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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.
British Columbia, First Nations, Nature Conservancy of Canada, Interfor and partners create Incomappleux Conservancy, spanning 58,654 hectares of inland temperate rainforest, to protect rare ecosystems; Interfor releases 75,000 hectares of forest tenure
Published: January 25, 2023 by Government of British Columbia
CIBC conference highlights with Interfor: CFO sees downside risks to 2023 consensus US housing forecasts of 1.2-1.3 million, but upbeat on demand prospects for 2024; pricing expected to be more challenging in H1, but pointing to better H2; R&R holding up
Published: January 23, 2023 by CIBC World Markets Inc.
RBC highlights wood products news for the week (Jan. 15): Lumber/OSB prices rise; Interfor plans to reduce lumber production by at least 100 mmbf in Q1; West Fraser to indefinitely curtail Perry, Florida, sawmill, citing high fiber costs, softening market
Published: January 19, 2023 by RBC Capital Markets LLC
Interfor to reduce lumber production in Q1 by at least 100 mmbf, or 8% of quarterly capacity, mainly outside of its US South operating region; company cites economic conditions and market uncertainty affecting lumber demand
Published: January 11, 2023 by GlobeNewswire

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