Kevin Mason
The conflict in Iran has extended into a sixth week. Despite growing fears about economic wreckage (we have already seen cracks in consumer sentiment, mortgage rates climbing, etc.), we have yet to see any significant second- and third-order impacts on forest products commodities (the operative word is yet). Despite President Trump’s suggestion that the US will retreat from the Middle East in the next two to three weeks, risks abound. Even with a retreat, the risk to the world’s energy arteries will likely persist; it is only a matter of time before companies in our universe suffer the consequences of the war.
Some cost inflation has shown up quickly (e.g., energy and transport) and will pressure margins as soon as Q2. While a select few companies (those in certain packaging and paper grades) may successfully hike prices to at least partially offset higher costs, for others the downside peril to underlying demand means that margin compression is a risk (prices could fall without supply reductions). As such, while our commodity price and company earnings forecasts have not declined materially, we are adopting a more cautionary approach to valuations and moving EBITDA multiples lower for companies and commodities for which we perceive at more risk. …Several producers in our space needed markets to come to the rescue this year; however, with each passing day that the world is mired in this conflict, it looks increasingly as if 2026 will become another year to survive.
In the face of significant challenges—from mill closures to tariffs and shifting global markets—one question we hear more than any other from people: “What can I actually do to help?” When the headlines are dominated by uncertainty, it can feel like the hurdles facing the forest industry are too large for any one person to influence. But there is a powerful way to make your voice heard and tell the provincial government it isn’t just an industry priority but a priority for every British Columbian that wants a resilient future.
An employee at a national non-profit is accused of fraud involving more than $6 million in public funds earmarked for Indigenous Guardians programming. The First Nations National Guardians Network, or NGN, provides funding, networking, training and education opportunities that support First Nations-led stewardship and sovereignty. In an email, the non-profit – which administers funds from the federal Department of Environment and Climate Change – told operators of Guardians programs it had found “evidence of a sustained pattern of unauthorized financial transactions that appear to have been made by a member of staff.” An investigation identified suspicious transactions over a period of months… 90 Indigenous Guardians projects were funded through NGN in the 2023-24 fiscal year. In the North Island, they include Campbell River-based Homalco First Nation, which received $100,000, and Nanwakolas Council Society, an alliance headquartered in Campbell River that represents First Nations on the South Central Coast and northern Vancouver Island, which received $150,000.
Professionals in the lumber and sawmilling sector who are ready to take the next step in their careers can elevate their business acumen and leadership potential through BCIT’s Associate Certificate in the Business of Sawmilling. Developed with guidance from industry leaders, this flexible, part-time program empowers learners to build the strategic insight, confidence, and applied skills needed to move into supervisory and management roles. Delivered fully online and taught by experts from across North America, the program equips students with a clear understanding of how economic trends, market forces, financial decisions, and operational strategies shape modern sawmill performance. Graduates leave with the practical knowledge and industry-relevant perspective to contribute at a higher level, drive improvements, and make meaningful business decisions within their organizations. What sets this program apart is the calibre of instructors behind it: professionals with decades of combined experience in economics, finance, manufacturing optimization, fibre strategy, and global wood products markets.
VANCOUVER, BC — This week, the BC Council of Forest Industries (COFI) will convene its Annual Convention, bringing together more than 600 industry delegates, community and First Nations leaders, and government representatives. The gathering comes at a critical turning point as the sector navigates a perfect storm of mill closures, volatile global markets, and ongoing trade disputes. To weather the storm, focus must be on the factors within BC’s control. Action on critical policies has been too slow. As mills close and communities face the impact, the COFI Convention serves as a vital platform to align on practical solutions such as improving timber supply, streamlining regulations, and fixing the business environment to improve global competitiveness. This year’s convention theme, Forestry is a Solution, mirrors a province-wide initiative highlighting the deep-rooted support British Columbians have for the workers and families that depend on a vibrant forest economy. …COFI today released its updated study, 
VANCOUVER, BC – The BC Council of Forest Industries (COFI) today released its latest economic impact study, Rooted in BC: Economic Impact of Forestry. The report uses the latest Statistics Canada data up to December 2024 to provide a localized look at the sector’s vital role across all eight of BC’s economic regions. Despite significant global trade volatility and shifting land-use priorities, the findings underscore that the forest sector remains an indispensable pillar of the provincial economy. From sustaining high-wage jobs to funding the essential public services British Columbians rely on, the industry’s footprint remains significant.
