Ontario’s wildland fire season officially ends

Toronto — Ontario’s 2020 wildland fire season officially ends tomorrow, closing a season well below Ontario’s 10-year average in total number of fires and total affected area, but one which posed a new level of risk due to the COVID-19 outbreak for firefighters and communities threatened by fire. To address this,...

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Pending home sales retreat in september

NAHB — After reaching a record high last month, pending home sales cooled in September, ending four straight months of gains. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI fell 2.2% from 132.9 in August to...

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Latest News

  • FEA’S weekly order survey shows a slight uptick in sales activity

    Dealers responding to FEA’s Weekly Order Survey noted a slight uptick in their Jobsite sales activity. As the calendar moves into November, builders, especially in the northern tier, are rushing to get job sites under roof and prepared for the onset of more winterlike weather. Dealers in the Southern Plains...

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  • Ritchie Bros. acquires Rouse Services

    VANCOUVER, BC, PRNewswire/ – Ritchie Bros. Auctioneers and Rouse Services have announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire Rouse Services for approximately $275 million. Completion of the acquisition is subject to customary closing conditions, including, among other conditions, the expiration or termination of the applicable waiting period under...

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  • New allowable annual cut levels set for Haida Gwaii management units

    Government of British Columbia — Effective immediately, British Columbia’s chief forester, Diane Nicholls, has set new allowable annual cut (AAC) levels for the Timber Supply Area (TSA) 25 and Tree Farm Licences (TFLs) 58 and 60 on Haida Gwaii. The new AAC for the TSA is 398,000 cubic metres. The...

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  • Russia Plans to Ban Log Exports 

    WRI –Softwood log exports from Russia have been in steady decline for the past 15 years and could reach zero in 2022 if President Putin’s new log export ban is implemented In a recent statement, the Russian President ordered the government to strictly control the exportation of roundwood and low-value forest...

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  • West Fraser announces third quarter 2020 results

    VANCOUVER, BC, CNW — West Fraser Timber Co. Ltd. has reported results for the third quarter of 2020.  All dollar amounts in this news release are expressed in Canadian dollars.   Third Quarter Highlights Sales increased by 32% to $1,690 million in the quarter. Adjusted EBITDA increased to $605 million from $184 million in the second quarter. Cash...

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Summer #1 2020 – Vol 24 #4

Summer #1 2020 – Vol 24 #4

August 25, 2020
By: Brett Vezina

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