surespan, the company that holds AJB Investments, assures it will not log in the watershed on the east side of Chapman Creek this spring and will only plant trees in cut block CH1 on the west side. Sunshine Coast Regional District (SCRD) board chair Garry Nohr told Coast Reporter of the development after a Tuesday…
Even after a thirty-year career in the industry, I often tell people that fresh information about British Columbia’s coastal forest industry crosses my desk every day. One recent example came from a new report by Business Council of British Columbia (BCBC). The report cited that of all jurisdictions in North America today, BC has the…
James Gorman says there’s reasons to be optimistic and also a number of factors to keep an eye on over the next while in the forestry sector. The president of the Council of Forest Industries (COFI) made the comments on day one of their annual two day convention in Prince George this afternoon. “Some of…
Paper Excellence reportedly has plans to restart operations at its Chetwynd mechanical pulp mill in British Columbia, Canada as early as July. The mill, which Paper Excellence bought from Tembec in March of 2014, has been idle since September 2012. At the time the mill was shut down, Tembec noted that a soft market for…
With a federal election call a few months away, the Federal Government has announced the extension of its program to support the growth of overseas markets for Canada’s forest industry. Revenue Minister Kerry-Lynne Findlay made the announcement Wednesday afternoon at the Council of Forest Industries convention in Prince George. Findlay says the program will receive…
Cellulose nanocrystals derived from agriculture, pulp or paper industries have been shown to increase the strength of concrete, representing a potential renewable additive to improve this construction material. Researchers at Purdue University have demonstrated that the cellulose nanocrystals can increase the tensile strength of concrete by 30%. “This is an abundant, renewable material that can…
Prescribed burns are becoming more common as a way to manage northwestern Ontario’s forests, said forest fire officials in the region. The intentionally-started fires are designed to renew vegetation and burn off dangerously dry or damaged areas. A specialist on prescribed burns for the Ministry of Natural Resources and Forestry said that, for several years,…
U.S. Senators Susan Collins and Angus King and Congressman Bruce Poliquin sent a letter to United States International Trade Commission (ITC) Chairwoman, Meredith Broadbent, seeking an affirmative preliminary injury determination in regards to the unfair subsidies received by the Port Hawkesbury paper mill. This stems from the Coalition of Fair Paper Imports, which includes Madison…