Montreal-based Stella-Jones posted Thursday a decline in profit and revenue for the first quarter. The company generated a quarterly profit of $25.9 million or 37 cents per share, compared to $35 million or 51 cents per share at the same time last year. Its revenues declined from $421 million a year ago to $396.9 million this…
When President Donald Trump slapped tariffs on Canada’s softwood lumber industry last week, he ignited a trade dispute that was a long time coming. And his actions could impact the local economy far beyond whether our mills or theirs prevail in a disagreement that has spanned decades and may be decided by the World Trade…
White River’s lumber mill will likely get hit hard by U.S. duties on Canadian softwood, but the industry veteran in charge of the plant believes it will come through the crisis. “It’s the same old battle (with the U.S.), but we will survive,” White River Forest Products CEO Frank Dottori declared in an interview Tuesday….
JDI thanks the hundreds of NB private wood producers and woodlot owners who made the 2016- 2017 operating year a record breaking season. JDI mills bought over 860,000 cubic meters of wood, worth over $40 million, from NB private woodlots. This volume is roughly 23,000 tractor trailer loads of wood and is significantly higher than…
A week after President Donald Trump vowed to impose new tariffs on Canadian lumber imports to help the U.S. timber industry, lawmakers passed a spending bill that could push U.S. government agencies to promote burning wood pellets to fuel power plants. The budget bill that the U.S. House of Representatives passed on Wednesday, which makes…
The placing of duties on Canadian lumber entering the United States doesn’t come as a shock to those connected to the forestry sector, but it not being a surprise doesn’t take away the sting. The tariff levied on Canadian exports of softwood lumber to the U.S. announced earlier this week by President Donald Trump was…
Following a lengthy, detailed investigation initiated in November 2016, the U.S. Department of Commerce last week determined that Canadian lumber exports to the U.S. market are subsidized and set an average tariff of 20 percent to offset these subsidies. For the U.S. forestry industry, the full and effective enforcement of the U.S. trade laws by…
Despite talk of diversification and the paradigm shift from goods to services, the forest industry remains a mainstay of British Columbia’s economy. It contributes about $12 billion to gross domestic products and 140 communities depend on it for their livelihood. One out of four jobs in manufacturing is in the forest industry. Nearly a quarter…
The softwood lumber dispute between Canada and the United States is back with a vengeance. Canadians who work in this industry, or who live in communities that rely on it, are worried. Many are fed up, and rightly so. But let’s remember that we’ve seen this movie before, more than once. It starts with the…
It may take homebuilders up to six months to feel the financial impact of the Trump administration’s recently announced tariff on Canadian softwood lumber imported into the U.S. Canadian lumber producers, however, don’t share the same timeline and will feel an impact immediately, but since many U.S. homebuilders lock in lumber prices months in advance,…