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Today’s Takeaway

Georgia wildfires that destroyed 120 homes blamed for death of firefighter

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

The Georgia wildfires that destroyed 120 homes are blamed for death of a firefighter. In related news: BC’s Wildfire Service reports out of control wildfire near Coombs; Campbell River First Nation takes action to reduce fire risks; Whistlerites lag on preparedness despite concerns; and last year’s Manitoba wildfires cost $500M. Meanwhile: a new study says warming temperatures may exacerbate forest pest damage; and sustainable forestry concerns are raised by BC ENGOs; the Association of Vancouver Island and Coastal Communities, the Northwestern Ontario Municipal Association; and Harrison Hot Springs council.

In Business news: Prime Minister Carney announced a national sovereign wealth fund; Ontario communities brace for sawmill job losses; and New Zealand and India sign a free trade agreement. Meanwhile: Canada’s home builders report near-record low builder confidence; Canada’s insurance sector urges caution on mass timber; and BCIT hosts mill-ready training for lumber workforce

Finally, Canada’s supply management defenders could borrow from the lumber trade wars.

Kelly McCloskey, Tree Frog Editor

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Special Feature

Forest Industry Leader Derek Nighbor Calls on Ottawa to Deepen Support for Japan Market Strategy

Kelly McCloskey, Editor
Tree Frog Forestry News
April 30, 2026
Category: Special Feature
Region: Canada, International

Derek Nighbor, President and CEO of the Forest Products Association of Canada, appeared before the Parliamentary Standing Committee on International Trade to outline the promise and complexity of growing Canadian forest sector exports to Japan — and to make a pointed case for sustained federal investment to make it happen. Canada currently ships roughly $1 billion annually to Japan, a figure Nighbor put in context: it reflects a century of Canadian forestry trade there and 50 years of work by the Canada Wood Group. “It’s a heavy lift,” he said. Against nearly $8 billion in annual softwood lumber exports to the United States — now facing combined duties and Section 232 tariffs in the 45% range — Japan is a real but incremental diversification opportunity. Canada holds 65% of Japan’s 2×4 dimension lumber market, built by actively developing a wood-building culture where one didn’t naturally exist. Holding and growing that share, Nighbor told the committee, requires sustained technical engagement on codes, standards, and the platform frame system — not simply shipping more product. He also flagged headwinds: declining Japanese housing starts, growing domestic Japanese lumber supply, aggressive European entry across lumber, pulp, and pellets, and tightening Japanese sustainability and traceability requirements.

Nighbor’s asks to the committee were specific. He called for dedicated multi-year funding for the Canada Wood Group to build on its export development work, and for doubling the funding of NRCan’s Global Forest Leadership Program. He asked for federal investment in market-entry infrastructure — spec alignment tools, testing labs, and distributor networks — applicable to both Japan and Korea. And he made the case for continued government-led trade missions, pointing to a BC and Alberta forestry-specific mission to Japan in November as the kind of targeted engagement that moves the needle. Beyond lumber, Nighbor identified mass timber and engineered wood — aligned with Japan’s housing renewal, decarbonization, and seismic resilience priorities — and bioeconomy products including biocarbon, biofuels, and biomass as the next frontier for Canadian forest exports to Japan.

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Business & Politics

Commerce starts Canada softwood lumber duty review, names firms targeted

The Lesprom Network
May 3, 2026
Category: Business & Politics
Region: Canada, United States

The US Department of Commerce is initiating administrative reviews of antidumping and countervailing duty orders with March anniversary dates, with the actions applicable May 4, 2026, and final results planned no later than March 31, 2027. …The companies listed for review are 10104704 Manitoba Ltd, Woodstock Forest Products; CWP—Montreal Inc.; and Norsask Forest Products Limited Partnership. For certain uncoated paper from Brazil, the antidumping review covers March 1, 2025, through February 28, 2026. The companies listed are Suzano S.A. and Sylvamo do Brasil Ltda/Sylvamo Exports Ltda. For certain uncoated paper from Portugal, the antidumping review covers March 1, 2025, through February 28, 2026. The company listed is The Navigator Company, S.A.

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Canadian red tape is worse than Trump tariffs, say industry groups

By Ilyo Gridneff
The Financial Times in the Financial Post
April 27, 2026
Category: Business & Politics
Region: Canada

Derek Nighbor

Canada’s leading industry groups say Prime Minister Mark Carney’s effort to cut red tape is floundering, costing the country billions more in trade losses than Trump’s tariffs. Forestry, oil and gas, and auto industry representatives said they are frustrated at the pace of regulatory reform that is central to Carney’s efforts to insulate Canada from Trump’s devastating trade war. “Ottawa needs to align its regulatory policy objectives with economic reality,” said Derek Nighbor, president of the Forest Products Association of Canada, which represents one of the country’s largest employers. Nighbor said over the past decade overlapping government policies, mostly environmental regulation, have “chilled strategic investments” and become “a productivity and competitiveness killer, driving away investment”. Last week, Carney announced a “first-ever” investment summit in Toronto. …But industry groups warn this plan is impeded by the slow implementation of a red-tape review that found nearly 500 ways to streamline services.

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7 key takeaways from the Liberal government’s spring economic snapshot

By Darren Major
CBC News
April 28, 2026
Category: Business & Politics
Region: Canada

François-Philippe Champagne

Prime Minister Mark Carney and Finance Minister François-Philippe Champagne introduced their spring economic update on Tuesday. Here are some key highlights:

  • State of the federal books – a lower-than-forecasted deficit for the fiscal year that ended last month. November’s budget was projecting a deficit of $78.3 billion for the year, but Tuesday’s update says the deficit came in at $66.9 billion. The government saw a $60-billion uplift, in part due to revenue from surging oil prices. Tuesday’s outlook outlines $37.5 billion of spending on newly announced measures.
  • Emphasis on skilled trades recruitment – aiming to recruit 80,000-100,000 new skilled trade workers by the 2030-31 fiscal year. The government is pumping $6 billion over five years behind its promise to recruit, train and hire thousands of new workers. Included is an apprenticeship grant in the shape of a $400 per week income top-up to apprentices completing in-class training. There will also be a one-time bonus of $5,000 for apprentices who complete their Red Seal certification.

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CUSMA talks approach with rising uncertainty for Canada

Bloomberg Market Outlook
April 27, 2026
Category: Business & Politics
Region: Canada, United States

Wendy Wagner

Uncertainty is rising for Canadian companies as the CUSMA review approaches, with no formal negotiations underway and trade tensions continuing to escalate. A shifting U.S. stance on tariffs and trade policy is adding to concerns about how the agreement could evolve. BNN Bloomberg spoke with Wendy Wagner, head of international trade at Gowling, who says negotiations are unfolding in a more politicized environment, with sector-specific disputes and tariffs shaping the path forward. Key takeaways include:

  • The upcoming CUSMA review is taking place without formal talks, increasing uncertainty for businesses
  • Sector-specific tariffs  remain a major source of tension and economic risk
  • Protectionism is changing the nature of negotiations away from traditional free trade principles
  • Long-standing and emerging trade irritants are expected to feature prominently in discussions.
  • A trilateral approach with Mexico is seen as strategically important to balance U.S. negotiating power

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Canada won’t be ‘chasing a small deal’ to get U.S. tariff relief, Carney says

By Darren Major
CBC News
April 27, 2026
Category: Business & Politics
Region: Canada, United States

Mark Carney

Prime Minister Carney says Canada and the US could resolve the ongoing tariff dispute within “days” if the US side had the “bandwidth and the inclination to go through with it.” The US has maintained hefty import levies on a number of Canadian goods including steel, aluminum, copper, some automotive parts, lumber and other wood products. Carney said that the Canadian side is ready to work on a deal that would see some of those tariffs lifted, but he’s not interested in quickly achieving a “small deal.” …Carney suggested countries that quickly worked out some form of tariff relief with the U.S. aren’t happy with the deals they got. A number of countries such as the UK, Japan and the EU block reached agreements with the US within the last year, but those deals kept some form of tariff on imports to the US.

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PM Carney announces Canada’s first national sovereign wealth fund

By Prime Minister of Canada
Government of Canada
April 27, 2026
Category: Business & Politics
Region: Canada

Mark Carney

Prime Minister Carney announced the Canada Strong Fund – Canada’s first national sovereign wealth fund. Through an initial federal contribution of $25 billion, the Fund will strategically invest, alongside the private sector, in Canadian projects and companies driving our economic transformation. This includes projects in clean and conventional energy, critical minerals, agriculture, and infrastructure. The returns will be reinvested to grow the Canada Strong Fund, strengthening its capacity over time. As the Fund grows, it will direct capital toward investments with the highest potential return for Canada and Canadians. …The fund is intended to complement and accelerate the work of existing institutions like the Business Development Bank of Canada, and potentially the advancement of projects through the Major Projects Office. …Per Carney, “Canada is catalysing a series of nation-building projects in energy, trade, critical minerals, transport, data, and beyond – projects that will make Canada stronger, more resilient, and more independent.”

