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Paper and Forest Products Forest Products

  • The NAFTA agreement with Mexico and Canada was "the worst trade deal in history," candidate Trump declared. He accused NAFTA of having swollen America's trade deficit with Mexico, pulled factories south of the border and killed jobs across the United States. Five days of talks aimed at overhauling NAFTA begin Wednesday in Washington, with negotiations to follow...

  • TORONTO, Aug 14- Canada's main stock index rose on Monday as investors jumped back into riskier assets as some tensions eased over North Korea, with heavyweight financials leading gains, while lower oil prices weighed on energy shares. The Toronto Stock Exchange's S&P/TSX composite index mirrored global markets, which rebounded from their biggest weekly...

  • Toano, Virginia- based Lumber Liquidators reported a net income of $4.5 million, or 16 cents per share in the second quarter ended June 30, compared to a loss of $12.2 million, or 45 cents per share, a year earlier. Lumber Liquidators has suffered several quarters of losses after a report in March 2015 alleged that its flooring products sourced from China contained...

  • *Core PCE for June up 0.1 pct vs similar rise in May. *Under Armour falls after cutting forecast. Aug 1- U.S. stock indexes kicked off the month on a strong note, with the Dow coming within spitting distance of the 22,000 mark, powered by gains in Goldman Sachs and 3 M.

  • The company reported a net profit of $4.5 million, or 16 cents per share in the second quarter ended June 30, compared to a loss of $12.2 million, or 45 cents per share, a year earlier. The results follow several quarters of losses after a report in March 2015 alleged that the company's flooring products sourced from China contained high levels of formaldehyde, a...

  • WASHINGTON, July 27- British Columbia Premier John Horgan said after talks with Trump administration officials on Thursday he was hopeful a dispute between Canada and the United States over softwood lumber could be resolved before NAFTA talks begin in mid-August. Horgan told Reuters he saw no reason why the dispute should be part of the three-way North...

  • WASHINGTON, July 27- British Colombia Premier John Horgan said after talks with Trump administration officials on Thursday he was hopeful a dispute between Canada and the United States over softwood lumber could be resolved before NAFTA talks begin in mid-August. In an interview, Horgan said he saw no reason why the dispute should be part of the three-way...

  • July 25- PulteGroup Inc cut its full-year gross margin forecast, mainly due to increased discounting in its Pulte brand amid increased competition and higher lumber prices following wildfires in Canada. Wildfires in Canada's British Columbia, which bills itself as the world's biggest exporter of softwood lumber, are disrupting timber operations during...

  • GENEVA, July 24- More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, despite concerns his administration would introduce a raft of punitive rules to protect U.S. jobs. During the period under review, the United States introduced new restrictions including a...

  • OTTAWA/ BENGALURU, July 13- The Bank of Canada will follow up its first interest rate hike in seven years with another increase in October as it charts a course of gradual tightening, with two more hikes expected next year, according to a Reuters poll of primary dealers. Nine out of the 11 institutions that deal directly with the Bank of Canada at debt auctions expect...

  • CALGARY, Alberta, July 12- Major pipeline companies in western Canada created fire breaks, installed sprinklers and took other measures to protect operations as raging wildfires spread to more than 38,000 hectares in British Columbia. On Friday, British Columbia declared its first state of emergency since 2003.. Kinder Morgan Canada Ltd, a unit of Kinder...

  • CALGARY, Alberta, July 12- Major pipeline companies in western Canada have created fire breaks, installed sprinklers and taken other measures to protect operations as raging wildfires spread to more than 38,000 hectares in British Columbia. On Friday, British Columbia declared its first state of emergency since 2003.. Kinder Morgan Canada Ltd's Trans...

  • CALGARY, Alberta, July 11- Rapidly spreading wildfires in British Columbia are set to tighten the supply of wood products and raise prices as they disrupt timber operations during the year's peak building season, industry and analysts said on Tuesday. Forestry products are a significant driver of the economy of British Columbia, which bills itself as the...

  • CALGARY, Alberta, July 11- Rapidly spreading wildfires in British Columbia are set to tighten the supply of wood products and raise prices as they disrupt timber operations during the year's peak building season, analysts said on Tuesday. Forestry products are a significant driver of the economy of British Columbia, which bills itself as the world's biggest...

  • July 7- Higher interest rates are coming to Canada sooner than had been anticipated, a Reuters poll showed, but economists are divided on whether the central bank will act next week as it weighs supporting the economy against preventing the housing market from overheating. Canada's growth is broad-based, and business sentiment is picking up, which supports the...

  • WASHINGTON, June 26- Escalating a trade dispute with Canada in the run-up to talks on renegotiating NAFTA, the U.S. Commerce Department on Monday imposed preliminary anti-dumping duties on Canadian softwood lumber of up to 7.72 percent. Canada, which denies it subsidizes producers, said earlier this month it would give C $867 million in aid to the domestic...

  • WASHINGTON, June 26- The U.S. Commerce Department said on Monday it had made a preliminary decision to exclude three of Canada's Atlantic provinces from a U.S. investigation into whether Canada is dumping or subsidizing exports of softwood lumber. The decision to exclude Newfoundland and Labrador, Nova Scotia and Prince Edward Island follows a preliminary...

  • At a closed-door meeting last month, Arizona State University ecologist Leah Gerber presented a plan to U.S. Fish and Wildlife Service officials that would use a mathematical formula to direct government money away from endangered and threatened species she calls "over-funded failures" and toward plants and animals that can more easily be saved.

  • Treasury Secretary Steven Mnuchin on Friday said he was not worried by lower-than-expected tax revenues, saying that he has a backup plan for funding government if Congress did not raise the debt ceiling by August. "I've been consistent in we hope Congress deals with the debt limit as soon as possible, but in any event, we're not concerned," he added.

  • OTTAWA, June 1- Canada will give C $867 million in aid to the softwood lumber industry after the United States imposed duties on exports and is prepared to offer more help in future, the government said on Thursday. U.S. producers say the exports are unfairly subsidized, a charge Canada strongly denies. The dispute has increased tensions between Canada and the...