West Fraser and International Paper reported positive Q3 earnings. In related news: Perry, Florida seeks new buyer for GP’s Foley mill; Masonite acquires Fleetwood Aluminum; the Bank of Canada says interest rates may fall before inflation target is reached; the TD says Canadian homebuilding is holding up ‘pretty well’; and US new home sales rose as prices dropped.
In Forestry/Climate news: a study by Forest Declaration Assessment says deforestation worsened in 2022 despite pledges to restore them; Jennifer Skene, one the report’s authors, says Canada failed to prevent forest degradation; a new study on how American’s view the harms of climate change; and a EU study assesses volumes of tree coverage outside of traditional forests.
Finally, Rob Keen heads up the new Canadian Tree Nursery Association; Interfor appoints Geoffrey Evans director; and Lynn MacKinlay succeeds Richard Lipman as president of the Wood Manufacturing Council.
Kelly McCloskey