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Low loonie expected to bring out U.S. protectionist forces: forestry firm Tembec

2016-01-29 02:30:51| Food - Topix.net

The boost Canadian lumber exports are getting from the falling loonie is certain to bring out protectionist forces in the U.S. lumber lobby, says the CEO of Quebec-based forestry company Tembec. "I think that they're watching the Canadian dollar drop, particularly in lumber, and they're saying, 'This isn't fair,'" CEO James Lopez said Thursday before a company meeting with shareholders.

Tags: low bring expected firm

 

Low loonie expected to bring out U.S. protectionist forces: forestry firm Tembec

2016-01-29 01:12:40| Agriculture - Topix.net

The boost Canadian lumber exports are getting from the falling loonie is certain to bring out protectionist forces in the U.S. lumber lobby, says the CEO of Quebec-based forestry company Tembec. "I think that they're watching the Canadian dollar drop, particularly in lumber, and they're saying, 'This isn't fair,'" CEO James Lopez said Thursday before a company meeting with shareholders.

Tags: low bring expected firm

 
 

Tembec (TMB) to Release Earnings on Thursday

2015-11-18 12:30:11| Agriculture - Topix.net

Tembec will release its earnings data before the market opens on Thursday, November 19th. Analysts expect Tembec to post earnings of per share for the quarter.

Tags: release thursday earnings earnings release

 

Tembec in financial a crunch timea as bonds plummet, may rely on bailout from Fairfax [Bloomberg]

2015-09-16 02:01:24| Agriculture - Topix.net

Soon after Prem Watsa - the investor known as Canada's Warren Buffett - became the largest shareholder of Tembec Inc., the bond market started betting creditors may be taking over instead. The forestry firms' bonds plummeted to about 68 cents on the dollar after the Montreal-based company warned that if its earnings continue to fall it could breach the terms of a bank loan.

Tags: on financial rely bonds

 

Tembec to update Ontario sawmills, put off Quebec spending until wood costs cut

2015-01-29 22:58:08| Agriculture - Topix.net

Tembec plans to invest about $50 million over the next five years to upgrade it Ontario sawmills, but will put off any spending in Quebec until the province lowers wood costs, which are the highest in North America. The Quebec-based forestry company said Thursday it can't justify investing in the province where log costs are 20 per cent higher than Ontario.

Tags: put update costs cut

 

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