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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

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

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

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

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

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