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Business & Politics

Clarity in Canadian law of Aboriginal title is not optional

By Joesph Roberson, retired judge of the New Brunswick Court of Appeal
The Globe and Mail
March 26, 2026
Category: Business & Politics
Region: Canada

The BC Supreme Court’s decision in Cowichan v. Canada has drawn national attention. For the first time, a Canadian court has granted a declaration of Aboriginal title over privately owned lands. …But at the same time, the New Brunswick Court of Appeal in J.D. Irving v. Wolastoqey Nation ruled that the private lands held by timber companies were not subject to declarations of Aboriginal title. …We need to understand each ruling to understand the trajectory of Canadian law’s engagement with reconciliation. It’s clear that the rulings in fact point in just one direction, because Cowichan can be sustained only by rewriting the Supreme Court’s settled doctrine of Aboriginal title, while Wolastoqey, with one severable modification, remains faithful to it. Of the two decisions, only Wolastoqey offers an approach that is legally sound and clear in its application. …Wolastoqey demonstrates that proven wrongs can be addressed through compensation and negotiation without unsettling land titles or distorting the doctrine of Aboriginal title; Cowichan does the opposite. [to access the full story a Globe & Mail subscription is required]

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B.C. pushes for ‘long-term softwood lumber deal’ as U.S. group praises tariffs

CBC News
March 24, 2026
Category: Business & Politics
Region: Canada, United States

B.C. Forests Minister Ravi Parmar is in Ottawa pushing the federal government to prioritize a softwood lumber deal with the US. That’s as a US lumber lobby group praises the Trump administration for reducing ‘harmful’ Canadian imports with the use of tariffs.

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Canadian Imports Are Being Replaced by U.S. Production – A Direct Result of U.S. Trade Law Enforcement and the Section 232 Tariff

By US Lumber Coalition
PR Newswire
March 24, 2026
Category: Business & Politics
Region: Canada, United States

Zoltan van Heyningen

WASHINGTON — Strong US trade law enforcement measures coupled with the appropriate application of Section 232 tariff measures have resulted in reducing Canada’s softwood lumber market share in the US from 32% in 2016 to an average of 18.6% over the most recent quarter of available data. This significant reduction in Canadian market share comes as a direct result of the US Lumber Coalition filing trade cases and President Trump’s imposition of Section 232 tariff measures. …”The latest Canadian market share data demonstrates that Canadian imports can and should be replaced by US production. More US lumber produced by US workers to provide a more stable domestic supply of lumber for US housing is a win for American forestry workers and communities,” stated Zoltan van Heyningen, Executive Director. …”The most recent USMCA panel decisions likewise have concluded that Canada engaged in dumping, is subsidizing its industry, and that lumber imports are harming US producers”.

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Is Canada’s trade fate a three-sided circle?

By Stuart Culbertson, former BC deputy minister
The Vancouver Sun
March 19, 2026
Category: Business & Politics
Region: Canada, United States

In a world of colourful economic pie charts and slick bar graphs, the image of a three-sided circle is both awkward and uncomfortable. Yet this image may depict the emerging fate of the Canada-US-Mexico Trade Agreement. For Canada, the wild ride through Trumpian trade policy has now entered a decisive phase. …Some rules of the road ahead are beginning to take shape. First there is a recognition and begrudging acceptance that there will be some tariffs where CUSMA had none. …Secondly, despite warm commitments to the trilateral CUSMA relationship, Canada and Mexico are engaged in separate bilateral discussions with the US. …Enter the three-sided circle. Here the current comprehensive trilateral agreement would evolve into three bilateral trade agreements bound by a core centre that holds common rules and undertakings. …In triaging the trade-wounded, no sector deserves a bigger fix than Canada’s softwood lumber industry. Its market access to the US has been battered by 40 years of aggressive protectionism.

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Joint statement from Canada, the UK, France, Germany, Italy, the Netherlands and Japan on the Strait of Hormuz

Prime Minister’s Office
The Government of Canada
March 19, 2026
Category: Business & Politics
Region: Canada, United States, International

OTTAWA — We condemn in the strongest terms recent attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas installations, and the de facto closure of the Strait of Hormuz by Iranian forces. We express our deep concern about the escalating conflict. We call on Iran to cease immediately its threats, laying of mines, drone and missile attacks and other attempts to block the Strait to commercial shipping, and to comply with UN Security Council Resolution 2817. Freedom of navigation is a fundamental principle of international law, including under the United Nations Convention on the Law of the Sea. …We emphasise that such interference with international shipping and the disruption of global energy supply chains constitute a threat to international peace and security. …We express our readiness to contribute to appropriate efforts to ensure safe passage through the Strait. 

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B.C. mulls plan to weaken DRIPA, in secret document shared with First Nations leaders

By Alessia Passafiume
The Canadian Press in Business in Vancouver
March 24, 2026
Category: Business & Politics
Region: Canada, Canada West

David Eby

OTTAWA — BC Premier David Eby is considering amendments that would weaken the province’s Declaration on the Rights of Indigenous Peoples Act, after two recent court decisions siding with First Nations under the law’s current wording. Amendments proposed in a confidential letter and document sent to some First Nations leaders in BC on Monday say the government is looking to change the wording to promise “ongoing processes” to align “select” legislation with the bill, known as DRIPA. The current wording of the “Purpose of the Act” section says it is “to affirm the application of the Declaration to the laws of British Columbia.” First Nations leaders, along with more than 130 civil society organizations including the B.C. Federation of Labour, have called on Eby to leave the bill alone. …The province is hosting a briefing about the proposed changes with First Nations leaders on Wednesday, asking for feedback by 4 p.m. Friday.

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David Eby to lead B.C. trade mission to China

By Daisy Xiong
Business in Vancouver
March 19, 2026
Category: Business & Politics
Region: Canada, Canada West

David Eby

David Eby announced Thursday he will lead a trade mission to China later this year — his first visit to the country since becoming BC’s premier in 2022. Speaking at a media event in Surrey, Eby said the trip is part of the province’s efforts to grow the economy. “[We will be] talking about issues like how to increase agricultural trade, how to increase energy trade for mutual benefit and to help grow the economy here in British Columbia,” he said. …Eby did not provide details on the timing of the trip, but said he plans to deliver a message that has been underlined by the war in Iran. “We are a stable jurisdiction, that when we build things, we deliver,” he said. …Since taking office, Eby has led trade delegations to Japan, South Korea, Singapore, Malaysia and India.