West Kelowna family-owned forestry company – Gorman Group – has completed a $120 million deal to transfer harvesting tenures from Seattle-based Weyerhaeuser, with the move continuing the strategic partnership with the Osoyoos Indian Band’s Nk’Mip Forestry division. …Dan Macmaster, Head of Forestry at Nk’Mip Forestry, told the Times Chronicle that this agreement continues with the transfer of TFL 59 to Gorman and “We meet regularly to review and update all land use activity on the tenure. This agreement was put in motion with Weyerhaeuser last year and has improved and evolved since the transfer of the licence to Gorman.” …Nick Arkle, CEO, Gorman Group added, “We recognize that any Crown tenure transfer comes with important responsibilities and obligations to First Nations, communities and employees who depend on the long-term stewardship of the land and the careful use of the fibre.” …Ravi Parmar, Minister of Forests said: “Gorman Group is investing in the future of forestry…”
Canadian officials are considering unusual measures to protect domestic producers of vegetables and wood products from low-priced imports. The move threatens to complicate Prime Minister Mark Carney’s efforts to fight US tariffs and strengthen Canada’s trade relationships with other countries, while also tackling cost-of-living challenges. Finance Minister Francois-Philippe Champagne ordered an investigation last month into imports of frozen and canned vegetables. …He also said he’d received an “urgent” request for trade protection from makers of wood furniture, cabinets and flooring, adding that his department would respond soon. …The group behind the appeal on wood products, the Canadian Wood Products Alliance, is seeking a temporary tariff of 100 per cent to 125 per cent for four years, representative Alain Ouzilleau said. The measure would apply to all imports except those from the US. or Mexico, he added. …Canada wood-products manufacturers were already facing increased competition from China.
Lumber futures tumbled toward $580 per thousand board feet, marking a one month low as the combination of high interest rates and falling home construction has crushed demand faster than sawmills can reduce supply. This downward pressure is driven by a 14.2% collapse in single family housing starts and a 5.4% decline in building permits that signaled an abrupt cooling of spring activity. While ongoing sawmill closures have removed 1.3 billion board feet of capacity and US duties on Canadian imports remain at 45% these supply factors are failing to support prices against a sharp loss of buyers. The recent surge in mortgage rates to 6.46% has stifled traffic and left builders managing a 2.4% increase in unsold inventory that necessitates immediate price cuts. Furthermore the April 2nd announcement of C$2.1 billion in Canadian forestry subsidies has introduced expectations of more wood availability that offsets the risks of shipping delays through the Strait of Hormuz.
The economic headwinds facing B.C. are expected to have an even greater impact than originally expected, with accounting firm Deloitte Canada downgrading its economic forecast for the province in its most recent update. Originally projecting 1.6 per cent GDP growth in 2026 in its January report, the financial consulting giant now predicts B.C. will have “muted” growth of only 1.2 per cent. Dawn Desjardins, chief economist at Deloitte Canada, said some of the main culprits are the declining forestry sector, which continues to face mill closures and thousands of job losses due to a lack of fibre, as well as crippling U.S. duties, a population decrease, and uncertainty surrounding the future of the Canada-U.S.-Mexico trade agreement.