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Why Canada’s supply management system is going to disappear

By Lawrence Herman, senior fellow at the C.D. Howe Institute
The Globe and Mail
April 27, 2026
Category: Business & Politics
Region: Canada, United States

Lawrence Herman

The US has pressured Canada to scrap supply management before USMCA negotiations have even begun. Telling the Americans to go fly a kite… would mean narrow agriculture interests could imperil improvements in the entire Canada-US trading framework. But let’s assume for argument’s sake that intense pressure from the Americans results in agreeing to increased US dairy imports. …To prepare for this, these industries need to pivot. …Ironic as it seems, it’s the US softwood lumber industry that offers a model for Canadian dairy. For more than 40 years, US softwood producers have successfully used countervailing duties to fight Canadian imports. …These efforts have borne fruit, resulting in decades of countervailing duties on Canadian imports. …The trade remedy option makes eminent sense. Why? Because U.S. dairy producers are heavily subsidized and their exports would almost certainly contravene both the WTO’s Subsidies & Countervailing Measures Agreement and the USMCA itself. [to access the full story a Globe subscription is required]

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Carney stakes out position on Cowichan case after months on the sideline

By Rob Shaw
Business in Vancouver
May 4, 2026
Category: Business & Politics
Region: Canada, Canada West

Mark Carney

After months of silence, Prime Minister Mark Carney has finally waded into the landmark Cowichan Nation title case currently gripping British Columbia politics. Carney surprised many last week when he answered a question from Richmond East—Steveston MP Parm Bains in question period. “Can the prime minister outline the government’s position and explain how the government is working collaboratively to uphold reconciliation while protecting private property rights for residents and businesses?” asked Bains. “Private property rights are fundamental, and this government, indeed, this house, will always protect them,” replied Carney. “This government fundamentally disagrees with the B.C. Supreme Court’s decision on Cowichan. We immediately appealed that decision, alongside the government of B.C., the City of Richmond and other Indigenous First Nations. …Carney has now basically adopted the position of Premier David Eby, who has warned the decision cannot stand because it imperils private property rights.

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Plenty of interest in buying Crofton mill

By Robert Barron
The Cowichan Valley Citizen
May 4, 2026
Category: Business & Politics
Region: Canada, Canada West

CROFTON, BC — Numerous companies and investors have expressed an interest in purchasing the Domtar pulp mill site in Crofton since the facility shut down operations earlier this year. Domtar said in a statement that it is exploring a variety of possibilities for the future of the waterfront site, and North Cowichan Mayor Rob Douglas said a number of interested parties have contacted the municipality directly looking to buy the site for a range of potential uses, including manufacturing, energy production, and other industrial purposes. …“Domtar has retained BMO Capital Markets to evaluate potential purchase proposals and expects to make a decision regarding the site’s future in the coming months.” Douglas said that as decisions about the site’s future use will ultimately rest with Domtar or a prospective new owner, and not the municipality, he is encouraging interested parties to contact Domtar directly.

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B.C. premier pushes back after softwood lumber left off list for tariff relief

By Emily Fagan
CBC News
May 4, 2026
Category: Business & Politics
Region: Canada, Canada West

Ottawa’s decision not to include softwood lumber among the industries that will benefit from $1 billion in tariff relief funding sparked frustration from BC Premier David Eby, who said softwood lumber in the province has been “decimated” by U.S. tariffs. “I don’t know what it’s going to take, really, to get the bureaucrats and the ministers in Ottawa to recognize that softwood lumber employs more people in Canada than steel and auto parts combined,” Eby said. …”I really feel like BC’s projects are not getting the attention they deserve.” …Eby said he does not know why the industry would have been overlooked, though he hopes a separate funding announcement just for softwood lumber is in the works. …Jeff Bromley, wood council chair with the United Steelworkers, said 150,000 workers across Canada make their living off forestry. “I wish they would have included a broader program that would have helped our forestry industry,” he said.

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Conifex to curtail Mackenzie sawmill operations for seven-weeks

Conifex Timber Inc.
May 1, 2026
Category: Business & Politics
Region: Canada, Canada West

MACKENZIE, BC — Conifex will temporarily curtail sawmill operations at its Mackenzie facility for about seven weeks starting May 19, 2026, with a target restart in July 2026. This planned sawmill curtailment is primarily driven by log inventory levels and fibre availability, in conjunction with seasonal logging breakup conditions impacting supply across the BC Interior. Logging operations are expected to resume in early June, subject to, among other things, weather conditions. The curtailment represents an approximately 25 million board feet supply impact. We continue to advance initiatives underway to broaden our available financing options. …Conifex restarted the Mackenzie sawmill in February after a four-week curtailment. The restart followed the completion of a $19 million secured term loan for its subsidiary Conifex Mackenzie Forest Products. 

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The Declaration on the Rights of Indigenous Peoples Act—DRIPA and its legal consequences

By Stuart McNish
The Vancouver Sun
May 1, 2026
Category: Business & Politics
Region: Canada, Canada West

Stuart McNish & Robin Junger

Premier David Eby, in response to the December court ruling, raced to amend the DRIPA act. …The case began with a challenge to the Mineral Tenure Act, which allows mineral explorers to make a mineral claim without acquiring agreement and consent by the First Nation to the area. The case upheld the miners’ position that consent was not required during the exploration phase. It was the first challenge to DRIPA. It was immediately appealed and in December of 2025, the B.C. Court of Appeal overturned the lower court ruling, stating, “The Declaration Act gives a statutory mandate and duty to take all measures necessary to bring B.C.’s law into alignment with UNDRIP.” …Junger of McMillan LLP joined a Conversation That Matters to outline exactly what DRIPA is and the legal ramifications of amending the legislation. [24 min video

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Minister says B.C. expects billions from feds for forestry if U.S. talks fail

By Wolfgang Depner
The Canadian Press in Victoria Times Colonist
April 30, 2026
Category: Business & Politics
Region: Canada, Canada West

Ravi Parmar

VICTORIA — British Columbia’s forests minister says he expects billions in additional federal support for the timber sector if future trade talks with the United States don’t benefit the softwood lumber industry. Ravi Parmer says BC will use every opportunity to remind Ottawa that the pending renegotiation of the Canada-U.S.-Mexico-Agreement on trade, better known as CUSMA, must include forestry. If it doesn’t, he says the province expects Ottawa to double or even triple the more than $2 billion in supports it has provided the sector nationwide since last August. Parmar says federal negotiators “must recognize that if they are unsuccessful” in addressing US duties and tariffs on timber, BC will need help. …He says Ottawa has been a strong partner so far and he is optimistic that the federal government will address CUSMA in a way that includes forestry.

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B.C. premier dances rather than admitting DRIPA means co-government

By Vaughn Palmer
The Vancouver Sun
April 28, 2026
Category: Business & Politics
Region: Canada, Canada West

Vaughn Palmer

VICTORIA — Premier David Eby faced tough questions this week for abandoning his changes to the Declaration on the Rights of Indigenous Peoples Act in the face of strong opposition from First Nations. Are the New Democrats “now co-governing the province with First Nations leadership?” asked Opposition Leader Trevor Halford. Eby’s initial response was to accuse the Conservatives “of deliberately twisting this to spread fear.” But Halford pointed out that he was simply quoting Terry Teegee, BC regional chief of the Assembly of First Nations. …Teegee had said, “Ultimately First Nations have to get in the room — and to the negotiations table to make decisions on these important matters.” Halford pressed Eby a third time. …No way was Eby going acknowledge the regional chief on co-governance. …Eby’s ducking aside, it remained an open question whether the premier or the regional chief was the more reliable source of information on co-governance.

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Lloyd’s alleges arson in $31M battle over gutted B.C. sawmill

By Stefan Labbé
The Times Colonist
April 27, 2026
Category: Business & Politics
Region: Canada, Canada West

San Group companies and federal bank launch multi-pronged legal attack after insurer denies claims over major 2024 fire in Delta. …At the heart of the dispute is Lloyd’s Underwriters and its move to deny a nearly $31-million insurance claim over claims the fire was not an accident, but a deliberate act of arson carried out by the owners. In a Dec. 30, 2025, letter Lloyd’s informed the Business Development Bank of Canada (BDC) and San Group subsidiary Acorn Forest Products that it was voiding the company’s primary and excess insurance policies. According to court documents, Lloyd’s determined the fire was “caused by arson perpetrated by Acorn, alone or in collusion with others” and through the acts or under the guidance of the company’s “directing minds.” The San Group has strongly denied the allegations. Both Acorn and its parent company maintain that Lloyd’s has failed to provide proof of arson and is using the allegation to avoid a massive payout.

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Nanaimo residents split over rezoning of forest near Cedar for industry

By Hannah Link
The Times Colonist
April 28, 2026
Category: Business & Politics
Region: Canada, Canada West

A Nanaimo public hearing on a controversial rezoning application to allow for the industrial development of forested lands near Cedar is entering its third week. …The application was put forward last spring by Harmac Pacific, which operates the Nanaimo Forest Products site. The land is zoned as “rural resource,” meaning the property can’t be used for industry. The rezoning proposal includes a parkland designation for an 11.3-hectare section of “forested buffer” alongside the popular Cable Bay Trail. Paul Sadler, CEO of Harmac Pacific, said the company built the Cable Bay trail in 1990. “We’re interested in protecting it,” he said, adding that the buffer section would quadruple the size of the park area.Sadler said he feels that the public hearing process has been “hijacked” by those opposed to the rezoning… noting that any applications to use the site after it is rezoned would undergo environmental assessments and a government permit process.

