Woodbusiness.ca

Woodbusiness.ca is an online platform for Canadian Forest Industries magazine, which is Canada's leading national logging and solid wood products magazine since 1881. The site covers breaking news in the forest sector, new technology in harvesting and wood processing, issues affecting the sector, growth opportunities, efficiency tips, case studies and more. They also have sister publications such as Canadian Biomass and Opérations forestières to cater to different regions and languages. The site focuses on the 'rock to road' market with a magazine named Rock To Road for related news and information.

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The Daily's Verdict

This news site is known for its high journalistic standards. It strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. It has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

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Recent Articles

  • Lumber Market Prices Plummet: Economic Conditions, Decreased Demand, and Oversupply Drive Down Prices by 38% and 12% for Western S-P-F and Southern Yellow Pine

    Lumber Market Prices Plummet: Economic Conditions, Decreased Demand, and Oversupply Drive Down Prices by 38% and 12% for Western S-P-F and Southern Yellow Pine

    Broke On: Tuesday, 25 June 2024 The lumber market has experienced a significant drop in prices due to uncertain economic conditions, decreased demand for housing and renovations, excess capacity in lumber and panel manufacturing, and record low U.S. housing affordability. Southern yellow pine has shown less volatility than spruce or Douglas fir/Hem fir and is priced more affordably. Experts predict continued decreased demand for housing and renovations in the coming months, influenced by the Producer Price Index, the Fed's rate decisions, and ongoing economic factors.