Canadian real GDP grew 0.6% in January, led by a rebound in educational services following the resolution of the public sector strikes in Quebec.
Wood Markets News
US Pending Homes Sales Increase Month-Over-Month in February, but Remain Lower Year-Over-Year
The National Association of Realtors Pending Homes Sales Index was 1.6% higher month-over-month in February.
Oregon School District Sues Oregon Department of Forestry Over New Forest Management Plan
Jewell School District filed a lawsuit in against the Oregon Department of Forestry over declining timber revenues as the state prepares to implement a new management plan for its forests, KGW8 reported.
Belarus Circumventing EU Sanctions by Exporting Timber Though Poland Using False Documentation
An investigation published by Notes from Poland shows Belarus is circumventing EU sanctions by exporting timber into the bloc through Poland using false documentation suggesting it is from Kazakhstan.
US Fixed-Rate Mortgages Inch Lower in the Week Ending March 28th
The 30-year fixed-rate mortgage averaged 6.79%, down from last week when it averaged 6.87%, Freddie Mac reported.
US Weekly Jobless Claims Decline in the Week Ending March 23rd
The advance figure for seasonally adjusted initial claims was 210,000 during the week ending March 23rd, a decrease of 2,000.
US Real GDP Increases at an Annual Rate of 3.4% in 2023Q4, BEA Reports in Its “Third” and Final Estimate
Real GDP increased at an annual rate of 3.4% in Q4, following a reported increase of 4.9% in Q3.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for March
The University of Michigan’s Index of Consumer Sentiment rose to a reading of 79.4, up from 76.9 in February.
Logistical Nightmare Unfolds After Collapse of Maryland’s Francis Scott Key Bridge
On Tuesday, Maryland’s Francis Scott Key Bridge collapsed after it was struck by a cargo ship. The disaster has blocked the Port of Baltimore.
Quebec Earmarks C$8.5 Million for Salvage of Storm-Damaged Timber in Bas-Saint-Laurent Region
The investment of $8.5 million over two years will make it possible to recover wood toppled by strong winds before it deteriorates.