“Analysts are saying the Canadian forestry industry is poised for growth. Although the industry has long been an underdog, many factors are converging to support higher prices in the years ahead.
Canaccord Genuity has a bullish outlook on the lumber market for mid-to late 2011 and 2012. They believe that supply side constraints, such as the implications of the mountain pine beetle in western Canada, will help lift prices later in 2011.”
Lumber may finally pay off for investors
“The $29 ticketed event has been sold out for weeks. It included an English-inspired breakfast with bangers and roasted tomatoes, and a tiered dessert tray with stewed prunes, and the ultimate royal staple: scones with strawberry jam and Devonshire clotted cream.”
Vancouverites rise and shine with the royals
Hundreds gather in tuxedos, tiaras, and pyjamas to celebrate the Royal Wedding at the Empress
“We’re very challenged right now,” Hromadnik admitted. Tembec is still feeling the effects of the economic downturn in the U.S. paired with the strong Canadian dollar as about 60 per cent of production, according to Hromadnik’s estimation, is shipped south of the border.
Situation in forestry sector is still tense
Conflicting market conditions at present, according to this interesting article in The Wall Street Journal.
Buyers’ Market? Stressed Sellers Say Not So Fast
“In other evidence that housing market woes may be settling, home builder Pulte Group Inc reported a smaller-than-expected quarterly loss. The nation’s second largest home builder said order cancellations had fallen and that it did not need to offer more incentives to lure customers.”
Pending Home Sales Rose 5.1 percent in March
Some lumbermen report suspicions that grade claims go up when markets go down… but there’s statistical data available to support claims that divorce rates go up in times of economic recovery here.
The Building Products Connection magazine arrived in the mail yesterday, our first issue since joining the Northwestern Lumber Association as an Associate Member. The web edition is available here. There’s plenty of interesting information between the glossy ads – I was particularly drawn to an article entitled “The Facebook Employee: Employment Issues in a Web-Based World.” A lawyer, Ken Wentz cautions “the infusion of technology, electronic communications, and networking in the workplace carries risk.” And while he expresses the usual concern about the drain on productivity from “social NOTworking” sites, he acknowledges their power in generating contact lists, potentially leading to questions of ownership between employers and employees.
“About a year ago, Brent Comber got a call from a staff member at North Vancouver’s Capilano Suspension Bridge, saying the park had just toppled a giant Western Red Cedar and needed to get rid of the hulking trunk.
The 1,100-year-old tree had been dead for quite some time, recalls Comber, but it was still a thing of natural beauty.”
Working Against the Grain
This SBS Dateline documentary provides interesting information to corroborate reports of growing unsold real estate inventories in China.
The increase in home construction activity was felt in most regions of the country. It rose 32.3 per cent in the Midwest, 27.6 per cent in the West and 5.4 per cent in the Northeast. Construction fell 3.3 per cent in the South.
Behind the Numbers