Resolute Forest Products reported a quarterly net loss of C$47 million, largely due to declines in its paper business. Lumber performance was hit by countervailing duties.
Construction is underway at StructureCraft for North America's first large-scale plant built using dowel laminated timber. The 50,000-square-foot facility in Abbotsford, British Columbia, is expected to be completed in August.
Canada and Mexico are highly exposed to any changes in U.S. trade policy, says Scotiabank's chief economist. Both countries send over three-quarters of exports to the U.S.