2020 was an exceptional yet volatile year for Canfor. The unprecedented challenges stemming from the coronavirus outbreak (“COVID-19”) weighed heavily on results in the first half of 2020. However, through the second half of 2020, there were several positive developments, including an unexpected increase in demand and record global pricing.
FOREST2MARKET — US forest industry performance in December and January was recently reported by both the US government and the Institute for Supply Management. Total industrial production (IP) advanced 1.6 percent in December, with gains of 1.0 percent for manufacturing, 1.6 percent for mining, and 6.2 percent for utilities. For
NAHB — After a slight slowing of sales at the end of 2020, new single-family home sales edged higher in January, increasing 4.3% to a 923,000 seasonally adjusted annual rate, according to estimates from the Census Bureau and HUD. Sales exceeded construction starts by a historic margin at the end of the
WOODWORKING NETWORK.COM — Lumber prices have hit $1,000 per thousand board feet, an all-time high, according to data from Random Lengths. That’s double the price from three months ago. “Price increases—some to record-setting levels—and long delivery delays are causing hardships for construction firms that are also experiencing challenges in completing
CBC NEWS — Prime Minister Justin Trudeau and U.S. President Joe Biden will release a roadmap for renewing the Canada-U.S. relationship tomorrow that will serve as a blueprint for joint priorities such as tackling climate change, confronting the COVID-19 pandemic, and restarting the North American economy, said senior officials from
By Dauna Ditson, Communications and Marketing Advisor Kalesnikoff Mass Timber Kalesnikoff is honoured to have been named the province’s lead exporter of manufactured products in the BC Export Awards, hosted by Business in Vancouver. “Value-added manufacturing is a vital aspect of our industry, supplying jobs and stimulus to our economy,”
FOREST2MARKET — Prices for North American softwood lumber continue to move ever higher as we cross the midway point of 1Q2021. Southern yellow pine (SYP) lumber prices set new records last month before temporarily dropping for three consecutive weeks. We’re now seeing a two-week rally take shape that has driven