Lumber producers are cutting back, a signal that higher interest rates are taking root

Canada News News

Lumber producers are cutting back, a signal that higher interest rates are taking root
Canada Latest News,Canada Headlines
  • 📰 financialpost
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 85%

A growing number of Canada’s largest companies cite softening demand. Read more here

Economists often use that example to explain how pandemic policies such as social distancing created ripple effects in the economy, including a shift in consumer spending from services — think dining out or seeing a concert — to durable goods, which resulted in price inflation.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“We are temporarily curtailing production in British Columbia due to reduced market demand,” Don Kayne, chief executive of Vancouver-based Canfor,The company said it expects annual production to drop by 200 million board feet, or an estimated six per cent of its annual capacity in B.C., where Canfor’s disclosures indicate it has around three billion board feet of annual capacity.that it would “permanently” curtail production at several B.C.

That’s driven in part by the effects of climate change: Record wildfires in 2017 and 2018 destroyed huge swaths of forest and added to losses caused by the explosion in populations of mountain pine beetles, which also decreased the volume of available wood supply in B.C. Add in the flooding in 2021 that wiped out key transportation corridors, and production costs rose.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

financialpost /  🏆 7. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'We will meet again': Read the Archbishop of Canterbury's full sermon at Queen’s funeral'We will meet again': Read the Archbishop of Canterbury's full sermon at Queen’s funeralAs millions of people across the world watched Queen Elizabeth II’s funeral, the Archbishop of Canterbury Justin Welby noted in his sermon that 'few leaders receive the outpouring of love we have seen' for her.
Read more »

Polygon: Dominant MATIC investors should read this before going all inPolygon: Dominant MATIC investors should read this before going all inPolygon [MATIC] has managed to piqued the curiosity of whales or so called dominant buyers in the past few days. Polygon’s recent collaborations and growing domination in the dapp and NFT market may have spurred this interest. Will Polygon be able to sustain whale interest for longer than anticipation? Shopping Spree WhaleStats, a crypto whale […]
Read more »

New Gold produces despite record floodNew Gold produces despite record floodRead the full story and comment on Tbnewswatch.com
Read more »

Programs extend mental health supports for farmersPrograms extend mental health supports for farmersRead the full story and comment on Tbnewswatch.com
Read more »



Render Time: 2025-02-16 05:44:03