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Forest2Market: Volatility defined much of global marketplaces in lumber, timber, related industries as 2022 wrapped up; North American lumber market still struggling against inflationary pressure and high interest rates, and taking toll on housing market
Published: January 25, 2023 by Forest2Market Inc.
Moody's: Smaller emerging markets no longer at risk of facing stronger sovereign debt crisis, but weaker currencies, unemployment, high interest rates still obstacles for growth; in 2023, Mexico set to grow 1.0%, Brazil to grow 0.8%, China to grow 4.3%
Published: January 25, 2023 by Reuters
Bank of Canada increased its target for the overnight rate to 4.50%, with the Bank Rate at 4.75% and the deposit rate at 4.50%; the Bank is continuing its policy of quantitative tightening
Published: January 25, 2023 by Bank of Canada
RBC Capital: December US housing data viewed as neutral, with housing starts slightly above expectations and housing permits moderately below estimates; homebuilder confidence rose after 12 consecutive monthly declines, as interest rates cooled modestly
Published: January 24, 2023 by RBC Capital Markets LLC
North American lumber prices could be muted through Q1, amid unsteady housing sentiment, ongoing concerns about recession and interest rates; another rate hike expected by US Federal Reserve on Feb. 1 will likely push lumber prices lower: Forest2Market
Published: January 23, 2023 by Forest2Market Inc.

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