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West Kelowna-based Gorman Brothers gains tenure in Okanagan from Weyerhaeuser

By Ministry of Forests
Government of British Columbia
March 19, 2026
Category: Business & Politics
Region: Canada, Canada West

The final step in a $120-million investment into BC’s forestry sector by a West Kelowna family-owned forestry company has concluded, following the Minister of Forests’ official approval of a tenure transfer from Weyerhaeuser to Gorman Group. “Gorman Group is investing in the future of forestry, investing in a new chapter for Princeton, and investing in the transformation of the community into a real forestry hub,” said Ravi Parmar, Minister of Forests. …“By approving this tenure transfer, we are supporting a company that believes in value-added manufacturing, using every fibre to its fullest potential and keeping jobs here at home.” …The transferred tenures total approximately 682,000 cubic metres. …“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,” said Nick Arkle, CEO, Gorman Group. 

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Princeton mill celebrates approval of tenure transfer to Gorman Group’s Similkameen Forest Products

By Brennan Phillips
The Mission Record
March 19, 2026
Category: Business & Politics
Region: Canada, Canada West

Princeton’s mill celebrated not just new owners but a new name as well with the handover of forestry tenures from Weyerhaeuser to West Kelowna-based Gorman Bros on March 19. …The transfer of the timber tenures has happened quickly since being announced in September 2025, as far as tenure transfers go and especially with the new legislative requirements to consider public interest. Forests Minister Ravi Parmar said “Here you have a company that is continuing to make investments in BC in a time where things are tough right now in forestry. …That speaks well to the future of forestry and gives me the hope and optimism.” …The Ministry of Forests received nearly 300 letters in support of the Gorman tenure transfer from individuals, businesses, First Nations, contractors, community forests and unions during the public input period. “This is a good step forward for a sustainable forestry sector,” Princeton Mayor Spencer Coyne said.

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Ontario’s 2026 budget sees deficit hit $13.8B amid looming global instability

By Adam Carter
CBC News
March 26, 2026
Category: Business & Politics
Region: Canada, Canada East

Peter Bethlenfalvy

The spectre of worldwide instability looms large in Ontario’s 2026 budget, which includes a small business income tax cut alongside a temporary reprieve on HST for buyers of new homes — but also pushes back a balanced budget for yet another year with a higher-than projected deficit. The $244-billion spending plan is replete with phrases like “uncertainty” and “heightened trade tensions,” and includes an increase in reserve spending from $1.5 billion in 2026-27 to $2.5 billion in 2028-29. …Finance Minister Peter Bethlenfalvy said “Geopolitical forces that may have once felt distant have now reached our shores,” he said. “Global economic and trade tensions, supply chain disruptions, shifting markets — simply put, the world has changed, and we must change with it.” …The province’s recently announced plan to temporarily remove HST for buyers of new homes remains, with plans in place for the full 13% tax to be removed for new homes valued up to $1 million.

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Acadian Timber sharpens U.S. focus amid labour, market strains

By Payge Woodard
The Telegraph-Journal
March 23, 2026
Category: Business & Politics
Region: Canada, Canada East, United States

Acadian Timber, one of Canada’s largest forest landowners, wants to close the performance gap between New Brunswick and its business in Maine, a goal its new interim CEO says is achievable despite labour and market challenges. …Malcolm Cockwell, who was named interim boss last month, said, “There are a lot of strong companies here that are investing in their facilities and running them pretty consistently even in challenging markets. Maine is a little bit more hit-and-miss with facilities not being as consistent with their operating schedule and a number of facilities dropping out over the last couple of years.” Acadian has just under 1 million hectares of land under management across New Brunswick and northeastern Maine, with approximately 313,000 hectares of freehold timberlands – privately owned forest land – in New Brunswick and 121,000 in Maine. …One way to make that happen in Maine is to improve Acadian Timber’s contractor base.

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New Brunswick First Nation asks Supreme Court to hear case on Aboriginal title, private land

By David Ebner
The Globe & Mail
March 20, 2026
Category: Business & Politics
Region: Canada, Canada East

The Supreme Court of Canada is being asked to consider a clash between Aboriginal title and private land in a New Brunswick case that would have significant national implications. Last December, the New Brunswick Court of Appeal ruled that the Wolastoqey Nation could not seek a declaration of Aboriginal title over private property as part of its claim against the province. The decision was a sharp contrast to a lower-court ruling in BC last summer. After a trial that stretched five years, the BC Supreme Court declared that the Cowichan Tribes had Aboriginal title to about 800 acres in the Vancouver suburbs. In the Wolastoqey case, Justice Ernest Drapeau wrote that he was “unable to see” how Aboriginal title could co-exist with private land. He stated that a declaration of Aboriginal title over such land “would sound the death knell of reconciliation.” …The Wolastoqey are Tcalling on the top court to enter the fray to settle the legal uncertainty. [to access the full story a subscription is required]

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Supreme Court’s tariff decision still leaves a ‘mess’ for companies trying to grab refunds

By Peter Crabb and Alison Larson
The Conversation US
March 26, 2026
Category: Business & Politics
Region: United States

US companies stung by President Trump’s emergency tariffs had hoped for relief when the US Supreme Court ruled in their favor. But settling on a remedy – namely, rebate checks from the government – may be an even bigger headache. Fresh wrinkles are prompting businesses to take different routes as they try to recoup money, with many opting to sue to improve their odds. These lawsuits are also underscoring the complex ways that tariffs worked their way through corporate accounting. In some cases, their cost was a clear line item; in others, the impact was muddier – say, through changed supply lines or selective increases in retail pricing. And some have backed off from a legal fight altogether and sold their refund rights to investment firms, often at a deep discount, figuring that getting something is better than risk getting nothing. …Consider the different approaches taken by FedEx and the retail chain Costco.