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First Nations file new claims against B.C. government, cite court ruling making UNDRIP enforceable in law

By Gordon Hoekstra
The Vancouver Sun
April 23, 2026
Category: Business & Politics
Region: Canada, Canada West

David Eby

After a landmark BC Court of Appeal decision that made the UN Declaration on the Rights of Indigenous Peoples enforceable in provincial law, First Nations have launched suits using the ruling to argue against government decisions in mining, forestry and energy. In a petition filed last month, the Lower Similkameen Indian Band is seeking to quash an expansion of Hudbay Mineral’s Copper Mountain Mine, arguing a permit was granted without adequate consultation. The First Nation says the decision must be set aside and a declaration issued to ensure its constitutional rights are protected pursuant to UNDRIP and B.C.’s Declaration of the Rights of Indigenous Peoples Act. In outlining the need for deeper consultation, the First Nation cites several legal precedents including a B.C. Appeal Court decision where the Gitxaala First Nation won a ruling that found the province’s open-entry mineral claims system was inconsistent with the B.C. government’s implementation of UNDRIP. 

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Supreme Court set to weigh in on huge New Brunswick title claim

By John Chilibeck
The Telegraph-Journal
May 3, 2026
Category: Business & Politics
Region: Canada, Canada East

The clock began ticking April 7 on one of the most important Supreme Court of Canada cases in New Brunswick’s history. That’s the date the country’s top court told law firms involved in the Wolastoqey Nation’s landmark title claim it would determine if it would allow “leave for appeal.” …On one side are logging firms and other private property owners who say they’re caught in the middle of a three centuries-old fight that had nothing to do with them. The Indigenous nation wants the Supreme Court to overturn a Court of Appeal decision last December. That ruling found the nation would have no chance of success in its lawsuit proving that it has Aboriginal title over privately held lands. …By that measure, the Wolastoqey Nation could sue governments but would have no means to take back control of most of their old territory. …If the appeal goes ahead, the Supreme Court could hear the case as early as this fall.

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Innovation, growth of region’s forestry explored

By Sandi Krasowski
The Chronicle Journal
May 1, 2026
Category: Business & Politics
Region: Canada, Canada East

The Northwestern Ontario Municipal Association (NOMA) 2026 conference and annual general meeting, served as a platform for the Thunder Bay Community Economic Development Commission (CEDC) Building Resiliency: The Future of Northwestern Ontario’s Forest panel discussion. Moderated by Jamie Taylor, of the CEDC, and Scott Jackson, for the Centre for Research and Innovation in the Bio-Economy (CRIBE), the panel explored the future of Northwestern Ontario’s forest sector. …Taylor called the forest sector a longtime cornerstone of Northwestern Ontario’s economy, and the panel conversation aimed to look ahead to what comes next in a changing economic landscape, which includes U.S.-imposed tariffs. …Taylor noted that building resilience requires ongoing innovation and a proactive approach to global competitiveness. …Jackson said “A successful transition isn’t just about developing novel and innovative products; it’s also about ensuring we have strong anchor mills and a solid foundation that we can build upon.

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Ford government pitches new strategy to protect, diversify Ontario forest sector

Northern Ontario Business
April 29, 2026
Category: Business & Politics
Region: Canada, Canada East

Doug Ford & Ian Dunn

The Ford government is taking “swift, strategic and decisive action” with a new strategy to protect Ontario’s staggering forest products industry. Associate Minister of Forestry and Forest Products Kevin Holland provided those remarks in introducing the province’s new Roadmap to Protecting the Forest Sector, in Toronto, April 28. …It’s a 10-year plan geared to give the sector a competitive edge and position the Ontario sector as a G7 leader in manufacturing and export wood products. Natural Resources Minister Mike Harris summarized the three-pillared plan as protecting forestry-related jobs and business, identifying new global markets, and growing the demand for wood products at home. …Since 2020, Holland said, the province has spent more than $350 million on forest sector innovation. Expect to see more “exciting” funding opportunities in the months ahead, he said. Holland said the road map is a step-by-step plan to promote forest products at home and aboard while building up the industry’s workforce. 

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Toilet paper isn’t going digital: Thunder Bay pulp mill CEO ‘very optimistic’

By Matt Prokopchuk
Timmins Today
April 27, 2026
Category: Business & Politics
Region: Canada, Canada East

The head of Thunder Bay’s pulp mill says he feels the local operation is well-positioned, given current market demands. Thunder Bay Pulp and Paper now only produces softwood kraft pulp on a single line at its Neebing Avenue facility and generates renewable energy for sale to the Ontario power grid after axing its newsprint division earlier this year. Despite that, CEO Norm Bush said there’s a significant demand for what they’re still producing. “Fortunately, the pulp sector that we are participating in now, and particularly the grades that we’re supporting, is actually growing,” he said at the Northwestern Ontario Municipal Association conference on the future of the region’s forestry sector. …“We’re not subject to electronic substitution in toilet paper and paper towel, so that market is pretty protected and, because of our proximity to those markets, it’s a barrier for other pulp producers to come and make a profit in our market segment.”

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Quebec premier meets U.S. Trade Representative Jamieson Greer in Washington D.C.

By Patrice Bergeron
The Canadian Press in Global News
April 27, 2026
Category: Business & Politics
Region: Canada, Canada East

Christine Fréchette

Quebec’s premier met on Monday in Washington D.C. with Jamieson Greer, the top trade negotiator for President Donald Trump, as the U.S. becomes more aggressive in its demands toward Canada ahead of negotiations on the continental free-trade deal. Greer has promised to pursue the president’s hardline trade policies. Premier Christine Fréchette’s said their discussions were cordial but did not lead to any major breakthroughs. Fréchette travelled to Washington for her first official foreign trip since she was sworn in as premier earlier this month. She held a roundtable discussion Monday morning with representatives of business associations including the National Lumber and Building Material Dealers Association and General Motors. And she was also scheduled to meet with congressional representatives. The United States is Quebec’s main trading partner, but since March 2025 U.S. tariffs have hit several of the province’s industrial sectors hard.

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Quebec’s South Shore Furniture closing as sales dwindle amid Trump tariffs

By Alessia Simona Maratta
Global News
April 27, 2026
Category: Business & Politics
Region: Canada, Canada East

Quebec’s South Shore Furniture said it will end all operations after a 77% drop in sales between 2022 and 2025. The family-owned company says its facilities in Sainte-Croix and Coaticook will gradually cease operations in the coming weeks. Its 126 employees were informed of the decision Monday. …Charles Laflamme said the company made every effort to maintain operations and jobs but could no longer continue in a market “where the rules of the World Trade Organization are not respected.” The company points to years of heavy dumping of furniture from China and Vietnam into Canadian and US markets, which it says drove down prices. He added that recent US tariffs on certain Asian countries redirected more of those products into Canada, while tariffs affecting Canada slowed exports south of the border, effectively erasing demand on both sides. …The company was one of the last major Canadian furniture manufacturers assembling products domestically.

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U.S. Endowment for Forestry and Communities Releases 2025 Annual Report

By Pete Madden
EIN Presswire in the Indy Star
April 29, 2026
Category: Business & Politics
Region: United States

GREENVILLE, South Carolina — The US Endowment for Forestry and Communities released its 2025 Annual Report. …In 2025, the Endowment awarded $33.9 million through 112 awards across 31 states. The report showcases the Endowment’s work to strengthen forest product markets, support working forests and help forest-reliant communities navigate economic change and opportunity. “Our most important responsibility—and the key to revitalizing our industry—is to drive greater demand for wood products,” said Pete Madden, CEO. “Our 2025 Annual Report reflects the breadth and depth of opportunities within the forest products space and how we’re working to create awareness of and demand for a broad array of wood products and wood fiber.” …Highlights include: Expanding investment in forest product markets… Supporting wood manufacturers and market development… Building a national forest carbon data platform… Advancing locally led rural development… Convening leaders for forest sector investment… [and] Creating new uses for low-value wood.

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U.S. Lumber Coalition Calls on Canada to Address its Market-Disrupting and Unsustainable Excess Lumber Capacity Problem

The US Lumber Coalition
April 29, 2026
Category: Business & Politics
Region: United States

WASHINGTON — As Canada doubles down on its well-documented unfair trade practices in the softwood lumber sector by pushing out billions of dollars in new subsidy schemes aimed at undermining President Trump’s policy initiatives to further grow the American forestry sector, the US Lumber Coalition is calling on Canada to instead focus on addressing the problem of its massive, unsustainable, and market-disrupting excess lumber capacity. …”The US Lumber Coalition is pleased to see that Canada, much like the United States, uses its antidumping and countervailing duty laws to address the exact same trade problem that the United States faces as a result of Canada’s well-documented unfair trade practices in softwood lumber. This is a step in the right direction to Canada admitting the legality and purpose of trade law enforcement against unfair trade practices, rather than complaining about being subject to US. trade laws.

