Thanks to lumber, Canfor is back into the black in Q2

July 24, 2020
Category: Today's Takeaway

Canfor bounces back into the black, reflecting materially higher lumber earnings and a small pulp products loss. In related news: BC forestry revenue rebounds but employment lags; North American dealers retain upbeat outlook; Maine loggers welcome fed relief bill; and EU wood pellet demand is expected to increase. Elsewhere: Unifor supports Northern Pulp’s bid for creditor protection; and Western Forest Products donates $100,000 to 13 food banks. 

In other news: prof studies the effects of glyphosate on northern BC’s forests; climate change hits home for Russia in Siberia; Greece wildfires rage out of control; and wildfire smoke ages, becomes more toxic over time. Meanwhile: Toronto breaks ground on its newest, tallest wood-frame building; and the US National Defense Authorization Act provides for mass timber use.

Finally, the BC Forest Practices Board welcomes two new appointees. Congrats Gail and Cindy!

Kelly McCloskey, Tree Frog Editor

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