Canada Wood’s April 2026 Market News highlights how targeted technical work, partnerships, and education are advancing Canadian wood products across Asia. In Korea, fire and acoustic testing is helping pave the way for broader adoption of wood in mid-rise construction. In Japan, efforts to integrate Canadian dimension lumber into traditional post-and-beam systems are opening new hybrid opportunities, while a villa project in Okinawa showcases wood’s performance in demanding climates. At the same time, rising domestic lumber production in Japan signals increasing competition. In China, a technical exchange led by Dr. Steven Craft is supporting dialogue around mass timber fire safety, while education initiatives are shaping the next generation of designers. The newsletter also reflects on Canada–Japan collaboration in post-disaster rebuilding and highlights innovation showcased at Tokyo’s Nikkei Show—together illustrating how Canada Wood continues to expand market access, strengthen relationships, and position wood as a practical, sustainable building solution.
Sarah Wayne Callies, from AMC’s The Walking Dead, has urged her fans to oppose a Nanaimo zoning change west of Cable Bay trail. On April 16, a hearing will be held in Nanaimo, for the possible rezoning of 74.71 hectares of the total 86-hectare property at from rural resource to industrial, with site-specific provisions over its use, allowed density and lot coverage. Included in the application for rezoning is a provision of an average 100-metre buffer zone around Cable Bay trail, about 13 per cent of the property. The zoning application was submitted by Harmac Pacific. During an information session in 2024, the company shared it would like to turn the land into a private industrial park. At the time, a representative with Harmac told the News Bulletin that the process to lease out the land would be phased over many years, and it would be marketed to businesses that “might have synergies” with Harmac’s existing business. 
A private company is seeking exclusive rights to part of a coastal park near Victoria, sparking concerns about the B.C. government’s priorities for public wilderness areas. One With Nature Corp. aims to use 72 hectares of East Sooke Regional Park, …for an outdoor education and wilderness survival skills school. Five hectares near a hiking trail would be used for overnight accommodation and would be off limits to the public if approved. …The school would include an archery range, an outbuilding to process animals, a learning centre, a camping area, bathrooms, a boat dock and cabins built with trees the company would cut down in its exclusive use area, according to One With Nature’s application to the B.C. government. …A spokesperson for the B.C. Ministry of Water, Land and Resource Stewardship said the land is available because it was never transferred to the regional district or dedicated as park land when the East Sooke protected area was created in 1970.
LA RONGE, Saskatchewan — With Canada aiming to protect 30 per cent of land and water by 2030, a new study shows the federal government should pursue a conservation method which takes wildfires into account. That’s according to La Ronge’s Aaron Bell, who recently had a research paper published by the Ecological Society of America on March 30 as part of his PhD in Biology. The project, which includes experiments on 42 islands in the Lac La Ronge region, focused on testing competing ideas on how government’s design protected areas such as nature reserves, or provincial and national parks. …Bell proposing government’s use a pyrodiversity-biodiversity method, which promotes and maintains diverse plants and fauna and thereby generating diversity. …“I’m hoping it enables people in the North to say we’re not managing fires at all for biodiversity and maybe this is something we should think about moving forward,” he said. 
A years-long investigation into a special RCMP unit that polices protests against resource extraction in BC is finished but can’t be finalized because the RCMP’s oversight body has been without a chairperson for more than a year. The Civilian Review and Complaints Commission (CRCC) receives and oversees public complaints against the Mounties. It recently announced the completion of a systemic investigation into the Community-Industry Response Group (C-IRG), which drew national attention in 2019. …It’s unclear why the CRCC has been without a chairperson since January 2025. …At the top level of the agency there is meant to be a chairperson and up to four other members. According to the CRCC, all of those positions are currently vacant. …The majority of complaints against C-IRG came in response to civil court injunction enforcements and arrests in relation to Wet’suwet’en-led opposition to Coastal GasLink pipeline and protests against old-growth logging in the Fairy Creek area.
