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Recent Articles

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CIBC Chopping Block (Feb. 9): Lumber markets continue to fall, with W. SPF prices down 1.8% week-over-week to US$428/mbf, and SYP 2x4 down 2.1% to US$367/mbf; R&R companies such as Masco see flat to low-single-digit decline in R&R market in 2024

Carbotech acquires Sawquip, a manufacturing company specializing in sawmill equipment, from Equipements Cardinal; acquisition allows Carbotech to expand its product range and offer innovative solutions for lumber production

Madison's Lumber Prices Index for week ended Feb. 9 is at US$468/mbf, down 1% from previous week

CIBC reiterates Acadian Timber's neutral rating and C$17 target despite better-than-expected Q4 results, maintains cautious view on commodity lumber prices in 2024; Acadian focused on further increasing harvesting capacity availability in 2024

Portage Lumber announces merger with Milwaukee -based Bliffert Lumber in hopes to continue growth in Central Wisconsin's building market; Bliffert CEO expects Portage's lumber prices to decrease as its stock of lumber materials will at least double

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