Dozens of firefighters from Alberta and British Columbia will help fight wildfires in California, and the federal government is coordinating efforts to deploy resources, The Canadian Press reported.
Wood Markets News
Hybrid Timber Tower Proposed for Perth, Australia
A proposed hybrid timber tower is set to bring 351 apartments, 64 short-stay units, and retail spaces to Perth, Australia, The Urban Developer reported.
Value of Canadian Building Permits Falls for Second Consecutive Month in November
The total value of building permits issued in Canada decreased 5.9%, or $739.5 million (CAD), to $11.7 billion in November.
Södra Intends to Divest Its Forest Holdings and Other Operations in the Baltics
Södra owns approximately 153,000 hectares (378,000 acres) of land in Estonia and Latvia, the majority of which is in Latvia.
US Nonfarm Payroll Increases by 256,000 in December; Unemployment Holds Steady at 4.1%
Total nonfarm payroll employment increased 256,000 in December, following an increase of 227,000 in November.
University of Michigan Releases Preliminary Consumer Sentiment Index for January
The University of Michigan Index of Consumer Sentiment declined to a reading of 73.2 in January, a month-over-month decline of 1.1%.
Canadian Employment Improves and Unemployment Declines in December
Employment rose 0.4%, or by 91,000 jobs, in December. The employment rate increased 0.2 percentage points to 60.8%.
Canadian Mill Services Association Acquires Quality Control Department of the BC Council of Forest Industries
The Canadian Mill Services Association has completed a purchase agreement with the BC Council of Forest Industries to acquire the COFI Quality Control operations and to merge them into CMSA.
HS Timber Group to Purchase Vika Wood From Bergs Timber
Austria-based HS Timber Group announced an agreement to acquire 100% of the shares in Latvian wood processing company Vika Wood SIA from Swedish owner Bergs Timber AB.
US Mortgage Rates Creep Higher in the Week Ending January 9
The 30-year fixed-rate mortgage averaged 6.93%, up from last week when it averaged 6.91%, Freddie Mac reported.