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European Parliament gives conditional approval to EU-US trade deal

By Jessica Rawnsley
BBC News
March 26, 2026
Category: Business & Politics
Region: United States, International

The European Parliament has backed legislation to implement an EU-US trade deal, following months of uncertainty over President Donald Trump’s tariff threats. A majority of lawmakers voted in favour of the measures on Thursday, but added a series of safeguards to ensure the US honours its side of the deal struck last July. The legislation would set tariffs at 15% for most EU goods – down from the 30% initially threatened – in exchange for European investment in the US and the removal of EU import duties on US industrial goods. The vote comes after months of delay following Trump’s threats to annex Greenland and a US Supreme Court ruling that found some of his tariffs unlawful. The EU assembly voted by 417 to 154, and 71 abstentions, in favour of the legislation. The text will need to be signed off by all of the bloc’s 27 member states, with a concluding vote expected in April or May.

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Preliminary Determination in the Countervailing Duty Investigation of High Purity Dissolving Pulp from Brazil

The Federal Register
March 25, 2026
Category: Business & Politics
Region: United States, International

On March 20, 2026, the U.S. Department of Commerce (Commerce) announced its preliminary affirmative determination in the countervailing duty (CVD) investigation of high purity dissolving pulp from Brazil. Commerce’s preliminarily determined that countervailable subsidies are being provided to producers and exporters of high purity dissolving pulp (dissolving pulp) from Brazil. The period of investigation is January 1, 2024, through December 31, 2024. Interested parties are invited to comment on this preliminary determination. …Commerce preliminarily determines that the following countervailable subsidy rates exist: Company Bracell Bahia Specialty Cellulose S.A. 3.67%, All Others 3.56%. …The final determination for the CVD investigation has been aligned with the concurrent antidumping duty investigation of high purity dissolving pulp from Brazil and Norway, and therefore, is scheduled to be announced on August 4, 2026, unless postponed. The U.S. International Trade Commission (ITC) is conducting a concurrent injury investigation.  

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Current, former workers sue Western Forest Products’ Vancouver, Washington operation

By Sarah Wolf
The Columbian
March 20, 2026
Category: Business & Politics
Region: United States, US West

WASHINGTON STATE– Current and former employees are suing Western Forest Products’ Vancouver operation, alleging the company failed to give employees breaks and pay wages owed. …Western manufactures lumber at its Fruit Valley location and formerly operated a Columbia Vista sawmill that closed after a fire last year. …The group of current and former employees also allege Western Forest Products didn’t keep accurate payroll records. The complaint states about 40 employees could have been impacted by the alleged practices. Babita Khunkhun, spokesperson for Western Forest Products, said “While we cannot comment on the specifics of the allegations at this time, we take all employee concerns seriously,” Khunkhun said. The company is reviewing the lawsuit and will respond through the appropriate legal process, she added. Western Forest Products recently unveiled plans to expand its Fruit Valley manufacturing operation.

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Hearing set for Georgia Pacific’s polluted water discharge plan

By James Call, USA Today
The Tallahassee Democrat
March 25, 2026
Category: Business & Politics
Region: United States, US East

The Florida Department of Environmental Protection will hold a public hearing in April on Georgia Pacific’s request to release stormwater runoff from a closed paper mill into the Fenholloway River near Perry.  The Koch Industries subsidiary is embroiled in a dispute with neighboring landowners that has forced it to seek a permit to discharge 5 million gallons of polluted water daily from the site of the closed Foley Cellulose plant into the river. In December, GP submitted the permit application after an arbitrator sided with Four Rivers Land & Timber, who had blocked GP’s use of a 15-mile-long pipeline built to carry the discharge to the river’s mouth at the Gulf. …While there is no new effluent or wastewater, because GP has significantly dismantled the plant, there are pollutants in the ground accumulated during the 70 years the plant was in operation. 

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Georgia-Pacific Announces President & CEO; Duncan to Lead Nearly 100-year-old Atlanta-Based Manufacturing Company

Georgia Pacific
March 26, 2026
Category: Business & Politics
Region: United States, US East

David Duncan

ATLANTA – Georgia-Pacific announced that effective immediately, David Duncan, executive vice president of Georgia-Pacific’s consumer products group, has been named president and CEO. Mark Luetters, who currently serves as executive vice president of Koch had temporarily served as CEO since 2025. David Duncan, executive vice president of Georgia-Pacific’s consumer products group, has been named president and CEO. He’s been with the company since 2018 in leadership roles and has 28 years of experience at Koch companies. Prior to joining Georgia-Pacific, he served as president of performance solutions at INVISTA. …Vivek Joshi, currently president of the consumer tissue, towel and napkins (TTN) business, will become executive vice president of the consumer products business. 

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Domtar to idle East Alabama fluff pulp mill, affecting 285 jobs

By William Thornton
All Alabama
March 24, 2026
Category: Business & Politics
Region: United States, US East

COOSA PINES, Alabama — Pulp and tissue company Domtar announced it will indefinitely idle operations at its Coosa Pines fluff pulp mill in May. The decision will impact 285 employees, the company said. The mill on the Coosa River in Talladega County began operating in 1950 as a joint venture between Kimberly-Clark and newspaper publishers. For several years, it produced newsprint for publishers, mostly in the Southeast. It has an estimated annual economic impact of $569 million. “The Coosa Pines mill has been challenged by difficult market conditions, as well as its aged assets, resulting in high costs of maintaining and operating the facility, underscoring the need for this strategic decision,” Domtar said in a statement. Domtar said it will conduct a “safe and orderly wind-down of production” at the plant, and will support employees “through career transition resources, benefits guidance, and open communications during this period.

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West Fraser asks Escambia for tax break as sawmill plans expansion

By Mollye Barrows
Pensacola News Journal
March 25, 2026
Category: Business & Politics
Region: United States, US East

PENSACOLA, Florida — West Fraser is requesting a tax break from Escambia County as the lumber company prepares for a planned expansion at its McDavid sawmill. Escambia County staff prepared a draft ordinance proposing the Canadian-based lumber company receive a 70% ad valorem tax exemption for a period of five years. …West Fraser applied for an EDATE for the assessed value of certain improvements. If the exemption is granted… over the next five years, the estimate of the taxable value lost to the county if the exemption is granted is $70,252,000 improvements to real property. In 2023, the board adopted a resolution supporting West Fraser’s expansion and agreed to consider the lumber company’s EDATE application when it was submitted. The county is scheduled to vote March 26 at its board meeting on scheduling a public hearing to consider establishing an EDATE for West Fraser. 

