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NYSE:UFS 4 December 2025

Crofton Pulp Mill to Close Permanently: 350 Jobs Lost as B.C. Rejects Old-Growth Logging Lifeline

Crofton Pulp Mill to Close Permanently: 350 Jobs Lost as B.C. Rejects Old-Growth Logging Lifeline

Domtar will permanently close its Crofton pulp mill on Vancouver Island by mid-December 2025, cutting about 350 jobs and removing 380,000 tonnes of annual pulp capacity. The company cited poor pulp prices and limited access to affordable fibre in B.C. The closure follows earlier layoffs in 2024 and will end all operations at the 70-year-old site. Local officials warn of major economic fallout for North Cowichan.
4 December 2025

Stock Market Today

  • Asia Stocks Rally as Trump Signals Progress on U.S.-Iran Peace Deal
    May 20, 2026, 11:38 PM EDT. Asia's stock markets opened higher following President Trump's signals of nearing the final stages of a U.S.-Iran peace deal, sparking a relief rally across equities. The potential resolution eased geopolitical tensions, boosting investor confidence in the region. According to senior market analyst Kelvin Wong based in Singapore, this development is pivotal as it reduces uncertainty in markets, supporting a positive outlook for stock and foreign exchange sectors. The rally exemplifies how geopolitical developments can swiftly influence financial markets, underlining the importance of global macro analysis in identifying key market reversal points.

Latest articles

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The SPAC and New Issue ETF, now trading as SPCK, closed up 0.64% at $22.09 on Wednesday after SpaceX filed for a $75 billion IPO under the fund’s old ticker. The fund reported $7.14 million in net assets and 41 holdings as of May 19. New listings included a $75 million IPO from Research Alliance III and filings from FutureCorp Space Acquisition 1 and JAB Acquisition I. The SEC proposed easing share issuance rules for public companies.
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21 May 2026
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