Q3 reports: Weyerhaeuser up, Mercer down

October 30, 2020
Category: Today's Takeaway

Weyerhaeuser reported strong Q3 results on record wood products earnings, but Mercer was down 10% due to lower pulp sales. In related news: US solid wood and southern fibre prices correct down; pending home sales retreat; and builder confidence in the 55+ housing market reaches an all time high.

In Forestry news: Canfor’s brush control plans in Prince George, BC gets pushback from local MLA; Alberta First Nations, ENGOs call for more Caribou protection; still no timeline for Nova Scotia’s Biodiversity Act; and the US is planning to end gray wolf protections. Meanwhile: evacuation orders are lifted for many Californians; and Oregon landowners face a lengthy and costly post-fire recovery.

Finally, have a happy and safe Halloween!

Kelly McCloskey, Tree Frog Editor

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