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Five Alabama startups join new forestry accelerator

Business Alabama
March 25, 2026
Category: Business & Politics
Region: United States, US East

ALABAMA — Five forestry companies from the Southeast make up the inaugural cohort of the Alabama Forestry Accelerator. The accelerator aims to increase technology and business innovation in the forestry industry. Forestry in Alabama generates an estimated $36 billion in annual economic impact, according to the Alabama Department of Commerce. The state ranks fourth in lumber production and second in pulp and paper production. The Alabama Forestry Accelerator is hosted in Dothan’s Wiregrass Innovation Center, in partnership with HudsonAlpha Wiregrass. …The five companies making up the inaugural class are:

  • Chonex, of Baldwin County, converts agricultural and industry byproducts into biofertilizers.
  • Contreras Forestry, in Birmingham, is building on reforestation and utility forestry operations.
  • Druid, based in North Carolina, developed a smart camera system that monitors plant health.
  • Shellulose, in Auburn, creates a biodegradable alternative to plastics from forestry waste.
  • TreeTracker, of Starkville, Mississippi, provides a mobile, web-based forest management platform.

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USDA Announces $115.2 Million Investment to Expand Timber Production in Eight States

The US Department of Agriculture
March 23, 2026
Category: Business & Politics
Region: United States, US East

At the Advanced Bioeconomy Leadership Conference, US Department of Agriculture Administrator J.R. Claeys announced the USDA is guaranteeing $115.2 million across eight states (California, Idaho, Kansas, Louisiana, Maine, Oklahoma, Virginia, and Wisconsin) through the Timber Production Expansion Guaranteed Loan Program (TPEP) to ensure sawmills and other wood processing facilities have the necessary funding to establish, reopen, expand, or improve their operations. These investments represent a commitment to expand American timber production by 25%, reduce wildfire risk, and save American lives and communities by strengthening domestic wood processing capacity. …A selection of project highlights from states receiving funding include: $12.3 million loan to Beachcombers in Oklahoma to acquire two Teal-Jones sawmills, located in Antlers, Oklahoma, and Liberty, Mississippi. $800,000 loan to Timber Professionals Cooperative Enterprises in Wisconsin to assist in re-opening a sawmill in Shawano County, Wisconsin.

In related coverage with different highlights from states receiving funding:

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International Paper Plans to Build New Sustainable Packaging Facility in Rankin County, Mississippi

By International Paper
PR Newswire
March 20, 2026
Category: Business & Politics
Region: United States, US East

MEMPHIS, Tennessee — International Paper announced plans to construct a new 468,000-square-foot sustainable packaging facility in Rankin County, Mississippi. …Following a comprehensive review of its manufacturing footprint, International Paper’s Board of Directors approved both the exploration and advancement of this $225 million greenfield project in central Mississippi. The facility is planned to be built on an 80-acre site in Brandon, Mississippi, less than 10 miles from the company’s existing Richland (Jackson) box plant. …Construction is expected to begin in June 2026, with operations anticipated in the fourth quarter of 2027. Employees at the existing Richland facility will transition to the new plant upon completion.

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Pulp & Beyond 2026: Featuring pulp and paper industry trends and challenges

By: Simon Matthis
Pulp Paper News
March 30, 2026
Category: Business & Politics
Region: International

Highly exposed to energy costs, today’s unpredictable global trade politics and the crisis in the Middle East are impacting the pulp and paper industry in many ways. These developments will certainly be reflected at Pulp & Beyond 2026, the leading forest-based bioeconomy event in Northern Europe, taking place on 15–16 April 2026 at the Helsinki Expo and Convention Centre in Helsinki, Finland. However, the main theme of this year’s event—focusing on the role of artificial intelligence in process industries, innovation within the forest sector, and the future of the bioeconomy—was defined before the Middle East war broke out, along with the subsequent oil and gas crisis, turbulence in global stock markets, and the growing risk of an unprecedented global recession. Pulp & Beyond 2026 will be held April 14-17 in Finland at the Helsinki Expo and Convention Centre.

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World order has irrevocably changed: World Trade Organization chief

Reuters in CTV News
March 26, 2026
Category: Business & Politics
Region: International

GENEVA — The head of the World Trade Organization said on Thursday the multilateral system has fundamentally changed and that countries must look to the future to consider how to reform the global trade system. …“We must look to the future,” WTO Director-General Ngozi Okonjo-Iweala told delegates at the opening of the 14th WTO ministerial conference in Yaounde, Cameroon. While 72% of global trade still takes place under WTO rules, with growth in AI-related trade providing a bright spot, Okonjo-Iweala said the world trading system faces significant uncertainty due to the Middle East conflict and impact of U.S. tariffs on countries around the world. Okonjo-Iweala set out a list of problems facing the WTO, including the paralysis of the WTO’s dispute settlement body and transparency in notifying the use of subsidies. …“Lack of transparency leads to lack of trust, and that breeds suspicions of unfairness and anti-competitive behaviors,” she said.

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Hormuz Sealed, Costs Climbing — Swedish Timber Exports Cornered on Two Fronts

Jason Ross
Wood Central Australia
March 26, 2026
Category: Business & Politics
Region: International

Rising bunker prices are now hitting Swedish sawmill exporters on every trade lane, with the Strait of Hormuz closure driving up costs across routes and cutting off Middle East volumes, with no end in sight. That is according to Setra Group’s Olle Berg, Executive Vice President of market and business development at one of Sweden’s largest processors, who exports sawn timber, glulam, CLT, and structural components to Europe, North America, Asia, North Africa, and the Middle East. And according to Berg, the damage was coming through on two fronts – one from high oil prices now feeding into bunker costs regardless of destination, and the other from direct shipments to the Middle East, with container prices, surcharges and risk premiums climbing exponentially. “For Swedish sawmills, the volumes to the area are relatively small — but not insignificant,” Berg told a Timber Exchange webinar focused on the impact of the conflict on global sawmilling. 

