Prime Minister Mark Carney announced new federal measures to support Canada’s lumber industry, including CA$500 million in loan guarantees, AP reported.
Wood Markets News
Conifex to Curtail Operations at Its Mackenzie, BC, Sawmill for Four Weeks
Conifex will curtail operations at its Mackenzie, BC, sawmill for four weeks starting December 15, citing weak lumber markets, lower SPF prices, and higher US duties.
Drax to Close Williams Lake, BC, Pellet Plant by End of 2025
Drax will shut its Williams Lake, BC, pellet plant by year-end, citing reduced fiber supply and ongoing sawmill curtailments.
Maine’s Woodland Pulp Halts Purchases of Canadian Pulpwood Amid Higher US Tariffs
Woodland Pulp has paused purchases of Canadian softwood pulpwood, citing higher US tariffs and market uncertainty, Global News reported.
European Parliament Backs One-Year Delay and Simplification of EUDR
The European Parliament voted to extend compliance deadlines and streamline due diligence requirements under the EU Deforestation Regulation.
Canadian GDP by Industry in September
Canadian real GDP increased 0.2% in September, with goods-producing industries leading gains.
Canadian Payroll Employment Declines in September
Canadian payroll employment fell 0.3% in September, with losses across most sectors and job vacancies rising for the first time since January 2024.
FHFA House Price Index Rises in Q3
FHFA reported that its House Price Index rose 2.2% year-over-year in Q3, with prices up in 44 states and the strongest gains in the Middle Atlantic division.
US Mortgage Applications Edge Higher in the Week Ending November 21
Mortgage loan application volume increased 0.2% on a seasonally adjusted basis from one week earlier, MBA reported.
US Delistings Jump as Sellers Pull Homes Rather Than Accept Lower Prices
Nearly 85,000 US home sellers removed listings in September, up 28% year-over-year, with Redfin citing stale listings, slow demand, and reluctance to take losses.