Canada’s economy contracts as US mortgage rates dip below 6%

The Tree Frog Forestry News
February 27, 2026
Category: Today's Takeaway

Canada’s economy contracted as weaker US-bound exports dragged on growth. In related news: US mortgage rates fell below 6%, and Japan’s housing starts ticked down. In Business news: Canada remains optimistic on US trade, while the US signals concessions are required; Western Forest Products is expanding its Vancouver, Washington mill site; Canfor turns down bid for its Houston, BC holdings; Ahlstom downsizes its Moninee, Wisconsin paper mill; and Drax launches review of its Canadian pellet operations.

In other news: the Royal Architectural Institute Canada touts new mass timber guide; BC reports progress on chronic wasting disease in deer; Mosaic sells its Nanaimo marsh lands to the Regional District; PacifiCorp owes $1B in an Oregon wildfires class-action suit; and Cal Fire opens grant program to support forestry. Meanwhile: could shifting gears from forestry to tourism pay the bills in BC, and why BC’s lumber crisis is also a climate challenge.

Finally, London, OntarioThe Forest City‘ is this year’s Forest Capital of Canada.

Kelly McCloskey, Tree Frog News Editor

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