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Finance & Economics

Lumber Futures Retreat on Lackluster Demand

Trading Economics
March 30, 2026
Category: Finance & Economics
Region: Canada, United States

Lumber futures retreated toward $590 per thousand board feet as the cooling of the North American residential construction sector eroded the demand floor that had supported the market since January. The primary downward pressure stems from a slowdown in housing activity where single-family starts plunged 14.2% in March and building permits fell 5.4% signaling a sharp reduction in seasonal requirements. This demand destruction was catalyzed by a 11 basis point surge in mortgage rates to 6.45% following the Federal Reserve decision to hold interest rates steady alongside global inflationary spikes. While geopolitical tensions in the Strait of Hormuz initially pushed energy costs higher, the resulting increase in financing costs and a 10% drop in US housing starts outweighed the potential for supply chain disruptions. Furthermore a 2.4% increase in unsold builder inventory forced price cuts.

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Bank of Canada Speech Takes on Heightened Importance Amid Rapid Turn in Rate Expectations

By Paul Vieira
Wall Street Journal
March 23, 2026
Category: Finance & Economics
Region: Canada

Carolyn Rogers

OTTAWA—The Bank of Canada has a chance later this week to either rebut or buttress traders’ expectations for at least three interest-rate increases in 2026 when its No. 2 official speaks to a business audience in Western Canada. The central bank left its policy rate unchanged March 18, arguing that it was premature to determine the total economic effect from the war in Iran. Bank of Canada Gov. Tiff Macklem added that the risk of higher energy costs spreading and lifting prices for other goods and services appeared contained, reflecting an elevated level of spare capacity in the economy. Traders believe differently, and as Monday morning had priced in the likelihood of up to three interest-rate increases by the end of 2026, reflecting fears of a prolonged period of sharply higher energy prices. Yields on two- and five-year government of Canada bonds climbed since last Wednesday. [to access the full story a WSJ subscription is required]

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Lumber Futures Drop Below $600

Trading Economics
March 23, 2026
Category: Finance & Economics
Region: Canada, United States

Lumber futures fell below $600 per thousand board feet as a slowdown in the North American housing market and rising financing costs outweighed persistent supply constraints. This downward pressure was driven by a 5.4% decline in building permits and a sharp 14.2% collapse in single-family housing starts, which signaled a cooling of construction activity as the spring season began. Additionally, 30-year fixed mortgage rates climbed to 6.22% following the Federal Reserve’s decision to hold interest rates steady, the market was further pressured by a sharp drop in crude oil prices that reduced the energy-heavy transport and production overheads. These factors effectively neutralized the marginal one-point gain in the NAHB Housing Market Index to 38, leaving 37% of builders reliant on deep price cuts to move a 2.4% increase in unsold inventory. Structural supply issues like the 45% combined duties on Canadian softwood and ongoing sawmill closures continue to provide a floor.

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International Energy Agency head says global economy faces ‘major, major threat’ from Iran war

By Charlotte Graham-McLay
The Associated Press
March 23, 2026
Category: Finance & Economics
Region: Canada, United States, International

Fatih Birol

The head of the International Energy Agency said Monday that the global economy faces a “major, major threat” because of the Iran war. “No country will be immune to the effects of this crisis if it continues to go in this direction,” Fatih Birol said. The crisis has had a worse impact on oil than the two oil shocks of the 1970s combined, and a worse effect on gas than the Russia-Ukraine war. …One major fear is that the war could knock out oil and gas production in the Middle East for a long time, which would mean high prices could last a while and cause inflation to rip higher. The US stock market has a history of bouncing back… as long as oil prices don’t stay too high for too long. …“Some of the vital arteries of the global economy, such as petrochemical, such as fertilizers, such as sulfur— their trade is all interrupted.

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Conifex Timber reports Q4, 2025 net loss of $11.4 million

By Conifex Timber Inc.
Globe Newswire
March 23, 2026
Category: Finance & Economics
Region: Canada, Canada West

VANCOUVER, BC — Conifex Timber reported results for the fourth quarter and year ended December 31, 2025. EBITDA* from continuing operations was negative $12.6 million for the quarter and negative $27.5 million for the year, compared to EBITDA of negative $2.1 million in the fourth quarter of 2024 and negative $13.6 million for the year. Net loss was $35.7 million or negative $0.87 per share for the year versus net loss in the preceding year of $29.8 million. …Our lumber production was 147.9 million board feet in 2025 reflecting an annualized operating rate of 62%. Lumber production in 2025 benefited from higher operating rates in the first half of the year but was impacted by curtailments and modified operating configurations in the second half of 2025 in response to lower lumber prices and higher duty deposit rates and tariff impositions. Lumber production in 2024 was 134.8 million board feet, reflecting an annualized operating rate of 56%.

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GreenFirst reports Q4, 2025 net loss of $32.8 million

By GreenFirst Forest Products
Businesswire
March 26, 2026
Category: Finance & Economics
Region: Canada, Canada East

TORONTO — GreenFirst Forest Products announced results for the fourth quarter of 2025. The Q4 2025 net loss from continuing operations was $32.8 million, compared to net loss of $57.4 million in Q3 2025. Adjusted EBITDA from continuing operations for Q4 2025 was negative $21.7 million compared to negative $47.2 million in Q3 2025. Benchmark prices saw decreases during the quarter which resulted in an average realized lumber prices of $654/mfbm for Q4 2025 which was lower than the $695/mfbm pricing realized in Q3 2025. Net sales were $76.9 million in Q4 2025, an increase of approximately 10% compared to Q3 2025. The increase in net sales was primarily driven by higher shipments, partially offset by lower realized pricing during the quarter. …The installation of the new large log line at our Chapleau mill temporarily impacted production volumes. 

