FOREST2MARKET — Prices for North American softwood lumber continue to move ever higher as we cross the midway point of 1Q2021. Southern yellow pine (SYP) lumber prices set new records last month before temporarily dropping for three consecutive weeks. We’re now seeing a two-week rally take shape that has driven Forest2Market’s composite SYP lumber price to…
BNN BLOOMBERG — The relentless rise in lumber prices shows no signs of abating as the pandemic keeps people at home, spurring a home-renovation boom. Lumber futures climbed to a record US$1,004.90 per 1,000 board feet Thursday, rising for the eighth session in nine. Prices have climbed about 40 percent this year, fueling concerns for…
COCHRANE, ONTARIO, TIMMINSPRESS.COM – On February 8, 2021, Rockshield Engineered Wood Products ULC announced that it had commenced restructuring proceedings to restructure its business and financial affairs. Rockshield operates a premium hardwood core plywood manufacturing mill in Cochrane, Ontario. The mill is located in the heart of Northern Ontario’s renewable hardwood forest. Rockshield acquired the…
A British-based bio-energy company has reached a deal to buy Pinnacle Renewable Energy which owns half of the Houston pellet plant. The deal will see the Drax Group spend $831 million for Pinnacle’s shares and assumption of its net debts. Pinnacle is the second-largest producer of industrial wood pellets in the world and operates nine…
MISSISSAUGA, ON and CHARLOTTE, N.C. – Husqvarna has set a new standard for professional pole saws with the launch of its latest industry-first innovation – the 525DEPS MADSAW. MAD is a commonly used industry term, an acronym for OSHA’s Minimal Approach Distances. The MADSAW is designed with operator safety in mind, as it’s the first and only dielectric gas-powered pole…
CAPEBRETONPOST.COM — Nova Scotia’s new premier-designate Iain Rankin has indicated strong support for forestry management and for green policies. He is developing an economic recovery policy model framed around the environment. Rankin has promised to implement the recommendations of the Lahey Report on forestry practices, which advocates among other things, a drastic reduction in clear-cutting…
OTTAWA, THE CANADIAN PRESS — Statistics Canada says manufacturing sales rose 0.9 percent to $54.2 billion in December led by sales of wood products, transportation equipment, and petroleum and coal products. The agency says there were record-high sales of wood products in the final month of 2020, as higher lumber prices pushed sales up 8.3…
TORONTO, CNW — Norbord Inc. a wholly-owned subsidiary of West Fraser Timber Co. Ltd. effective February 1, 2021, today reported Adjusted EBITDA of $865 million for the full-year 2020 compared to $138 million in 2019. The improvement was due to significantly higher realized North American oriented strand board (OSB) prices, productivity improvements, and lower raw…
QUEEN’S PARK – The Ontario government is launching new and improved Northern Ontario Heritage Fund Corporation (NOHFC) programs to help increase economic development and promote job creation in the North. The four new programs will target existing and emerging markets, support more projects in small rural communities, address the skilled labour shortage and make it…
MY CAMPBELL RIVER NOW — North Island College is now offering tuition-free training aimed at helping people find jobs in growing sectors of the economy. The new programs include both short micro-credential offerings and full-length programs starting this month and in March. (Micro-credentials are short courses that help people gain specific skills for high-demand careers….