The U.S. Coalition for Fair Lumber Imports may file a trade complaint against British Columbia wood producers over increased processing of timber that has low government harvesting fees, RBC Capital Markets said.
West Fraser Timber Co., North America’s largest lumber producer, is forecast to surpass the record it touched in April as analysts look beyond a slump in wood prices to focus on the recovering U.S. housing industry.
Resolute Forest Products Inc. Chief Executive Officer Richard Garneau says the world’s largest newsprint maker will consider acquisitions as lower borrowing costs aid a push into more lucrative products.
Rayonier Inc., a maker of specialty wood pulp used in cigarette filters, fell the most in almost five years after a company executive said prices for the commodity may decline amid plentiful global supplies.
Wood-panel makers Norbord Inc. and Ainsworth Lumber Co., among the best-performing Canadian stocks this year, will probably cool in 2013 as the accelerating U.S. housing recovery entices producers to restart idled mills.
International Paper Co. may cut its $3.31 billion takeover offer for Temple-Inland Inc. after shares of rival packaging makers fell and the U.S. economic outlook weakened, Royal Bank of Canada and Deutsche Bank AG said.