Despite market correction, companies post positive Q2 results

The Tree Frog Forestry News
August 3, 2022
Category: Today's Takeaway

Despite a housing correction and weakening economic data, corporations are posting positive Q2 results. This includes: Finning International; BlueLinx Holdings; Clearwater Paper; and US tissue manufacturers (in general). In other Business news: Canfor’s Taylor Mill curtailment will continue until transportation levels return; the Tolko/Jasper Lumber partnership secures an Alabama grant; Collins appoints Tom Insko as its new CEO; and Sappi announces paper price increases.

In Forestry/Climate news: Manitoba signs MOUs with two Cree Nations; wood pellets role in Canada’s low carbon economy; California forestry takes heat over the McKinney Fire; a  BC mountain resort uses snow-making machines to protect its infrastructure and wildfire updates from Penticton BC, and Nebraska.

Finally, the survey says: reading is up and physical books are still king!

Kelly McCloskey, Tree Frog Editor

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