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Boise Cascade Pleads Guilty and Is Sentenced for Violating the Lacey Act for Its Role in a Timber Trafficking Scheme

The US Department of Justice
April 27, 2026
Category: Business & Politics
Region: United States

The Boise Cascade Company pleaded guilty and was sentenced today for a felony violation of the Lacey Act for its role in a timber trafficking scheme to evade countervailing and anti-dumping duties. Boise Cascade was sentenced to pay a fine of $6,382,000, representing twice the gross profits it derived from the illegal wood at issue in this case, and implement a compliance plan. Boise Cascade is the third federal criminal enforcement action to come out of this large-scale duty evasion scheme. …“Boise Cascade either knew about or was willfully blind to the illegal importation of the plywood they were purchasing from Horizon Plywood,” said Principal Deputy Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD). “This scheme defrauded taxpayers of import duties and undercut law-abiding competitors by importing and selling between $25 million and $65 million worth of plywood products.”

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EU majority resists French call to overhaul US trade deal

By Carlo Martuscelli and Koen Verhelst
Politico EU
April 22, 2026
Category: Business & Politics
Region: United States, International

BRUSSELS — A French push to add safeguards to last year’s EU-US trade deal has hit resistance from a German-led majority of member countries determined to preserve the original agreement. That means the Council of the EU will likely take an unchanged position into talks on May 6 with the European Parliament, which wants to attach a series of conditions. Ambassadors representing the EU’s 27 member countries met to review a first round of inter-institutional negotiations to hash out a compromise that can finally take effect. The call by France to revise enabling legislation — which envisages that the EU would scrap tariffs on US industrial goods — has failed to attract significant support. The European Parliament, like France, wants to add tweaks to the deal to take into account global developments. …The changed situation includes Trump’s threats to annex Greenland, as well as a Supreme Court decision that struck down his original tariffs.

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The Plywood Smuggling Ring That Ensnared a Building-Products Giant

By Ryan Dezember
Wall Street Journal
April 28, 2026
Category: Business & Politics
Region: United States, US West

Days after federal agents raided a South Florida wood importer’s warehouse and seized stacks of Chinese-made birch plywood, an order for another load of the illegal panels arrived. The 2021 raid touched off a scramble from Miami to Qingdao, China. The couple who owned the importer, Horizon Plywood, fled the US. But word was slow to reach Boise Cascade’s branch in Pompano Beach, Florida. …The smuggling and ensuing investigation trapped Boise in a global web that spanned China, Florida, Panama and Montenegro. And while Boise didn’t make or import the plywood, prosecutors maintain the company must have known it had been smuggled into the US given how cheap Horizon was selling it compared with competitors. …Boise pleaded guilty Monday to a federal felony charge related to its role in the case and agreed to pay a fine of $6.4 million, or twice the profit it reaped. [to access the full story a WSJ subscription is required]

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Rep. Pavlov, local leaders welcome governor Whitmer to Legacy Paper re-opening in Port Huron

By Joseph Pavlov
Michigan House Republicans
April 28, 2026
Category: Business & Politics
Region: United States, US East

State Rep. Joseph Pavlov recently joined local leaders and community members in welcoming Governor Gretchen Whitmer to the grand re-opening of Legacy Paper in Port Huron, a major step forward for job creation and economic growth in St. Clair County. The event marked the restart of the former Domtar paper mill, now operating under Legacy Paper. The reopening is part of a broader effort to strengthen economic development in the region and bring new opportunities to local families. “This is a big win for Port Huron and all of St. Clair County,” said Pavlov (R-Smiths Creek). “We’re seeing a long-standing facility come back to life, creating good-paying jobs and giving our local economy a real boost.” The project represents an investment of approximately $24.5 million and is expected to create more than 80 good-paying jobs for Port Huron, further reinforcing the area’s manufacturing base. [END]

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Davis Timber Company Expands in Beauregard Parish, Louisiana

Trade & Industry Development
April 28, 2026
Category: Business & Politics
Region: United States, US East

LOUISIANA — Davis Timber Company, Inc. announced it will invest $1.9 million to expand its Beauregard Parish operations with new production capabilities that will enhance efficiency and strengthen Louisiana’s timber industry. The company is expected to create 12 direct new jobs while retaining 11 current positions. Louisiana Economic Development estimates the project will result in an additional nine indirect new jobs, for a total of 21 potential new job opportunities in the Southwest Region. …Davis Timber Company’s expansion will take place at its production facility within the Beauregard Regional Airport Industrial Complex in DeRidder, where the company produces poles and pilings used in utility and infrastructure applications. The project will add new processing capabilities to the existing operation, improving efficiency and enhancing product readiness for market.

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Mondi opens new paper bags plant in Pittsburgh

Mondi plc
April 22, 2026
Category: Business & Politics
Region: United States, US East

PITTSBURGH — Mondi has officially opened its new packaging production facility in Pittsburgh, Pennsylvania, further expanding its manufacturing capabilities in the United States to better support customers with reliable, high-quality paper based packaging solutions across key end markets. The new state‑of‑the‑art plant produces a wide range of paper bags for customers in the eCommerce, food, feed, building materials and chemicals sectors. The facility brings together production previously located at Mondi’s Wellsburg, West Virginia and Oakdale, Pennsylvania sites, while adding advanced, highly automated technology to enhance efficiency, quality and customer service. The Pittsburgh plant significantly expands Mondi’s production capacity in the US. …After completing the ramp up phase, the plant is expected to reach an annual capacity of 300 million paper bags. By the end of this year, approximately 170 people are expected to work at the site.

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No two risks alike as forestry insurance grows more complex

By Bryony Garlick
Insurance Business UK
April 29, 2026
Category: Business & Politics
Region: International

UK — Forestry has long sat at the margins of the insurance market, often folded into broader property portfolios and lightly scrutinised. That position is becoming harder to sustain. The class now requires a level of focus and expertise the market has not always applied, said Daniel Longden, head of forestry at Orvia Underwriting. The sector differs from traditional property risks in one fundamental way: it is constantly changing. Trees grow, are harvested and replanted, altering the risk profile year by year. That dynamic sits alongside an exposure to catastrophe events that can erase entire areas in a single incident. …This variability complicates underwriting and limits the development of standardised data sets, helping explain why the class has remained relatively niche despite growing investor interest. …Where underwriters once relied heavily on historical loss data and third-party reporting, satellite technology now offers a more direct view of exposure.

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New Zealand and India Conclude Free Trade Agreement

By Foreign Affairs and Trade
Government of New Zealand
April 27, 2026
Category: Business & Politics
Region: International

India is a strategic priority for New Zealand because of its growing global influence, economic scale, and regional importance. This is why New Zealand is building a broad, deep, and enduring strategic relationship with India. By 2030, India’s GDP is expected to reach around NZ$12 trillion, making it one of the world’s largest economies. India’s rapidly growing middle class is projected to soon reach 715 million – those consumers alone will be a larger market for New Zealand than the European Union or ASEAN. …The impact and value of the NZ-India FTA will grow over time – delivering greater market access through streamlined border processes and phased tariff cuts. …On forestry and timber – a major export to India – over 95% of our exports become tariff-free immediately at entry into force. Almost all other exports benefit from tariff elimination over seven years, providing a valuable market option for wood exporters.

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Finance & Economics

Falling consumer confidence and a softer housing outlook signal weaker lumber demand, but tight supply should keep prices firm

By Kevin Mason, Managing Director
ERA Forest Products Research
May 4, 2026
Category: Finance & Economics
Region: Canada, United States

Kevin Mason

As the US–Iran conflict rumbles into a third month and the global economy faces myriad challenges (rising energy prices, slowing growth, swelling inflation, geopolitical fragmentation, etc.), it comes as little surprise that US consumer sentiment is also in freefall. The latest University of Michigan survey showed consumer sentiment plummeting toward record-low levels in April: down 3.5 points to 49.8. …Closer to our forest products universe, the National Association of Homebuilders/Wells Fargo Housing Market Index (HMI), a metric that tracks homebuilder confidence in the single-family housing market, declined by 4 points to a reading of just 34 in April. Builder confidence had shown signs of recovery through the second half of 2025; however, with this latest sharp decline, the index is nudging back toward record lows. 

…Based on the resilience shown in the US housing market last month, we are maintaining our full year 2026 U.S. housing start forecast of 1.325MM units. With our revised forecast for 2026 and given expectations for lumber demand from R&R to be flat (at best) this year, we now anticipate that overall North American lumber demand will decline by 350MMbf y/y in 2026 (we had previously forecast flat demand versus 2025). However, despite this deterioration, we believe North American markets will remain well balanced, and that overall lumber prices will stay quite strong this year relative to historical averages given declining supply in several regions (note that profitability for Canadian mills will be challenged by ongoing, elevated duties and tariffs).

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Atlas Engineered Wood Products reports Q4, 2025 net loss of $0.69M

Atlas Engineered Products
April 30, 2026
Category: Finance & Economics
Region: Canada

Nanaimo, BC — Atlas Engineered Products announced its financial and operating results for the fourth quarter and year ended December 31, 2025. …Revenue was $17,645,972 compared to revenue of $15,069,615 for the three months ended December 31, 2024, representing a 17% increase. Revenue has increased due to acquisitive growth for the quarter. …Net loss after taxes was $686,098 for the three months ended December 31, 2025 compared to net loss after taxes of $838,728 for the three months ended December 31, 2024. This improvement in net loss after taxes was mainly due to increased revenues, but offset by a reduction in gross margins. …AEP is nearing completion of the first truss robotic facility in Clinton, ON. The building is in the final stages of interior painting and office setup while the equipment has been shipped and is anticipated to be operational at the beginning of July 2026.

