Canada is at a national Preparedness Level 5 out of 5, indicating full commitment of national resources is ongoing, demand for resources is extreme, and international resources are being mobilized.
Wood Markets News
Global Coalition Looks to Secure a Place in Emerging Carbon Markets
Two Australian forestry sector veterans have created the International Sustainable Forestry Coalition (ISGC) to secure a place in the emerging carbon market, according to a feature by Proactive Investors.
Canada and Ontario Investing in Affordable Housing Units
Canada, Ontario, and the regional Municipality of Halton have announced over $45 million (CAD) in funding to construct 52 affordable housing units in Oakville, Ontario.
Acquisition, Development, and Construction Loan Volumes Decline in Q2
Rising interest rates and tightening financial conditions contributed to a decline in the volume AD&C loans during Q2, the National Association of Home Builders reported.
US Wood Pellet Exports Decline Month-Over-Month but Rise Year-Over-Year in July
The US exported 651,698.8 metric tons of wood pellets in July, down from 865,995.4 metric tons in June, according to the USDA and Biomass Magazine.
US National Interagency Fire Center Wildfire Update for the Week Ending September 8th
As of Friday, September 8th, 72 large wildfires have burned more than 468,876 acres in 14 states. Five new large wildfires were reported.
Canadian Employment Increases in August
Employment throughout Canada increased by 40,000, or 0.2%, in August, following little change in July. Since January, employment has increased by 174,000, or 0.9%.
Fannie Mae Home Purchase Sentiment Index Unchanged for August
The Index remained effectively unchanged in August, as consumer confidence towards housing continued along the low-level set earlier in the year.
New Brunswick’s New Forest Plan to Protect More Crown Forest
New Brunswick announced new steps the province is taking to protect more Crown forest, according to CBC News.
Canadian Building Permits Decline in July
The total monthly value of building permits in Canada declined 1.5% to $11.7 billion in July. The value of residential permits increased 5.4% to $7.4 billion.