Duties and tariffs, southern yellow pine oversupply and weak housing weigh on West Fraser’s Q4 results. In other company news: Fibre Excellence may close two pulp mills in France; Nippon Paper is acquiring a New Zealand wood fibre company; and Acadian Timber and Rayonier report their Q4, 2025 earnings. Meanwhile: US job growth rebounded; Canada’s building permit values rose; and BC outperformed Canada on exports.

In other news: the US EPA is proposing updates to its formaldehyde emission standards; Nebraska’s Horizon Biofuels is fined for July 2025 wood-dust explosion; a study says climate change set the stage for devastating fires in Argentina and Chile; and climate scientists say tipping point to hothouse earth may already be upon us.

Finally, despite Trump’s bridge threat and the House vote opposing tariffs, the upcoming CUSMA negotiations offer a sign of hope.

Kelly McCloskey, Tree Frog News Editor