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Ford government planning to waive HST on new homes for 1 year

By Colin D’Mello & Isaac Callan
Global News
March 25, 2026
Category: Finance & Economics
Region: Canada, Canada East

ONTARIO — Potential buyers across Ontario are poised to receive a significant tax discount on newly-built homes, but only for a limited time, as the Ford government looks to boost a sector struggling with a slump in sales. As part of his spring budget, Finance Minister Peter Bethlenfalvy is expected to announce that the provincial portion of the harmonized sales tax will be removed for anyone buying a newly-constructed home, rewriting a policy the government introduced just months ago. …Ontario’s pledge to waive its portion of the HST came shortly after a similar announcement by the federal government — allowing first-time homebuyers to save up to $130,000 on a new home under $1 million, and lower rebates for homes costing up to $1.5 million. But the offer failed to ignite the market, forcing the government to take a second pass at the policy, and offer the discount to a wider swath of purchasers. 

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US Consumer sentiment fell back 6% this month to its lowest level since December 2025

The University of Michigan
March 26, 2026
Category: Finance & Economics
Region: United States

US Consumer sentiment fell back 6% this month to its lowest level since December 2025. Declines were seen across age and political party. Consumers with middle and higher incomes and stock wealth, buffeted by both escalating gas prices and volatile financial markets in the wake of the Iran conflict, exhibited particularly large drops in sentiment. Overall, the short-run economic outlook plunged 14%, and year-ahead expected personal finances sank 10%, while declines in long-run expectations were more subdued. These patterns suggest that, at this time, consumers may not expect recent negative developments to persist far into the future. These views are subject to change, however, if the Iran conflict becomes protracted or if higher energy prices pass through to overall inflation. …Year-ahead inflation expectations climbed from 3.4% in February to 3.8% this month, the largest one-month increase since April 2025. …Long-run inflation expectations inched down to 3.2%. 

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U.S. Imports Of Hardwood Plywood Drop By 7%

Decorative Hardwoods Association
March 26, 2026
Category: Finance & Economics
Region: United States

U.S. imports of hardwood plywood began the year with a decline of nearly 7% in volume in January 2026 vs. January 2025. Imports from Vietnam dropped by almost 50%. Imports from Indonesia fell by close to 8%. However, imports from Malaysia shot up by nearly 200%, and imports from Cambodia jumped by more than 440%. [other declines of note include Canada -8%, Russia -7%, and China -52%]

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US mortgage rates rise to 6.38%, the highest level in 6 months

Freddie Mac
March 26, 2026
Category: Finance & Economics
Region: United States

MCLEAN, Virgina — Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.38%. “Mortgage rates this week averaged 6.38%,” said Sam Khater, Freddie Mac’s Chief Economist. “The housing market continues to show gradual improvements compared to a year ago amid recent rate volatility. Purchase and refinance applications are up year-over-year, and rates remain lower than last year when they averaged 6.65%.” The 30-year FRM averaged 6.38% as of March 26, 2026, up from last week U.S. weekly average mortgage rates as of 03/26/2026 when it averaged 6.22%. A year ago at this time, the 30-year FRM averaged 6.65%. The 15-year FRM averaged 5.75%, up from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 5.89%.

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US inflation projected at 4.2% amid Iran war fears

By Tara Suter
The Hill
March 26, 2026
Category: Finance & Economics
Region: United States

US inflation is projected at 4.2% this year amid economic concerns surrounding the US-Israeli conflict against Iran, according to the Organisation for Economic Co-operation and Development (OECD). In a new report, the OECD made 2026 inflation projections for multiple countries, with the United Kingdom at 4%, Japan at 2.4%, Canada at 2.4% and the US at 4.2%. “The evolving conflict in the Middle East has human and economic costs for the countries directly involved, and will test the resilience of the global economy,” the OECD report reads. “A halt in shipments through the Strait of Hormuz and the closure or damage of energy infrastructure has generated a surge in energy prices and disrupted the global supply of energy and other important commodities, such as fertilisers,” it continues. …The current average price for a regular gallon of gas in the US is about $3.98, up about a dollar from last month, according to AAA.

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Another Bad Housing Idea -The mortgage bankers lobby wants a credit check race to the bottom.

By the Editorial Board
The Wall Street Journal
March 24, 2026
Category: Finance & Economics
Region: United States

The Trump Administration is scavenging for ideas to lower costs for home-buyers. One idea being considered is to ease credit checks for loans backed by Fannie Mae and Freddie Mac—that is, backed by taxpayers. Americans saw a version of this policy two decades ago, and it didn’t end well. Mortgage rates have dropped in the last year, but many Americans still can’t afford to buy a home. Enter the Mortgage Bankers Association, which is lobbying the Administration to let lenders underwrite mortgages based on a single credit report. The outfit says this would reduce borrower costs. Maybe, but taxpayers may pay a bigger price later if this results in more defaults. The Federal Housing Finance Agency currently requires lenders to pull three credit reports. …The real reason lenders want to eliminate the tri-merge requirement is so they can make more loans to borrowers with poor credit. [to access the full story a WSJ subscription is required]

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Recession odds climb on Wall Street as US economy shows cracks beneath the surface

By Jeff Cox
CNBC News
March 25, 2026
Category: Finance & Economics
Region: United States

Economists have pulled up their risk assessments of a U.S. contraction amid heightened uncertainty over geopolitical risk and a labor market that for the past year has shown strains over the past year. “I’m concerned recession risks are uncomfortably high and on the rise,” said Mark Zandi, chief economist at Moody’s Analytics. “Recession is a real threat here.” Twin concerns about growth and unemployment have triggered talk of stagflation, a characterization that Fed Chair Jerome Powell has rejected. But the threat of a prolonged war, pressure on consumers and a labor market that, outside of health care, lost hundreds of thousands of jobs last year has kept concerns elevated.

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Proposed Senate Bill Would Exclude Building Materials from Tariffs

By Marcus Dodson, Editor
Agriculture West Magazine
March 20, 2026
Category: Finance & Economics
Region: United States

According to a joint study from the American Institute of Architects, the Associated General Contractors of America, and ConstructConnect® News, tariff-driven cost increases are causing delays and cancellations for some projects across the country. …The NAHB has worked alongside Senators Jacky Rosen and Chris Coons to introduce legislation that would address the housing affordability crisis by creating an exemption process for building materials from tariffs. The Housing Tariff Exclusion Act would exempt many home building materials from President Trump’s current and future tariffs and allow importers to apply for tariff exemptions. …Though the Housing Tariff Exclusion Act has not been passed yet, it would be a boon to not only manufacturers, but also to the construction teams and homeowners across the country that have been unable to move forward with their projects due to the current leap in pricing. 