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Bank of Canada holds interest rate for fourth time but warns on oil shock, trade risks

By Paula Tran
The Financial Post
April 29, 2026
Category: Finance & Economics
Region: Canada

The Bank of Canada held its policy interest rate at 2.25 per cent for the fourth consecutive time on Wednesday, but warned that it would be closely watching the impact of rising oil prices on inflation in the coming months amid ongoing uncertainty caused by the war in Iran. …Inflation has been close to two per cent for over a year but rose to 2.4 per cent in March after slowing to 1.8 per cent in February. The central bank base case forecast is that inflation will peak in April at about three per cent before returning to the two per cent target in early 2027, but that is assuming global oil prices decline. U.S. tariff measures along with the uncertainty surrounding the Canada-United-States-Mexico Agreement (CUSMA) have also added to the uncertainty ahead of the July 1 CUSMA review deadline, especially since the Canadian government has not yet launched formal discussions with U.S. officials.

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West Fraser reports Q1, 2026 net loss of $188 million

West Fraser Timber Co. Ltd.
April 29, 2026
Category: Finance & Economics
Region: Canada, United States, International

VANCOUVER, BC — West Fraser Timber reported the first quarter results of 2026. First quarter sales were $1.334 billion, compared to $1.165 billion in the fourth quarter of 2025. First quarter earnings were $(188) million, compared to earnings of $(751) million in the fourth quarter of 2025. First quarter Adjusted EBITDA was $(66) million compared to $(79) million in the fourth quarter of 2025. Included in first quarter Adjusted EBITDA in the Lumber segment is ($114) million of duty adjustments related to prior periods compared to nil in the fourth quarter of 2025. …North America Engineered Wood Products segment Adjusted EBITDA of $11 million, and Europe Engineered Wood Products segment Adjusted EBITDA of $10 million. …Sean McLaren, West Fraser’s President and CEO said “Excluding the impact of prior year duty adjustments, we were pleased to see all of our core segments – lumber, NA EWP, and Europe EWP – report positive Adjusted EBITDA.” 

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Lumber Futures Hit 7-week Low

Trading Economics
April 28, 2026
Category: Finance & Economics
Region: Canada, United States

Lumber futures fell to $566 per thousand board feet, the lowest in seven weeks, as broader uncertainty and ongoing trade tensions weigh on sentiment. The US has recently outlined preliminary antidumping and countervailing duties on Canadian softwood lumber, with the antidumping rate reduced from 20.6% to 10.7% and the countervailing duty trimmed from 14.6% to 14.2%, lowering the combined rate to about 25.9%. Including an existing 10% Section 232 tariff, total effective duties on Canadian imports are expected to remain near 35.9% once they take effect in August. Despite these measures aimed at supporting domestic producers, US sawmill utilization remains relatively weak at around 64%, with capacity use trending lower since 2017, pointing to limited supply response. At the same time, elevated construction costs and high interest rates are continuing to pressure housing activity, with US builder confidence slipping to its lowest level since September 2025. [END]

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Global Consulting Alliance: Forest Sector Outlook Report Q1, 2026

Russ Taylor Global
April 27, 2026
Category: Finance & Economics
Region: Canada, United States, International

RUSS TAYLOR provided the latest quarterly report from the Global Consulting Alliance featuring commentary from six independent consulting companies that focus on the international forestry and wood products sectors. Highlights include:

  • The global forestry sector in Q1 2026 showed early signs of stabilization, although overall activity remained subdued due to weak construction demand in key markets such as the US and the Eurozone.
  • Timber markets remained soft, with only partial price recovery. Export conditions were mixed, reflecting fluctuating demand from China and a gradual shift in trade flows toward alternative markets.
  • The pulp segment showed improvement, supported by stronger packaging demand and supply-side adjustments. In contrast, paper markets, particularly graphic grades, continued to face structural decline.
  • Rising energy and input costs, combined with ongoing macroeconomic uncertainty, placed pressure on margins and contributed to a cautious sector outlook.

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Canadian Home Builders’ Association reports near record-low builder confidence in housing market

The Daily Commercial News
April 27, 2026
Category: Finance & Economics
Region: Canada

OTTAWA – From coast-to-coast builder confidence is on the decline, the Canadian Home Builders’ Association (CHBA)’s recently released Q1 2026 Housing Market Index (HMI) shows. …The CHBA’s HMI is an analysis of homebuilder sentiment and is an indicator about the current and future health of the residential construction industry in Canada with respect to housing units for ownership (freehold or condominium). According to a release, the 2026 Q1 single-family index fell 5.5 points to 20.9, which is just 1.3 points above the all-time record low. The multi-family index reached a third consecutive new record low and now sits at 13.4. In March, CMHC data indicated units slated for rental markets represented 56 per cent of all urban starts. Given affordability challenges in recent years, there has been a drastic shift to rental starts. In 2021, about 70 per cent of housing starts were for ownership; that number is now below 50 per cent.

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Montreal Wood Convention Highlights: Oil Shock, Housing, and Trade Uncertainty

By Jennifer Ellson
Madison’s Lumber Reporter
May 1, 2026
Category: Finance & Economics
Region: Canada, Canada East

A panel of industry leaders at the recent Montréal Wood Convention examined key market drivers, including U.S. housing starts, mass timber growth, the repair and remodelling (R&R) segment, and ongoing trade uncertainty. Moderated by Mark Allison of Boscus Canada, the discussion featured Thomas Mende of Binderholz, Doug Robinson of Weston Forest, and Frédéric Verreault of Nordic Structures and Chantier Chibougamau. On the outlook for U.S. housing, panellists pointed to relatively flat activity in the near term. Robinson said current projections appear reasonable in the absence of further geopolitical disruption, while Mende said recent global tensions have already slowed momentum. Affordability remains a central issue, influencing both demand and how homes are built. Robinson said cost pressures, along with demographic shifts such as an aging population, are contributing to smaller homes and changing design preferences. …The panel also discussed recent policy measures in Ontario aimed at improving housing affordability. 

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Powell’s Chair Ends but He Keeps His Board Seat

By Robert Dietz, Chief Economist
NAHB Eye on Housing
April 29, 2026
Category: Finance & Economics
Region: United States

The April meeting of the Fed’s monetary policy committee featured a lot of institutional news for a month in which the Fed kept monetary policy unchanged. The outlook for the economy and monetary policy remains unclear due to geopolitical turbulence and domestic policy uncertainty. This headline risk is delaying additional Fed monetary policy easing, likely until the end of 2026 or possibly into 2027. The Fed continued its current pause for rate reductions at the conclusion of the April meeting of the Federal Open Market Committee (FOMC), the central bank’s monetary policy decision making body. The FOMC held the short-term federal funds rate at a top rate of 3.75%, the level set in December of last year. This marked the third policy pause since the Fed resumed easing in September of 2025. The Fed’s statement of current economic conditions and policy stance was relatively unchanged from March to April.

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Fed Changes Leadership, but Powell Stays On Board

The National Association of Home Builders
April 30, 2026
Category: Finance & Economics
Region: United States

Following the April meeting of the Federal Open Market Committee (FOMC), the Federal Reserve opted to maintain its current stance, leaving interest rates unchanged. The target for the federal funds rate remains at a top level of 3.75%, where it has stood since December. This meeting may represent the final policy decision led by Jerome Powell in his role as Chair of the Fed’s Board of Governors, bringing his eight-year tenure in that position to a close. President Trump’s nominee, former Fed Governor Kevin Warsh, is widely expected to secure Senate confirmation and take over in time for the next FOMC gathering. However, Powell plans to continue serving as a member of the Board of Governors after relinquishing the Chair position. …Powell has said he will remain as a Governor as long as the Justice Department’s probe into the cost of the renovations to the Fed’s headquarters remains active.

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US single-family housing starts jump to 13-month high in March

Reuters
April 29, 2026
Category: Finance & Economics
Region: United States

WASHINGTON — US single-family homebuilding increased to a 13-month high in March, but the improvement was likely a blip as permits for future construction fell sharply and confidence among builders remained subdued. Single-family housing starts, ​which account for the bulk of homebuilding, surged 9.7% to a seasonally adjusted annual rate ‌of 1.032 million units, the highest level since February 2025, the Commerce Department’s Census Bureau said on Wednesday. Single-family housing starts increased to a pace of 941,000 units in February from 898,000 units in January. They rose 8.9% year-on-year in March. Permits ​for future construction of single-family homes decreased 3.8% last month to a rate of 895,000 units. ​They had increased to a pace of 930,000 units in February from 876,000 units ⁠in January. Single-family building permits dropped 7.9% year-on-year in March. …Overall housing ​starts vaulted 10.8% to ⁠a pace of 1.502 million units. They increased 10.8% year-on-year in March.

