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West Fraser Announces Second Quarter Results

by Working Forest | Jul 29, 2021 | Archive Articles, Articles

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...

CRIBE: Forest Technology Commercial Acceleration Program (CAP)

by Working Forest | Jul 29, 2021 | Archive Articles, Articles

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...

The End of the Housing Boom will be when Mortgage Rates Rise In 2022

by Working Forest | Jul 28, 2021 | Archive Articles, Articles

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...

Ottawa Valley forestry sector booming amid skyrocketing lumber prices

by Working Forest | Jul 28, 2021 | Archive Articles, Articles

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...

Wildfires are causing the price of lumber to spike again

by Working Forest | Jul 23, 2021 | Archive Articles, Articles

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...
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