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US existing home prices have exceeded new homes prices for three quarters

By Onnah Dereski
NAHB Eye on Housing
March 23, 2026
Category: Finance & Economics
Region: United States

In the fourth quarter of 2025, the median price for a new single-family home was $405,300, which was $9,600 lower than the median price of an existing home, which stood at $414,900. This marks the third consecutive quarter for which existing home prices have exceeded new homes prices, according to U.S. Census Bureau and NAR data. Typically, new homes carry a price premium over existing homes. …Over the past five years, the gap has narrowed significantly, averaging just $23,300. Notably, beginning in the second quarter of 2024, this relationship reversed, with existing home prices exceeding new home prices in five of the past seven quarters. Both new and existing homes saw dramatic increases in prices post-pandemic due to higher construction costs and limited supply. While overall home prices remain elevated compared to historical norms, new homes prices have moderated due to tactical builder business decisions.

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Markets rally, then pull back after Trump and Iran give conflicting reports of talks

By Steve Kopeck
NBC News
March 23, 2026
Category: Finance & Economics
Region: United States, International

US stocks were set to surge at the opening bell Monday, after President Donald Trump announced that he was postponing all military strikes on Iranian power plants for a 5-day period. Iranian state media responded to Trump’s post by saying the US president has “backed down” after Iran’s firm response. Iran’s semi-official Mehr news agency also relayed a message from the nation’s foreign ministry that, “there is no dialogue between Tehran and Washington.” S&P 500 and Nasdaq futures initially soared about 3% on Trump’s post, but those gains faded to about 1.6% after the statements from Iranian media. …Oil prices also fell about 5%, with U.S. crude oil trading down to around $92 per barrel around 8:15 a.m. ET. International Brent crude oil fell to around $105 per barrel. Initially, oil prices had plummeted 10% on Trump’s post.

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New Home Sales Decline in January on Weather Disruptions

By Jing Fu
NAHB Eye on Housing
March 19, 2026
Category: Finance & Economics
Region: United States

New home sales declined in January, reflecting typical monthly volatility as well as weather-related disruptions. On a three-month moving average basis, sales remain broadly in line with a year ago, suggesting underlying demand conditions have been relatively stable despite the month-to-month fluctuations. Meanwhile, builders continue to rely on incentives to attract buyers and sustain demand. The January NAHB/Wells Fargo Housing Market Index showed that 64% of builders used sales incentives, marking the 12th consecutive month this share exceeded 60%. Sales of newly built single-family homes fell 17.6% in January to a seasonally adjusted annual rate of 587,000 from a downwardly revised December reading. The pace of new home sales is down 11.3% from a year earlier. On a three-month moving average basis, sales were 688,000, remaining broadly in line with the 685,000 pace seen a year ago.

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Fuel crisis: Higher diesel, shipping costs pile pressure on logging industry

By Radio New Zealand
The Country
March 25, 2026
Category: Finance & Economics
Region: International

NEW ZEALAND — The logging industry is warning that some companies could be on the brink as the conflict in Iran pushes up the cost of diesel. Logging operators say it’s increasingly difficult to get logs to port and if the situation drags on, export-reliant regions like South Canterbury and the west coast of the North Island could face shutdowns. The costs of shipping have risen dramatically, with rates going from roughly US$33 ($56) per cubic metre into China for March, through to about US$45 in April. Forest Management group director Glenn Moir said that would put some companies on the brink. “I can see that if it does continue, we’re going to face some real pressure in the higher-cost forests – so the ones that are further away from the market and have steeper country – just to make it economic.” There had been some huge cost pressures going through the chain.

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Wood, Paper & Green Building

New Hampshire Senate bill gives preferences to US lumber in state-funded building projects

By Adam Sexton
WMUR9
March 24, 2026
Category: Wood, Paper & Green Building
Region: United States, US East

CONCORD, New Hampshire  — A bill moving forward at the State House aims to address a decades-old discrepancy in how wood strength is rated. New Hampshire lawmakers approved Senate Bill 529, which gives preference to US-harvest lumber. The bill requires state-funded building projects to include design specifications for US-sourced spruce-pine-fir. …In the early 1990s, the U.S. and Canada developed separate systems to rate the strength of framing lumber. Canadian lumber is labeled SPF, while American lumber is labeled SPFs. SPFs ended up with a lower design strength value, even though the wood used on both sides of the border is nearly identical. …Over time, the difference in design specifications has given Canadian lumber a competitive advantage, putting Hampshire lumber at a disadvantage. While lawmakers can’t change international industry standards, they can influence how the state purchases lumber for its own construction projects.

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Milwaukee mass timber project, billed as nation’s tallest, reportedly faces foreclosure

Multifamily Dive
March 20, 2026
Category: Wood, Paper & Green Building
Region: United States, US East

The future of a Milwaukee high-rise once billed as “the tallest mass timber building in America” is in doubt after the general contractor sued the developer’s affiliates on March 6 for allegedly owing $11.3 million, the Milwaukee Journal Sentinel reported. Fond du Lac, Wisconsin-based C.D. Smith Construction seeks the foreclosure sale of the parcel at 1005 N. Edison St. Madison, Wisconsin-based developer Neutral stopped construction of the 31-story, 357-unit apartment building in September, according to the newspaper. The contractor is suing Neutral affiliates The Edison SPE and The Edison Project LLC. In October, a city official told the Milwaukee Journal Sentinel that the project faced a $25 million funding gap. The suit names 11 other firms that have filed for unpaid bills connected to the development, including Chicago-based Hartshorne Plunkard Architecture. Neither C.D. Smith Construction nor Neutral replied to Multifamily Dive’s request for comment.

