by Web Editor | Aug 12, 2015 | News
Canfor and Conifex say an investment agreement between the two lumber producers for $30 million has been completed. The loan by Canfor to Conifex Inc., a wholly-owned subsidiary of Conifex Timber is for five years, with the proceeds to be used for general corporate...
by Web Editor | Jun 24, 2015 | News
In the 60 years since Bob Jordan III joined his family’s North Carolina sawmill business, he hasn’t seen anything quite like the Canadian invasion of the South’s lumber industry. “You didn’t have people coming in from the outside — we never had this before,”...
by Web Editor | Jan 14, 2013 | News
U.S. lumber prices are near an eight-year high as demand for the staple commodity of the American housing sector has risen on the back of a pick-up in new home construction. Lumber – or sawn timber – futures contracts for March delivery stood at $380 per 1,000 board...
by Web Editor | Dec 31, 2012 | News
After four years of being the forgotten commodity, lumber is back in the spotlight, named Scotiabank’s top pick for investors for the coming year. “The investment sentiment has changed,” said Patricia Mohr, vice-president of economics and a...
by Web Editor | Nov 14, 2011 | News
British Columbia has broken another record in lumber exports to China this year, with shipments already surpassing 2010’s record total. According to the latest international merchandise trade data released by Statistics Canada, lumber exports over the first...
