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Negative mortgages set another milestone in no-rate world

by Working Forest | Aug 21, 2019 | Archives

Bloomberg News Network — The world’s headlong dash to zero or negative interest rates just passed another milestone: Homebuyers in Denmark effectively are being paid to take out 10-year mortgages. According to Bloomberg News Network, Jyske Bank A/S, Denmark’s...

Home Depot cuts outlook citing tariffs, lumber prices

by Working Forest | Aug 21, 2019 | Archives

The Associated Press — Home Depot cut its sales expectations for the year as lumber prices slid and the company braces for the potential impact of tariffs on its customers. The Trump administration delayed most of the tariffs it planned to impose on Chinese...

B.C. minister asks for urgent federal help with forestry sector crisis

by Working Forest | Aug 16, 2019 | Archives

Vancouver Sun — B.C’s Minister of Forests Doug Donaldson has hand-delivered a direct plea for federal help in dealing with the cascading affects of the growing crisis in British Columbia’s forest industry. According to a report in the Vancouver Sun, Donaldson...

Tolko Industries announces more downtime

by Working Forest | Aug 16, 2019 | Archive Articles, Articles

Global News — Tolko Industries says three of its wood mills in the Okanagan will temporarily shut down for two weeks. Citing the ongoing wood downturn, the company announced that its lumber plant and plywood plant in Armstrong, plus its White Valley veneer mill...

Pinnacle’s $30 million expansion project gets nod from Williams Lake council

by Working Forest | Aug 16, 2019 | Archives

The Williams Lake Tribune — Pinnacle Renewable Energy Inc.’s request to upgrade and expand production at its plant in Williams Lake was unanimously approved by city council at Tuesday’s regular meeting. According to the report by The Williams Lake Tribune, final...
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