Finland has eased forestry restrictions in its African swine fever infection zone, allowing forestry work and soil preparation, except controlled burning, Metsäkeskus reported.
Wood Markets News
BC Reduces Allowable Cut for Tree Farm License in The Omineca Region
BC reduced the allowable annual cut for Tree Farm License 30 in the Omineca region by 17.6% to 340,000 cubic meters.
Brink Forest Products Lays Off 50 Employees at Prince George, BC, Plant
Brink Forest Products is laying off 50 employees at its Prince George, BC, finger-joint lumber plant and will continue operating the facility at about 20% capacity, CBC News reported.
European Log Prices Reach Record Highs as Lumber Demand Remains Subpar
European softwood lumber producers face record-high log costs, weak finished-product demand, and rising shipping expenses that are squeezing sawmill margins, Interior Daily reported.
US National Interagency Fire Center Wildfire Update for September 7
As of Monday, September 7, 33 large fires were actively burning across the US. Year-to-date, 53,233 wildfires have burned 8,303,398 acres.
NFIB Small Business Optimism Index Falls in August
The NFIB Small Business Optimism Index fell 1.1 points to 98.7 in August, while the Uncertainty Index fell 2 points to 89.
Ontario Invests CA$17 Million in Forest Sector Manufacturing Projects
Ontario is investing CA$17.3 million in four projects aimed at modernizing mills, boosting biomass use, and supporting forestry jobs.
Canadian Sawmill Production and Shipments Climb in June
Canadian sawmill production rose 0.2% in June, while shipments increased 5.0%.
US Nonfarm Payroll Increases by 162,000 in August; Unemployment at 4.1%
US nonfarm payroll employment rose by 162,000 in August, well above the 12-month average gain, while the unemployment rate held at 4.1%.
US Private Residential Construction Spending Falls for Fourth Consecutive Month in July
US private residential construction spending fell 1.3% in July to $859.0 billion (SAAR), marking its fourth consecutive monthly decline, the Census Bureau and NAHB reported.