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Paper and Forest Products Forest Products

  • TOANO, Va. _ Lumber Liquidators Holdings Inc. on Tuesday reported a loss of $5.5 million in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share. Lumber Liquidators shares have declined slightly more than 2 percent since the beginning of the year.

  • OTTAWA, Feb 20- The pace of Canadian wholesale trade accelerated in December in its third consecutive monthly gain, with increases seen in most sectors, including machinery and building material, data from Statistics Canada showed on Monday. Volumes in December were up 0.9 percent, which could support overall economic growth during the month, although...

  • *Index posts its highest close since Jan. 5. TORONTO, Jan 20- Canada's benchmark stock index rose to a two-week high on Friday, led by financial and resource stocks as commodity prices rose, with investors brushing off a more uncertain outlook for NAFTA after the inauguration of Donald Trump as U.S. president. A White House statement issued soon after the...

  • TORONTO, Jan 20- Canada's main stock index jumped 1 percent on Friday in a broad rally led by resources stocks as oil prices pushed higher and other commodity prices also gained and as investors eyed the inauguration of Donald Trump as the next U.S. president. Pipeline companies also gained, with Enbridge advancing 1.9 percent to C $57.82 and TransCanada up 1.3...

  • U.S. producers complain Canadian lumber is subsidized, and have in the past launched trade challenges that resulted in the United States imposing billions of dollars in tariffs. In a widely expected move, a group that includes the U.S. Lumber Coalition petitioned the U.S. Commerce Department and the U.S. International Trade Commission to impose duties to "...

  • WASHINGTON, Nov 25- A group representing the U.S. lumber industry and some of its workers on Friday called on authorities to impose duties on Canadian softwood lumber, reigniting a long-standing trade dispute between the two nations. In a widely-expected move, the COALITION group petitioned the U.S. Commerce Department and the U.S. International Trade...

  • OTTAWA, Nov 23- Labor market reforms could both improve the North American Free Trade Agreement and help address U.S. concerns about illegal immigration from Mexico, a senior Mexican official said on Wednesday. President-elect Donald Trump has vowed to tear up or renegotiate NAFTA- a trade pact under which Mexico and Canada send a large majority of their...

  • President-elect Donald Trump that Canada is open to renegotiating the NAFTA trade agreement, with opposition parties mocking Trudeau for being naive and panicked. Trudeau, whose Liberals have a parliamentary majority, said last week that "if Americans want to talk about NAFTA, I'm more than happy to talk about it," a day after Canada's ambassador to the United...

  • *Chinese manufacturers seek trading base in Vietnam. HO CHI MINH CITY, Nov 7- From textiles and shoes to paper and furniture, Chinese manufacturers are pouring investments into neighbouring Vietnam, hoping to ride on the coattails of the Southeast Asian country's pending trade blitz. Importantly, a base in Vietnam gives Chinese manufacturers access to trade...

  • *Q3 loss 68 cents/ shr vs est. loss 19 cents/ shr. Sales of Lumber Liquidators, which owns brands such as Bellawood hardwood flooring, have been hammered since CBS published a report last year that alleged that some of the company's flooring products had high levels of formaldehyde, a known carcinogen. Lumber Liquidators has settled with some regulators, including...

  • *Q3 loss 68 cents/ shr vs est. loss 19 cents/ shr. Sales of Lumber Liquidators, which owns brands such as Bellawood hardwood flooring, have been hammered since CBS published a report last year that alleged that some of the company's flooring products had high levels of formaldehyde, a known carcinogen. Lumber Liquidators has settled with some regulators, including...

  • Sales of Lumber Liquidators, which owns brands such as Bellawood hardwood flooring, have been in a decline since a report from CBS last year that some of the company's flooring products had high levels of formaldehyde, a known cancer agent. However, net loss widened to $18.44 million or 68 cents in the quarter, from $8.5 million or 31 cents per share, a year earlier,...

  • TORONTO, Oct 25- Canada's main stock index fell on Tuesday in a broad retreat led by energy stocks as oil prices weakened, while gold miners offset the losses as bullion hit a near three-week high. The Toronto Stock Exchange's S&P/TSX composite index closed down 52.38 points, or 0.35 percent, at 14,870.63. "This is more of a mean reversion behavior in the market, not...

  • TORONTO, Oct 25- Canada's main stock index was barely lower in morning trade on Tuesday as gains in resources stocks were offset by falls among financial and telecom names. At 10:33 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 4.99 points, or 0.03 percent, to 14,918.02. Telecom companies also weighed, with Rogers Communications Inc...

  • Trade Representative Michael Froman and Canadian Minister of International Trade Chrystia Freeland said negotiators were meeting in Washington this week. "In those negotiations, we will work to meet the mandate agreed to by President Barack Obama and Prime Minister Justin Trudeau when they met in Ottawa in June- a new agreement that is designed to maintain...

  • OTTAWA, Sept 14- Canada has not yet managed to settle a long-running dispute with the United States over softwood lumber exports and is ready to resort to litigation if necessary, Trade Minister Chrystia Freeland said on Wednesday. Trade Representative Michael Froman and industry representatives in Washington, said increasingly protectionist trade...

  • OTTAWA, Sept 14- Canada has not yet managed to settle a long-running dispute with the United States over softwood lumber exports and is ready to resort to litigation if necessary, Trade Minister Chrystia Freeland said on Wednesday. Trade Representative Michael Froman and industry representatives in Washington, said increasingly protectionist trade...

  • Weyerhaeuser will purchase Plum Creek Timber in a deal the two companies said would create a $23 billion timber, land and forest products company.

  • Sierra Nevada Mountains near Lake Tahoe

    Researchers are trying to find out if denser forests in California are soaking up more water and adding to the state's horrible drought.

  • The Big Picture on Falling Lumber Prices

    CNBC's Kelly Evans takes a look at how falling commodity prices are impacting home builders and housing.