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US consumer confidence unexpectedly improves, but higher gasoline prices still a worry

By Lucia Mutikani
Reuters
April 28, 2026
Category: Finance & Economics
Region: United States

WASHINGTON — U.S. consumer confidence unexpectedly edged higher in April amid a rally in share prices following a ceasefire in the war with Iran and improved perceptions of the labor market, helping ​to ease households’ financial worries for now. Despite the rise in confidence to a four-month high, the survey from the Conference Board on Tuesday showed higher gasoline prices ‌stemming from the conflict with Iran remained a source of concern for consumers. Fewer planned vacations over the next six months and the share of those intending to drive to their holiday destinations was the lowest since April 2020. …The Conference Board said its consumer confidence index climbed 0.6 point to 92.8 this month. Economists had forecast the index easing to ​89.0. It was in stark contrast with the University of Michigan’s Surveys of Consumers, which last week showed its Consumer Sentiment Index slumping to a record low in April.

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Kimberly-Clark Announces reports Q1, 2026 net profit of $753M

Kimberly-Clark Corporation
April 28, 2026
Category: Finance & Economics
Region: United States

DALLAS — Kimberly-Clark reported first quarter 2026 results. Highlights include: Net sales of $4.2 billion increased 2.7 percent, as organic sales growth of 2.5 percent and favorable currency impacts of 2.0 percent were partially offset by a 1.8 percent decline from the exit of the company’s private label diaper business in the US. …First quarter operating profit was $753 million compared to $631 million in the prior year. Current quarter results included a $120 million benefit related to the settlement of insurance claims from a previous acquisition, and $99 million of charges related to the 2024 Transformation Initiative and Kenvue acquisition. 

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NAHB Applauds Lawmakers’ Push to Remove Harmful Mandate from Major Housing Package

The National Association of Home Builders
April 23, 2026
Category: Finance & Economics
Region: United States

In a letter signed by 76 representatives, the Real Estate Caucus and the Build America Caucus called on House Speaker Mike Johnson and Minority Leader Hakeem Jeffries to remove harmful provisions in the Senate-passed 21st Century ROAD to Housing Act that mandate the forced sale of single-family build-to-rent (BTR) housing.  The letter stated that Section 901 of the Senate bill, as drafted, “would have far reaching and unintended consequences that run counter to the bill’s stated goal of expanding housing opportunity.” The 76 lawmakers further warned that the Section 901 language would exacerbate the housing affordability crisis by severely curtailing the production of BTR housing nationwide. …NAHB estimates that single-family housing starts may drop by 40,000 units per year as a result of this mandate. Moreover, the Urban Institute says this provision targeting BTR owners could  “decrease the number of rental units built each year by at least 72,000.”

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Boise Cascade reports Q1, 2026 net income of $17.8 million

By Boise Cascade Company
Businesswire
May 4, 2026
Category: Finance & Economics
Region: United States, US West

BOISE, Idaho — Boise Cascade reported net income of $17.8 million on sales of $1.5 billion for the first quarter ended March 31, 2026, compared with net income of $40.3 million on sales of $1.5 billion for the first quarter ended March 31, 2025. …Building Materials Distribution (BMD) sales decreased $18.2 million, or 1%, to $1,388.9 million, from $1,407.1 million for the three months ended March 31, 2025. The decrease in sales was driven by net sales price decreases of 3%, offset partially by net sales volume increases of 2%. BMD segment income decreased $15.5 million to $32.9 million, from $48.4 million for the three months ended March 31, 2025. …Wood Products’ sales, including sales to BMD, decreased $17.6 million, or 4%, to $398.2 million for the three months ended March 31, 2026, from $415.8 million for the three months ended March 31, 2025. Wood Products’ segment income decreased $9.2 million to $8.5 million, from $17.7 million for the three months ended March 31, 2025.

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Weyerhaeuser reports Q1, 2026 net earnings of $156 million

Weyerhaeuser Company
April 30, 2026
Category: Finance & Economics
Region: United States, US West

SEATTLE — Weyerhaeuser Company reported first quarter net earnings of $156 million on net sales of $1.7 billion. This compares with net earnings of $83 million on net sales of $1.8 billion for the same period last year and net earnings of $74 million for fourth quarter 2025. Excluding an after-tax benefit of $79 million for special items, the company reported first quarter net earnings of $77 million. This compares with a net loss before special items of $67 million for fourth quarter 2025. Adjusted EBITDA for first quarter 2026 was $308 million, compared with $328 million for the same period last year and $140 million for fourth quarter 2025. …Weyerhaeuser anticipates second quarter earnings before special items and Adjusted EBITDA will be comparable to the first quarter.

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International Paper reports Q1, 2026 net earnings of $60 million

By International Paper
PRNewswire
April 30, 2026
Category: Finance & Economics
Region: United States, US East

MEMPHIS, Tennessee — International Paper announced results for the quarter ended March 31, 2026. Highlights include: Net sales of $5.97 billion Earnings from continuing operations of $76 million Adjusted EBITDA (non-GAAP) from continuing operations of $677 million Received $1.1 billion of net proceeds from the sale of the Global Cellulose Fibers business and paid down $660 million of debt. …International Paper Chairman and CEO Andy Silvernail said “We still have work to do to improve consistency and reliability, but the primary pressures this quarter came from a tougher macro environment, including ongoing inflation and the severe winter storm.” “Looking ahead,” Silvernail added, “We’re updating our outlook to reflect the volatile environment, with a strong focus on managing cost and cash flow.”

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Suzano reports Q1, 2026 net income Brazil Real (BRL) 4.3B

By Suzano
Business Wire
April 29, 2026
Category: Finance & Economics
Region: International

SÃO PAULO, Brazil — Suzano announced its results for the first quarter of 2026. In the first quarter, Suzano sold a total of 3.2 million tonnes, comprising 2.8 million tonnes of pulp and 378 thousand tonnes of paper. Net revenue amounted to BRL 11.0 billion, while adjusted EBITDA reached BRL 4.6 billion. Net income totaled BRL 4.3 billion in 1Q26. …Over the 12‑month period from April 2025 to March 2026, the company sold 12.7 million tonnes of pulp, the highest volume ever recorded in its history. During the same period, Suzano also sold 1.7 million tonnes of paper across the packaging, printing and writing, specialty, and tissue segments. This unprecedented sales level mainly reflects the increase in production capacity following the start‑up of the Ribas do Rio Pardo pulp mill.

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Metsä Group’s Q1 loss deepens to Euro 4 million as muted pulp demand and US tariffs bite

Lesprom Network
April 29, 2026
Category: Finance & Economics
Region: International

Metsä Group reported a comparable operating result of Euro 4 million for the Q1 2026, compared to Euro 81 million in the same period last year, due to muted demand for market pulp in Europe and China, lower delivery volumes, and the negative impact of US import tariffs. Sales decreased to Euro 1,358 million from Euro 1,642 million a year earlier. The comparable EBITDA was Euro 128 million, down from Euro 197 million. The operating result (IFRS) was Euro 18 million, compared to Euro 51 million in the Q1 2025. The Pulp and Sawn Timber Industry segment reported a comparable operating result of Euro 12 million, compared to Euro 38 million a year earlier.  The Paperboard Industry segment reported a comparable operating result of Euro 11 million… and The Wood Products Industry segment reported a comparable operating result of Euro 7 million.

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Wood, Paper & Green Building

Postmedia to print most New Brunswick newspapers out of province

By Shane Magee
CBC News
April 29, 2026
Category: Wood, Paper & Green Building
Region: Canada, Canada East

NEW BRUNSWICK — Postmedia plans to stop printing most New Brunswick newspapers in Moncton. Postmedia publishes the Times & Transcript, Telegraph-Journal, Daily Gleaner and other local newspapers. They are printed and distributed from a building along Main Street in downtown Moncton. Dave Arsenault, president of the New Brunswick Media Guild, confirmed that print and distribution will cease in Moncton and be moved elsewhere. …”Following an assessment of printing and insert packaging operations, it was determined that outsourcing these operations from Postmedia’s Moncton facility would allow us to continue serving print subscribers and advertisers while supporting long-term financial sustainability,” the company said Wednesday. The printing will be outsourced out of province starting Aug. 2. Postmedia bought most of New Brunswick’s English-language newspapers from Irving-owned Brunswick News in 2022.

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Japanese Firms to Frame 6% of US Homes After Sumitomo Forestry’s $4.5B Deal

By Jason Ross
Wood Central
April 30, 2026
Category: Wood, Paper & Green Building
Region: United States, International

Sumitomo Forestry’s $4.5 billion Tri Pointe buyout was approved with more than 99% support, taking the combined Japanese-owned share of US single-family home construction from just 0.2 per cent in 2015 to close to 6 per cent in 2026. Sumitomo Forestry’s buyout of Tri Pointe Homes, one of California’s largest builders, was approved at a special meeting in Irvine, California, earlier this month, with the deal set to be completed by mid-year. The Tri Pointe transaction, first announced in February, is the largest US homebuilder acquisition by a Japanese forest-based conglomerate in history, and follows the same playbook Sumitomo has already run across Australia, where Japanese conglomerates wholly or partly own just under 30 per cent of the country’s top 20 housebuilders. …Tri Pointe gives the Tokyo-listed parent access to California and Nevada, the two major US growth states where Sumitomo… had no meaningful presence. 

