Canfor Committee Analyzing Great Pacific Offer

Canfor Corp. announced that a Special Committee of its board of directors has retained Greenhill & Co. as financial advisor. Greenhill is preparing a valuation of the common shares of the company. Additionally, the Special Committee has retained Osler, Hoskin...

Tale Of Two Regions

This summer has started with a series of curtailment and closure announcements from several major lumber producers in Western Canada. Canfor is temporarily reducing production capacity in British Columbia by 200MMBF, curtailing operations at all BC sawmills, except...

West Fraser Announces Temporary Reduction

West Fraser announced temporary production curtailments during which all mill activities will be reduced for one week in June at five British Columbia sawmills: Chetwynd, Quesnel, Williams Lake, Smithers and Fraser Lake. The decision to implement this temporary...

Western Wildfire Victims Feel The Burden Of Lumber Tariffs

Over 1,200 homes have been destroyed by wildfires in California so far in 2018. And due to increased tariffs, those wildfire victims are having to deal with higher construction costs. So are victims whose homes were ruined by Hurricane Harvey last year in Texas. The...

Global Lumber Market: Futures Prices Still Breaking Records

Back in March, FreightWaves reported on a “perfect storm for lumber markets”: a confluence of strong global demand and critical supply issues that caused futures prices for a thousand board feet of lumber to break $500 for the first time ever. To put that number in...