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  TORONTO -- Strong economic news from south of the border and optimism about the end of the pandemic drove Canada's main stock index to a record close in post-Easter trading on Monday, despite lower oil prices. The S&P/TSX composite index closed up 36.47 points at 19,026.79 after setting a new intraday high of 19,064.88. The U.S. government reported on Friday that employers went on a hiring spree in March, adding 916,000 jobs, the most since August. Trader reaction was delayed until Monday because markets were closed for Good Friday. Investors were then further encouraged by a report M...

Lumber prices jump to record $1,000 US despite slowdown in sales Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with all-time record high prices for lumber and oriented strandboard building panels. Social Sharing

Winnipeg Free Press By: Dan Healing, The Canadian Press Posted: Last Modified: 11:46 AM CST Wednesday, Feb. 17, 2021 Save to Read Later CALGARY - Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with new all-time record high prices for lumber and oriented strandboard (OSB) building panels. Workers sort wood at Murray Brothers Lumber Company woodlot in Madawaska, Ontario on Tuesday, April 25, 2017. Homebuyers and renovators hoping for a mid-wint...

Lumber prices have shot to fresh records, defying the normal winter slowdown in wood-product sales in a sign that the pandemic building boom is bowling into 2021. Records have been set across species, products and grades, according to pricing service Random Lengths. It has never cost more to buy oriented strand board, known as OSB and used for walls, Southern yellow pine, which is favored for fences and decks, or ponderosa pine, which is popular in cabinetry and interior trim. Many engineered wood products used in new construction, such as I-joists, are in short supply, and mills are backlogg...

The Globe and Mail Globe Investor Top value picks, best Canadian equity ETFs and rallying lumber stocks: What you need to know in investing this week Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Looking for investing ideas? Here’s your weekly digest of the Globe’s latest insights and analysis from the pros, stock tips, portfolio strategies plus what investors need to know for the week ...