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Recent Articles
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CIBC Chopping Block (Jan. 26): W. SPF lumber prices up 15.3% week-over-week to US$415/mbf, and SYP 2x4 up 4.1% to US$403/mbf; in SPF, buyers secured near-term needs, and in SYP, momentum from British Columbia curtailments edged into already active South
Published:
January 31, 2023
by CIBC World Markets Inc.
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British Columbia's Mirax Group to acquire Lyle Forest Products in Chilliwack, furthering its goal to become a more vertically integrated forestry company; Lyle is a premier value-added lumber facility dealing with Pacific Coast hemlock, western red cedar
Published:
January 30, 2023
by Mirax Group
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PotlatchDeltic reports Q4 net income of US$3.8M on revenues of US$253.1M, full-year income of US$333.9M on revenues of US$1.3B; company in 2022 acquired nearly 400,000 acres of high-quality timberland and committed to expanding Waldo, Arkansas, sawmill
Published:
January 30, 2023
by PotlatchDeltic Corp.
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CIBC upgrades Canfor, Interfor and West Fraser to outperformer from neutral, with housing affordability improving, significant removal of British Columbia lumber industry capacity from Canfor; large capacity shock in BC Interior should boost lumber prices
Published:
January 30, 2023
by CIBC World Markets Inc.
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Vaagen Fibre clearing out inventory at Midway mill in British Columbia, job losses loom for remaining employees; closure blamed on lack of affordable wood fiber, and any solution will likely mean significant changes to milling industry's structure
Published:
January 30, 2023
by Trail Daily Times
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