The widely discussed West Fraser forest management plan for West Bragg Creek and Moose Mountain has been updated to incorporate a new provincial wildfire mitigation program. West Fraser outlined the changes during its annual spring open house April 1 at the Cochrane RancheHouse, including a new supplementary harvest area in West Bragg Creek and a delayed timeline for Moose Mountain operations. The updates align with Alberta’s Community Hazardous Fuels Reduction (CHFR) program, introduced last year to reduce wildfire risk near vulnerable communities. “Working with forest companies, the program prioritizes the harvest of hazardous fuels within five kilometres of surrounding vulnerable communities,” the province said in an information package. “The CHFR program leverages existing forest tenure holders to adjust harvesting plans to make an immediate impact.” …“They’ve asked us as industry to prioritize our operations in that area,” said Tyler Steneker, woodlands manager for West Fraser Cochrane. 
Do you know the Okanagan is home to some of the very last remnants of interior old growth fir and spruce forests, specifically Peachland’s watershed, near Glen Lake? Do you know Glen Lake is a major source of our community drinking water, as it joins Peachland Creek before supplying our brand-new $35M water treatment plant? …Tell your government, Peachland’s trees are not destined for mills, ships to Asia or a flailing forestry industry safety-net. Peachland watershed’s forests are worth more standing, they store 83 per cent more carbon than pine plantations and mono-culture conifer farms. Most importantly we rely on their free infrastructure services and natural ecosystem benefits. …Act now before your back country is compromised. Four ways to make a stand! Write, call, online submissions and a petition…
The Government of British Columbia and Tla’amin Nation have signed a memorandum of understanding (MOU) to enhance collaborative stewardship actions in Tla’amin Nation territory, focusing on advancing key treaty commitments through a shared stewardship framework. The MOU, or the yiχmɛtštəm ʔəms gɩǰɛ Territorial Stewardship Action Plan, sets out how the B.C. government and Tla’amin Nation will work together to care for land and water, heritage resources, and Tla’amin wildlife harvesting rights in the region. In the Tla’amin language, yiχmɛtštəm ʔəms gɩǰɛ means “together we are taking care of the land.” “With the signing of this memorandum of understanding, the Province and Tla’amin Nation have taken a significant step forward to implement key commitments of the Tla’amin Treaty,” said Randene Neill, Minister of Water, Land and Resource Stewardship.
After roughly 100 sawmills, pulp mills, and engineered wood plants closed down or cut shifts since 2000, and thousands of loggers lost their jobs, the trade union representing those workers has its hands full. The consensus is: this is do-or-die time to stabilize the forest industry in British Columbia. USW Canada – District 3 represents workers across Western Canada, including BC’s unionized forestry workforce. Recently, District 3 Director Scott Lunny offered a forward-looking view of the industry on a podcast, despite the challenges it faces. Jeff Bromley, the union’s Wood Council Chair, put it this way: “What’s the alternative—giving up on rural communities throughout the province? We accept the responsibility to manage a transition in the best interest of our members.” …The Provincial Forest Advisory Council’s report, From Conflict to Care, has tabled a set of recommendations — and the Steelworkers Union agrees with its main thrust.
Textbook disaster capitalism. That’s how a forest advocacy group describes the Ministry of Forests’ Forest Statutes Amendment Act, a set of legislative changes to the Forests and Range Practices Act. “As social license for continuing to log primary forests dries up, the Ministry of Forests doubles down, accelerating logging while claiming that BC is a global leader in sustainable forest practices,” said Jenn Matthews, in a Conservation North news release. …The proposed changes would also expand ‘salvage’ logging, a controversial practice where trees are harvested following a natural disturbance. “Salvage logging – especially in forests that have never been logged – damages soils, wildlife habitat, and water flows,” said Conservation North’s director, ecologist Michelle Connolly. “Moreover, when you log after natural disturbance, you’re robbing the forest of key building blocks (including still-living trees) for the forest that will follow. The Ministry’s claim that this is forest stewardship is garbage.”
