Home builders voice their concerns over the future of lumber building materials, the B.C. wildfires have forced farmers to evacuate to safety, and the Bank of Canada’s rate hike is not expected to have a significant impact on auto sales. These are the stories we’re following this week:
- Lumber shortages due to rising Canadian lumber tariffs have home builders concerned about the future availability of building materials. Via Housing Wire
- Chief economist at the Canadian Automobile Dealer Association notes the recent Bank of Canada rate hike is not expected to have a significant short-term impact on auto sales. Via Canadian Auto World
- Farmers in the village of Ashcroft, B.C. were forced to evacuate as wildfires swept along the hillsides and caused damage to farmland and livestock. Via CBC News
- Meal-kit delivery startups like Blue Apron and Chefs Plate could be the next rising threat that may hurt grocers over the long term. Via Yahoo Finance
- Despite reports of a downturn in the Canadian resale housing market, recent data show that the number of builders breaking ground on new Toronto construction projects continues to grow at a strong pace. Via The Globe and Mail
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