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United States’ efforts to combat illegal cross-border trade of timber and wood products

By Adam Gustafson, Principle Deputy Attorney General
US Dept of Justice’s Environment and Natural Resources Division
April 24, 2026
Category: Wood, Paper & Green Building
Region: United States

Adam Gustafson

Presentation to the Timber Interdiction Membership Board and Encorement Recourses Working Group. …The US Dept of Justice’s Environment and Natural Resources Division continues to uphold its long-standing commitment to enforcing the nation’s environmental laws and defending the responsible use of her natural resources. Today’s event is designed to provide an overview of what the federal government is doing to combat one of the most pervasive and lucrative forms of transnational crime. …The US was the first country to criminalize the transnational trafficking of plants and plant products, including timber, when the Lacey Act was amended in 2008. …Since 2008, we have seen other countries follow our lead. This includes Australia, the European Union, Japan, and the United Kingdom among others. …The only way we can end the illegal timber trade is to cut off the demand for illegal wood products. This is done through effective and collaborative enforcement efforts.

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Forestry

Industry partners boost University of Alberta forestry programs through new $6.5M research chair

By Bev Betkowski
University of Alberta News
April 28, 2026
Category: Forestry
Region: Canada, Canada West

Forestry programs at the University of Alberta will be strengthened through the integration of Indigenous perspectives with the establishment of a new $6.5-million research chair. The Endowed Chair in Indigenous Forestry in the Faculty of Agricultural, Life & Environmental Sciences will support experiential learning, Indigenous-led courses and collaborations with communities, academics and industry. $526,065 will be used to establish an accelerator fund through which a community engagement and research co-ordinator will be hired to support the chair’s community and student engagement activities. The endowment supporting the chair is funded through the Forest Resource Improvement Program with sponsorship from Canfor, West Fraser and Weyerhaeuser. …The chair will lead a research program exploring relationships between Indigenous knowledge systems and western forestry practices, and will serve as a mentor to the next generation of Indigenous and non-Indigenous foresters.

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First Nation sues B.C for approving logging on land slated for conservation

By Stefan Labbé
Business in Vancouver
April 27, 2026
Category: Forestry
Region: Canada, Canada West

A BC First Nation has mounted a legal challenge against the Ministry of Forests after one of its officials approved a timber-cutting permit in forests that overlap with a proposed Indigenous conservation area. In an April 21 application, the Kanaka Bar Indian Band claims a district manager approved cutting permits for Interwest Timber to harvest roughly 35 hectares across four cut blocks. …One of 15 communities of the Nlaka’pamux Nation, most of the Kanaka Bar people live in several reserves south of Lytton, BC. Their traditional territory spans 32,000 hectares of rugged terrain in the Fraser River Canyon. While Interwest has held a forest licence in the area since 1998, the band has intentionally limited industrial activity. In 2021, leadership declined a logging company’s request for access, choosing instead to pursue an Indigenous Protected and Conserved Area… with the goal of turning the entire forested area into a conservation area similar to the neighbouring Stein Valley.

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BC ‘Going Backwards’ on Ecosystem Protections

By Sarah Cox
The Tyee
April 27, 2026
Category: Forestry
Region: Canada, Canada West

Last Wednesday, BC Premier David Eby released a statement celebrating B.C.’s wild places and passion for protecting the environment… commemorating Earth Day. …The problem? Conservation advocates, the BC Greens and a former BC Liberal cabinet minister who led a government biodiversity review said Eby’s claim about strengthening ecosystem protections largely isn’t true. Ken Wu, of the Endangered Ecosystems Alliance, said that after a promising start under Eby, BC has “stalled and started going backwards” when it comes to protecting ecosystems such as old-growth forests. …Former BC Liberal MLA Mike Morris, said he gives the Eby government “a failing grade” on strengthening ecosystem protections. …BC Green Party MLA Jeremy Valeriote said he hasn’t seen any evidence the government is strengthening ecosystem protections. …“With a huge deficit, and a premier taking it on the nose from the Conservatives on economic development, there’s a lot of focus on Look West,” he said.

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Sustainable forestry would support industry, jobs and ecosystems

Mary P Brooke
Island Social Trends
April 26, 2026
Category: Forestry
Region: Canada, Canada West

VICTORIA, BC –A panel called The Future of Forestry on Vancouver Island and Coastal BC at the annual convention of the Association of Vancouver Island and Coastal Communities (AVICC) , was chaired by North Cowichan Mayor Rob Douglas… with an audience of about 60 municipal leaders …A panel of forestry sector representatives tackled what is likely only the surface of a multi-faceted problem. They looked at how to protect forests for all the right ecological reasons while still maintaining or even strengthening the wood-production sector for the benefit of jobs and the economy. …The four panelists were Klay Tindall, general manager, Lilwat Forestry Ventures, Geoff Dawe, former president of the Public and Private Workers of Canada, Chris McGourlick, manager with the FESBC and Younes Alila, Professor of Forest Hydrology at UBC Forestry. The panel did not have a representative of the BC Council of Forest Industries (COFI) or any provincial government forestry representatives.

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‘Cornerstone’ industry needs to build on strengths in tough times

By Matt Prokopchuk
Thunder Bay News Watch
April 27, 2026
Category: Forestry
Region: Canada, Canada East

Kevin Holland

THUNDER BAY — A panel of forestry officials says the regional sector has a number of things going for it. And the ability to adapt will be key in how it navigates some current challenging conditions. The second day of the Northwestern Ontario Municipal Association’s conference in Thunder Bay last week featured a discussion on the state and future of the forestry sector in the north. It was led by Thunder Bay Community Economic Development Commission CEO Jamie Taylor and included representatives from a number of companies, as well as Associate Forestry Minister Kevin Holland. The conversation “is about resilience,” Holland said. “It’s a timely theme that reflects the challenges communities and industries are facing, along with the work underway to keep the region strong and growing.” “Forestry has long been a cornerstone of Ontario’s economy,” he continued, adding that, today, it supports close to 155,000 jobs directly or indirectly.

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Trump Conditions on DEI, Immigration Threaten State Wildfire Funding

By Alex Brown
The Missoula Current
May 1, 2026
Category: Forestry
Region: United States

A new effort to force states to affirm the Trump administration’s views on DEI, transgender athletes and immigration when signing contracts with the U.S. Forest Service is threatening millions of dollars in wildfire grant funding and fire reduction projects on federal lands. Some liberal states can’t sign the documents because the policies clash with state law, forestry experts say. Already, at least one state is reporting that the new rules have stalled work to reduce wildfire risk and assist with projects on national forest lands. Other states say the requirements are so vague that they don’t know how to follow them. And some timber industry leaders believe the standoff could cut into their revenues. …The update to the requirements governing federal partnerships comes even as many Western states brace for a brutal wildfire season, following a winter that brought record high temperatures and a paltry snowpack.

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More than 60 percent of U.S. is covered by drought as impacts worsen

National Weather Service – US Seasonal Drought Outlook
April 28, 2026
Category: Forestry
Region: United States

Extensive drought conditions continue across much of the nation, with over 60-percent of the contiguous United States currently experiencing drought conditions as of the April 7 US Drought Monitor. During the last month, widespread drought expansion and intensification occurred across the West, the central US, and the Southeast south of the Ohio River, as dry conditions and above-normal temperatures combined with increasing Spring evapotranspiration rates to rapidly dry soils and reduce streamflow levels. In contrast, several rounds of heavy precipitation eased drought across much of the Ohio Valley and Great Lakes region. A potent Kona Low brought flooding rainfall and eased drought conditions across Hawaii, while Alaska, Puerto Rico, and the US Virgin Islands remain drought free. During the upcoming 3-month period, below-average precipitation favored for the Northwest combined with much below-normal mountain snow cover will likely lead to drought persistence and expansion.

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US Supreme Court Divided Over Bayer Roundup Cancer Lawsuits

By Cecelia Smith-Schoenwalder
US News
April 27, 2026
Category: Forestry
Region: United States

The Supreme Court on Monday heard oral arguments over an effort from agrochemical company Bayer to shut down thousands of lawsuits alleging the company failed to warn users of its popular weed killer Roundup that the product poses a cancer risk. It was unclear Monday which way the justices would fall, though several appeared receptive to the argument that Bayer can be sued for damages under state laws despite conclusions from federal regulators that the product is safe. Bayer has been defending against litigation over Roundup since its $63 billion purchase in 2018 of Monsanto, the company that introduced the herbicide. John Durnell alleged that he developed non-Hodgkin lymphoma because of his exposure to Roundup. …A jury in a Missouri state court awarded him $1.25 million in damages, and Bayer appealed. …The justices will decide whether thousands of lawsuits against Roundup’s maker, Monsanto, are allowed under federal law. 

