CN is bracing for a work stoppage starting on Tuesday, January 28, after 750 members of the IBEW in Canada issued a 72-hour strike notice, FreightWaves reported.
Wood Markets News
Skogsfond Baltikums Sells All 9,000 Hectares of Its Baltic Forests in 2024
Skogsfond Baltikum sold its three forest-owning subsidiaries in Latvia and Lithuania in December. The company said the forests and lands sold totaled about 9,000 hectares (22,000 acres).
Canadian Real Estate Association Forecasts Rebound in Existing-Home Sales in 2025
CREA recently released its updated existing-home sales forecast for 2025, but it was little changed from the fall 2024 outlook.
US National Interagency Fire Center Wildfire Update as of January 27
As of Monday, four large fires in Southern California have burned 54,519 acres. The National Fire Preparedness Level remains at a 2 out of 5.
Fire Damages Arbec’s OSB Mill in Amos, QC
Firefighters battled a major fire at Arbec’s OSB plant in Amos, Quebec, on Tuesday night, Radio-Canada reported.
US Existing-Home Sales Rise 2.2% in December
Existing-home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million.
Mercer Peace River Pulp and Woodland Cree First Nation Extend Co-Ownership of Peace River Logging
Mercer Peace River Pulp and Woodland Cree First Nation have signed a historic agreement extending their co-ownership relationship of Peace River Logging.
Taiwan Becomes First in Asia-Pacific to Achieve 100% FSC Certification for Public Forests
The certified forest area covers nearly 1.6 million hectares (3.95 million acres), accounting for 71.5% of Taiwan’s total forest area—the highest certification rate among Asian countries.
University of Michigan Releases the Final Results of Its Consumer Sentiment Index for January
The University of Michigan’s Index of Consumer Sentiment declined to a reading of 71.1 in January, down 3.9% from December.
Canadian New-Home Prices Fall 0.1% in December
Canada’s New Housing Price Index declined 0.1% but increased 0.1% year-over-year in December.