Canada's economy grew again in August, by 0.3%, for a third consecutive month, almost entirely on increases in oil and gas and related energy activity.
A key gauge of economic trends advanced in October, led by strong household spending. Statistics Canada's composite leading index rose 0.2 per cent during the month.
Layman's Lumber Guide argues: Now is the time for SYP producers to reclaim some lost market share. Instead of suing the competition, just make better looking lumber. I assure you, the public will be more than happy to buy it. If America wants to sell its product in America, it must make a product desired by Americans.
Shock, awe, outrage, numbness, bewilderment. That seems to be the sequence of emotions when we are exposed to a disappointment of epic proportion. Layman's Lumber Guide looks at this series of emotions as it pertains to the proposed Southern Pine lumber design value changes.
Although the recent commotion about lumber design values has been centered on Southern Pine, traders and industry associations are also keeping their eyes on other lumber species.
Canada has submitted its defense in a $C500 million case filed by the U.S. alleging that Canada violated the Softwood Lumber Agreement through its timber pricing policy in the British Columbia Interior.
The year began with a great deal of optimism that the economic recovery would gradually build momentum and that operating fundamentals for commercial real estate would continue to improve. Much has changed, however.
Housing starts fell 0.3 percent to a 628,000-unit pace in October from a downwardly revised 630,000-unit pace in September. The decline was concentrated in multifamily. Building permits rose 10.9 percent.
The Leading Economic Index (LEI) rose 0.9 percent in October, with building permits and the yield spread making the largest contributions. The supplier delivery component was the only negative contributor.