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America’s Largest Landowner Is Using AI to Digitize the Forest

By Ryan Dezember
The Wall Street Journal
April 23, 2026
Category: Forestry
Region: United States

Autonomous skidders that drag felled trees around logging sites. A database detailing each tree in the forest. A screen that shows loggers which trees to cut and which to leave standing to maximize financial returns decades down the line. Weyerhaeuser, the country’s top logger and one of its oldest companies, is betting artificial intelligence can deliver these and other big changes to American forestry, which has come a long way from oxen and axes. Many applications envisioned by Weyerhaeuser executives are unique to a company that manages timberlands in the US and Canada that together cover an area roughly the size of Indiana. …Among the initiatives is the creation of a digital twin of Weyerhaeuser’s timberlands using satellite imagery, drone photography and lidar. …Weyerhaeuser is also studying semiautonomous logging equipment. At a meeting with investors, executives showed video of a driverless skidder, dragging freshly downed timber around a Southern logging site. [to access the full story a WSJ subscription is required]

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States across the wildfire-prone Western US are using AI for early detection

By Dorany Pineda and Brittany Peterson
The Associated Press in Vancouver is Awesome
May 1, 2026
Category: Forestry
Region: United States, US West

On a March afternoon, artificial intelligence detected something resembling smoke on a camera feed from Arizona’s Coconino National Forest. …One of dozens of AI cameras installed for the utility Arizona Public Service had spotted early signs of what came to be known as the Diamond Fire. Firefighters raced to the scene and contained the blaze before it grew past 7 acres. …Arizona Public Service has nearly 40 active AI smoke-detection cameras and plans to have 71 by summer’s end, and the state’s fire agency has deployed seven of its own. Another utility, Xcel Energy in Colorado, has installed 126 and aims to have cameras in seven of the eight states it serves by year’s end. “Earlier detection means we can launch aircraft and personnel to it and keep those fires as small as we can,” said Arizona’s John Truett. …“The AI that’s being run on the cameras is actually beating 911 calls,” he said.

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Forest Service Chief fields questions on Milwaukee office closure, deep budget cuts

By Danielle Kaeding
Wisconsin Public Radio
May 4, 2026
Category: Forestry
Region: United States, US East

Tom Schultz

US Forest Service Chief Tom Schultz provided details to lawmakers Thursday on employees affected by the closure of its regional office in Milwaukee, as well as President Donald Trump’s budget that cuts 75 percent of the agency’s funding. Schultz fielded questions from members of a Senate appropriations subcommittee. Last month, the Forest Service announced it would close 57 research facilities in 31 states and close nine regional offices, including in Milwaukee. The agency is proposing to shift operations to Madison as one of six nationwide hubs. Wisconsin Democratic US Sen. Tammy Baldwin, noted she had written to Schultz about the Milwaukee office closure as Senate Democrats have demanded answers on the reorganization. Schultz told Baldwin. …“We are proposing to move this to Madison, where we have the existing Forest Products Lab. We think it’s a better location,” Schultz said. “There’s been discussions over the last 10 years to relocate from Milwaukee to Madison.”

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Trump administration falls behind on wildfire prevention with risky fire season ahead

By Lauren Sommer
National Public Radio
May 4, 2026
Category: Forestry
Region: United States, US East

With wildfires already burning and drought persisting across much of the US, fire experts are bracing for what could be an extreme fire season. The U.S. Forest Service is going into it having done far less work than in recent years to manage the dry, flammable vegetation that can fuel catastrophic fires. In 2025, the Forest Service reduced vegetation on almost 1.5 million fewer acres than in 2024, according to an analysis of the agency’s data by NPR and firefighting experts. …The Forest Service said in a statement that the drop in prevention work is mostly due to staff being occupied with firefighting and because environmental conditions were not right for doing prescribed burns in the Southeast. The agency lost 16% of its workforce as of last summer, with 5,860 personnel leaving in the first six months of 2025 as part of the Trump administration’s efforts to reduce the size of government. 

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A roadmap to recovery – the U.S. timber industry

By Tom Laventure
Price County Review
April 30, 2026
Category: Forestry
Region: United States, US East

Scott Dane

HARRIS, Michigan — In his keynote address at the Great Lakes Timber Professionals Association’ Spring Celebration in Harris, Michigan on April 1, Scott Dane said the past 18 months has shown significant progress with the challenges of the logging and partnering wood products industries. Dane, the executive director at American Loggers Council, based in Washington, D.C., said this is the result of partnerships who have formed a bipartisan blueprint for the recovery of the U.S. timber industry. “The challenges within the industry really boils down to one simple common denominator, and that’s markets,” Dane said. …Dane said first the bad news… “Loggers are being crushed by a perfect storm of low demand, unpredictable quotas, volatile prices, rising costs, and shrinking markets,” Dane said, referencing an editorial he read. …Now the good news, he said. Encouraging opportunities include increased domestic lumber production, cross-laminated timber, and biofuels – both sustainable aviation fuel and biojet.

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Carbon, Climate & Bioenergy

‘One of the most rapid transitions that I’ve seen’: NOAA forecaster on how this year’s El Niño could shatter records

By Sophie Berdugo
Live Science
May 1, 2026
Category: Carbon, Climate & Bioenergy
Region: Canada, United States, International

Our warming world is set to enter an El Niño period as early as May, with a high likelihood of southern North America experiencing supercharged temperatures. One of the three phases of the natural El Niño-Southern Oscillation (ENSO) cycle in the Pacific Ocean, El Niño events occur every two to seven years, driving up sea surface temperatures across the Pacific Ocean and increasing global temperature. The last El Niño partially explains why 2024 was the hottest year on record. The knock-on effects of past El Niño events have been profound, with studies linking them to famine in Europe; civil wars in tropical regions; and droughts, floods and forest fires around the world. …To get a better idea of what the upcoming El Niño will look like and what it could mean for Earth’s climate and weather, Live Science spoke with Nathaniel Johnson, a research meteorologist at NOAA Climate Prediction Center. 

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Octopus Energy Generation to invest $500 million to remove polluting CO₂ from the atmosphere

Octopus Energy
April 30, 2026
Category: Carbon, Climate & Bioenergy
Region: United States, International

LONDON and SAN FRANCISCO – Octopus Energy Generation, one of Europe’s leading renewables investors, is ramping up efforts to slash CO₂ pollution at scale – inking a major US deal that will help remove up to 50 million tonnes of carbon dioxide from the air. Octopus’s fund management team is set to invest $500 million in afforestation and reforestation projects in the US developed by public benefit and climate technology company Living Carbon. On top of that, Octopus has put nearly $13 million into Living Carbon’s fast-growing, cutting-edge carbon removal development business. …Across the US, roughly 130 million acres of land lie degraded and could be reforested. …The locations include old mining sites and worn-out farmland, transforming these spaces into CO₂-absorbing sinks that slash emissions and combat climate change. These projects will also have a host of additional benefits: restoring wildlife habitats, improving water quality, strengthening soils, and supporting local economies in rural communities.

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Warming temperatures and shifting precipitation patterns may exacerbate pest damage in North American forests

By Hannay Clipp, Kevin Potter, Matthew Peters et al
Nature Ecology & Evolution
April 17, 2026
Category: Carbon, Climate & Bioenergy
Region: United States

Climate change is expected to alter the extent and severity of forest pest damage, with substantial economic and ecological consequences, but predicting future pest impacts is challenging. Here we use 20 years of data to assess how bioclimatic and biotic factors have influenced forest damage by 30 high-impact pest species and to identify ecological signals in those relationships. We found consistency in pest damage responses to maximum temperature in the warmest month, including recent average conditions and shifts from a historical baseline. Mean damage from focal pest species tends to be higher in regions with moderate maximum temperatures and in regions with faster rates of warming. In certain cases, the direction and magnitude of relationships between climate and forest damage vary by pest guild, native status and region of occurrence. Our findings provide empirical support for expectations of climate-induced stress to host trees and temperature-boosted pest performance, leading to increased pest damage in future forests.

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Finland’s Forestry Industry in 2026: Powering a Bioeconomy Under Pressure

By Kai Merivuori
ResourceWise Forest Products Blog
May 28, 2026
Category: Carbon, Climate & Bioenergy
Region: International

Finland’s economy has long been rooted in its forests—but in 2026, the sector sits at the intersection of energy transition, environmental regulation, and global market uncertainty. A glance at Finland’s real-time energy production reveals a system increasingly diversified across nuclear, hydro, and renewables. Yet beneath this transition lies a quieter but equally critical story: the evolving role of forestry in powering both industry and energy systems. Finland’s energy picture depends heavily on whether we look at electricity output or total primary energy consumption. …The broader energy balance tells a different story. When heat, fuels, and industrial energy are included, bioenergy remains Finland’s largest energy source, at roughly 135 TWh, ahead of nuclear energy at about 105 TWh. Oil remains significant at around 70 TWh, while hydro and wind contribute roughly 25 TWh and 20 TWh, respectively. This matters for forestry because forest-based energy remains central to Finland’s energy system, even as its role is slowly declining.

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Health & Safety

Canada Truck Operators Association Convenes to Advance Safety, Compliance, and Supply Chain Resilience

Canada Truck Operators Association
April 28, 2026
Category: Health & Safety
Region: Canada, Canada East

MONTREAL, Quebec — The Canada Truck Operators Association (CTOA) brought together more than 600 transportation and logistics professionals, policymakers, and industry leaders at a sold-out National Industry Appreciation & Information Session, marking one of the largest recent gatherings of Canada’s trucking sector. The event convened stakeholders from Québec and Ontario for focused discussions on supply chain resilience, operational realities, safety, and the evolving needs of Canada’s transportation industry. Keynote speaker Frank Baylis, former Member of Parliament, emphasized the foundational role of trucking in the national economy. …Federal and provincial leaders underscored the importance of collaboration between government and industry stakeholders. The symposium featured two solution-focused panels addressing: Managing Risk, Costs & Growth in Trucking: Insurance, Financing, AI & data-driven insights; and Building a Safer Trucking Industry – Maintenance, Responsibility & Practical Solutions.

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