Wood Markets News


Building with Mass Timber Will Make the Two New Vancouver B.C. Schools More Earthquake Resistant

The Canadian government has announced that it is investing $1.48 million (CAD) to help in the construction of two schools built with mass timber that will be more resistant to earthquakes. The funding comes from the Department of Natural Resources under a program that encourages the use of wood in innovative construction projects such as tall wood buildings, low-rise nonresidential buildings, and bridges.

Canadian Employment Loses 108,000 Jobs Between January and February 2021

According to the ADP® February 2021 Canada National Employment Report, which is produced by the ADP Research Institute®, employment in Canada decreased by 108,000 jobs from January to February. The report, which is derived from actual ADP payroll data, measures the change in total nonfarm payroll employment each month on a seasonally adjusted basis.

Shortage of Seedlings Leave Oregon Small Landowners in a Bind

As a result of last year’s wildfires, small landowners in Oregon find themselves in a predicament. Oregon law requires replanting after harvesting trees for timber, but there now is a surge in demand for a product that takes two years to grow. Seedlings that will be ready this year already are sold, and those planted because of new demand will take time to grow.

Weekly Jobless Claims Increase in the Week Ending March 13, 2021

The U.S. Department of Labor is reporting that an additional 770,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday March 13, 2021 — an increase of 45,000 from the previous week’s revised level. The 4-week moving average was 746,250, a decrease of 16,000 from the previous week’s revised average.

The Conference Board’s Leading Economic Index® Increases in February

The Conference Board, which was founded in 1916 as a non-partisan, not-for-profit think tank, released today (3-18-22) their February 2021, Leading Economic Index® (LEI) for the U.S. According to the release, the LEI which is based on ten separate components increased 0.2% in February, following a 0.5% increase in January and a 0.4% increase in December.

Industry Veteran Helps to Turn Potential into a Reality at Northern Ontario Sawmill

Despite having ‘retired’ in 2005, Frank Dottori, the founder of Tembec Inc., continues to pursue opportunities in the forest products industry. His most recent as the CEO of White River Forest Products (WRFP) located in White River Ontario and WRC Timber — the mills parent company. The WRFP mill was shut down for seven years before WRC Timber bought the mill in 2013.