High in a tree in Vancouver’s Stanley Park, an arborist dangles from a climbing harness with a chainsaw… The work is part of a significant – and, to some, distressing – intervention to address the Hemlock looper moth outbreak that killed almost a third of the public park’s 600,000 trees between 2020 and 2023. …what’s happening in the park underscores the broader challenges of managing city green spaces in the era of climate change. …The city says those dead trees pose many risks, and the only way to deal with them is with saws. Joe McLeod, the city’s associate director of urban forestry, called it a “risk mitigation project for public safety.” …To better understand the twin risks of wildfire and falling trees, the city hired veteran wildfire ecologist and forester Bruce Blackwell. …None of this has sat well with Stanley Park Preservation Society founder, Michael Robert Caditz. …But fuel mitigation isn’t about preventing the most common fires; it’s about protecting against the worst possible ones, the kind of fires that occur on the most extreme weather days, when high temperatures, low humidity and strong winds combine to drive the wildfire risk into the red. [A Globe and Mail subscription is required for full story access]
The B.C. government is recommending a fine against those responsible for the deaths of more than a dozen cattle last fall, but the Ministry of Environment and Parks won’t say who, exactly, investigators believe is to blame for poisoning in the Quesnel area. The October incident prompted public outcry… The cattle … were believed to have been poisoned when they consumed nitrogen fertilizer meant to accelerate timber growth. B.C.’s Ministry of Forests said that laboratory analyses of the fertilizer and animal tissues are still being completed. …Meanwhile, the investigation under the Environmental Management Act has concluded with investigators recommending an administrative penalty — a fine imposed on a person or business alleged to have violated a regulatory requirement. …James Steidle, of Stop the Spray BC, worries that the poisonings did not result from a mishap but from standard forestry practices.
The Ministry of Forests has responded to residents’ concerns about a proposed logging project in the north BX area of Vernon. Area residents launched a petition last month in an effort to halt the 24-hectare logging operation near Hartnell Road and Brookside Creek. “Forestry plans to clear a significant amount of very old cedar and fir trees along the steep Brookside Creek catchment area. It will be highly visible from the many communities in Vernon,” the petition stated. In an email, the MOF said the area will not be clear cut. “BC Timber Sales is in the early stages of developing a wildfire risk-reduction project in the Brookside Creek area to increase forest resiliency against wildfire. Suggestions that the area will be clear cut are incorrect,” the MOF said. …The ministry said wildfire risk reduction projects are guided by a fuel management prescription … typically resulting in relatively high levels of tree retention.
OTTAWA, ON—Canadian Forest Owners (CFO) is pleased to welcome Forest Nova Scotia to its membership, expanding its national network in Nova Scotia, home to Canada’s largest private forest region. The province has the highest proportion of privately owned forest land in the country, supported by a diverse ownership base and a highly integrated forest sector. “Forest Nova Scotia represents a strong diversity of interests within its membership and is a valuable complement to our existing Nova Scotia members, including the Federation of Nova Scotia Woodland Owners and several large corporate members,” said Andrew de Vries, CEO of Canadian Forest Owners. “Forest Nova Scotia will further strengthen our national policy efforts and help raise awareness of the important role private forests play across Canada.” CFO represents approximately 480,000 private forest owners nationwide. Collectively, they manage 10% of Canada’s forest land base, contribute 20% of forest production, and play a vital role in sustainable forest management across the country.
Save the Date: June 9-10, 2026, Prince George, BC. Join industry leaders, safety professionals, and regulators at the 2026 Wood Pellet and Bioenergy Safety Summit, hosted by the Wood Pellet Association of Canada (WPAC) Safety Committee, in partnership with the BC Forest Safety Council, WorkSafeBC, and media partner Canadian Biomass. The Summit gathers experts from the pellet and bioenergy sectors for two days of practical learning, discussion and collaboration focused on enhancing workplace safety.