Interfor has completed the previously announced divestiture of its operations in Québec, Canada, to Les Chantiers de Chibougamau Ltée.
Wood Markets News
US Construction Employment Increases in December
Employment in the construction sector increased by 8,000 jobs in December, following a matching gain in November, the BLS and NAHB reported.
UK Timber Import Volumes Rise 15% in October, TDUK Reports
UK timber and panel product imports were much higher in October, resulting in an overall 15% uplift in imports, TDUK reported.
Canadian Firefighters Join Fight to Contain Southern California Wildfires
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.
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%.