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Lumber output in focus as producers look beyond record quarter

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

BLOOMBERG — North American lumber producers are expected to post another quarter of record profits this week, but most attention will be on the outlook, with prices for wood products stumbling and do-it-yourself renovations slowing. Producers are building and...

Resolute Reports Preliminary Second Quarter 2021 Results 

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

MONTRÉAL, CNW Telbec – Resolute Forest Products Inc. has reported a net income of $268 million, or $3.34 per diluted share, for the quarter ended June 30, compared to net income of $6 million, or $0.07 per diluted share, in the same period in 2020. Sales were...

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...
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