Industry
Forestry
Canada calls US softwood duties unfair, unjustified, despite reduction
US Department of Commerce imposes countervailing duties of nearly 9%, down from just over 20%.
Peak Renewables buys Canfor forest tenure, idled mills in Fort Nelson
Multi-year $30-million deal with wood pellet manufacturer requires provincial BC government approval.
Canada invests $4.5M to develop biofuel and products
CRB Innovations is developing a commercial pilot project to convert forestry residuals and other biomass.
Feds pushed to abandon trade talks with Brazil over Amazon deforestation
Between January and the end of July, an area almost twice the size of PEI had burned.
Record high lumber, panel prices drive up Alberta stumpage fees
They’ve nearly doubled to $67.31 in September, from $36.56 per cubic metre in August.
Trudeau vows Canada won’t back down in softwood dispute with US
Duties imposed in 2017 claiming Canada’s regulated forestry industry amounts to an unfair subsidy for producers.
Canadians cheer, US denounces WTO decision on softwood lumber
Department of Commerce and International Trade Commission declared wrong in 2017 when they imposed countervailing duties.
J.D. Irving begins work in July on $35M NB sawmill expansion
Project will add about 1,300 square metres to the mill’s footprint, operations set for next spring.
CBSA launches investigations into plywood from China
Complaint alleges Canadian industry is facing an increase in the volume of the dumped and subsidized imports.
Canfor curtailing production for four weeks, closing a mill in BC
Pandemic and other local factors blamed for both actions by the forest products company.
COVID-19 crisis prompts BC mill to boost medical pulp production
Harmac Pacific’s primarily red cedar pulp allows it to be mixed with synthetics to make end products like masks and gowns.
Canfor cuts lumber production and capital spending due to COVID 19
Will be down about $100 million across lumber operations compared with 2019.
Nova Scotia forest industry airs concerns over mill closure during AGM
Frustration voiced over what is seen to be a lack of direction following the loss of one of the industry’s major players.
Environmental groups critical of Ontario government forestry plan
Tories propose increasing logging on Crown-owned lands from 15 million to 30 million cubic metres by 2030.
Lumber company shares rise on news the US intends to cut softwood duties
CIBC suggests average US duties would drop from about US$67 per thousand board feet to $30 based on current pricing levels.
