BC will lead a seven-day forestry trade mission to Japan and South Korea starting November 8 to expand markets for wood products.
Wood Markets News
US Fixed Mortgage Rates Inch Higher in the Week Ending November 6
The 30-year fixed-rate mortgage averaged 6.22%, up from 6.17% the previous week, Freddie Mac reported.
CPKC Reaches 13 New US Tentative Collective Bargaining Agreements
CPKC announced 13 new tentative five-year labor agreements with US unions representing carmen, clerks, maintenance, and other rail workers across 10 states.
Ontario Concludes 2025 Wildfire Season With 1.5 Million Acres Burned
Ontario wrapped up its 2025 wildfire season after 643 fires burned nearly 1.5 million acres, and the province announced new crews, aircraft, and investments for 2026.
ADP: Private Sector Employment and Pay Rise in October
Private sector employment increased by 42,000 in October, while annual pay rose 4.5% from a year earlier.
US Mortgage Applications Fall in the Week Ending October 31
Mortgage loan application volume decreased 1.9% on a seasonally adjusted basis from one week earlier, MBA reported.
Harvard Opens David Rubenstein Treehouse, Its First Mass Timber Building
Harvard University has opened the David Rubenstein Treehouse, its first mass timber building and University-wide conference center.
UK’s Velindre Cancer Center Takes Shape With Timber Frame Completion
The UK’s Velindre Cancer Center reached a key milestone with the installation of its timber frame, a sustainable design centerpiece for the new hospital.
Canadian Sawmill Production and Shipments Fall in August
Canadian sawmill production fell 1.9% in August, while shipments declined 13.5%.
Canadian Building Construction Costs Rise in Q3
Building construction costs in Canada rose 0.6% in Q3 for both residential and nonresidential sectors, amid tariffs, supply-chain issues, and labor shortages.