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Forest Certification Gains Relevance Despite Shifting Consumer Focus, Study Shows

By Lara Emundts
European Supermarket Magazine
March 26, 2026
Category: Wood, Paper & Green Building
Region: International

Awareness of the Forest Stewardship Council (FSC) label for responsible forest management continues to rise in Germany, reaching 77% in 2025, a recent survey has indicated. According to the 2025 Global Consumer Awareness Survey, conducted by Ipsos on behalf of the FSC, recognition of the label has reached 77% among German consumers – up six percentage points since 2022. The study, based on more than 32,000 consumers globally, shows that 59% of German respondents trust brands more if they offer FSC-certified products. Across the DACH region, awareness remains high, particularly in Switzerland (81%) and Austria (68%). …The data reflects a broader behavioural shift: while environmental issues receive less public attention, consumers increasingly act on sustainability through everyday purchases. …For retailers and brands, the growing demand for credible sustainability claims is becoming increasingly significant.

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Sawdust waste turned into fire-resistant building panels, could reduce construction waste

By Bojan Stojkovski
Interesting Engineering
March 22, 2026
Category: Wood, Paper & Green Building
Region: International

SWITZERLAND — Across the global timber industry, vast quantities of sawdust are generated as a byproduct of processing wood. …Researchers at ETH Zurich have developed a method to transform this overlooked waste into durable, fire-resistant panels. By combining compressed sawdust with a mineral-based binder, the team has created a material suitable for interior walls and partitions. At the core of this new material is struvite, a mineral more commonly associated with wastewater treatment facilities than construction sites. While it is typically known for clogging pipes, struvite also possesses inherent fire-resistant properties. Its use, however, is far from straightforward: the mineral is highly brittle on its own, and achieving a uniform blend with wood particles presents a significant technical hurdle. ETH Zurich addressed this by using an enzyme derived from watermelon seeds to control how struvite crystals form and bind, resulting in a more stable material.

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Denmark’s Tallest Timber Tower Tests Circular Construction at Scale

By Petra Loho
Metropolis Magazine
March 20, 2026
Category: Wood, Paper & Green Building
Region: International

In Denmark’s second-largest city, a former industrial harbor—now redeveloped as a mixed-use district— hosts a roughly 260-foot-tall building that confronts one of architecture’s hardest questions: can the high-rise, arguably the most carbon-intensive urban typology, be rethought as a circular, low-emissions system? Recently completed, TRÆ is now recognized as the nation’s tallest timber structure, with mass timber at the heart of a broader experiment in material reuse and construction logistics across its approximately 3.62-acre development. The project is conceived as a prototype for how dense urban construction might reduce its dependence on carbon-intensive materials. The name is the brief. In Danish, træ means tree, timber, and three. …T1 reaches 256 feet and is joined by two six-story volumes. All are structured with cross-laminated timber (CLT) slabs and glulam columns anchored by concrete cores. The hybrid system balances timber ambition with structural and regulatory demands.

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European Paper Industries says recycling sector ready for ‘Made in Europe’ policy

By Brian Taylor, Editor
Recycling Today
March 20, 2026
Category: Wood, Paper & Green Building
Region: International

The Brussels-based Confederation of European Paper Industries (CEPI) has released a statement indicating the forests and “state-of-the-art recycling system” of Europe stand ready to serve European Union policies supporting “Made in Europe” objectives. “A ‘Made in EU’ competitiveness model should be anchored in sustainably sourced biomass, high quality recycled materials and European technological leadership across these sectors,” states CEPI. The forest products and paper sectors can help Europe “build a more resilient, future proof growth model,” continues the group, that can be less reliant on coal, gas and other fossil fuels. Among resources the continent has in abundance, according to CEPI, are “sustainably managed forests, efficient recycling systems and the industrial know how that powers them. This pragmatic approach aligns industrial policy with Europe’s bio-based, circular strengths and advances some of the Clean Industrial Deal’s (CID’s) original ambitions.”

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Forestry

As public blasts ‘weakened’ land protection laws, Nova Scotia government says tweaks coming

By Taryn Grant
CBC News
March 23, 2026
Category: Forestry
Region: Canada, Canada East

NOVA SCOTIA — Last month, Finance Minister John Lohr tabled the Financial Measures Act, an omnibus bill that amends 20 pieces of legislation. Among them are amendments to the Community Easements Act and Conservation Easements Act, creating two ways for property owners to undo easements on their land. Two weeks after tabling the bill, Lohr told reporters the government is working on adjustments to the easements clauses. …After criticism that new legislation weakens land protection laws, the provincial government says it will make revisions, but it’s not detailing what the changes will look like. …Woodlot owner Ron Melchiore called the bill’s amendments “an abomination” that would destroy his vision for his land. Melchiore also took issue with changes to the Forests Act that would remove a tax break for woodlands if they’re being used as a registered carbon sink and not for active forestry.

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Canadian working group plans to look at ways to improve recovery of forests after wildfires

CBC News
March 23, 2026
Category: Forestry
Region: Canada, Canada East

A national organization is seeking people with experience in Canada’s forestry sector as they put together a working group that will examine ways to improve forest recovery following wildfires. Jessica Kaknevicius is the CEO of Forests Canada. She said last year the group reached out to tree planting organizations, to ask them how they are changing their planting practices after forest fires. “We got a lot of insight in terms of this kind of gap of knowledge with how should we be planting differently?” “That’s everywhere from looking at species selection, to looking at how densely are we planting, health and safety of planters, where are we planting, all those things,” she said. “From that dialogue last year, what really came about was the need to bring together a national working group to share best practices, identify gaps, to get better trees in the ground, and really focus on survivability.”

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Congresswoman Hageman seeks to repeal Roadless Rule

By Aubrey Hale
SVI News
March 26, 2026
Category: Forestry
Region: United States

US Representative Harriet Hageman (R-WY) has introduced legislation that would nullify the 2001 Clinton administration Roadless Rule and permanently restore active forest management on National Forest System lands, saying the restriction has blocked access and increased the risk of catastrophic wildfires across the West. Hageman introduced the bill in Washington with original cosponsors including Representatives Troy Downing (R-MT), Celeste Maloy (R-UT), Pete Stauber (R-MN), and Tom Tiffany (R-WI). Her measure would codify the Department of Agriculture’s recent rescission of the Roadless Rule and direct future road construction to support missions such as timber harvesting, watershed management, and wildfire prevention. …Congresswoman Hageman framed the legislation as an effort to return National Forests to their original multiple‑use mandate. “Our Forest Service lands were always to be managed and providing commodities, a continuous supply of timber, a continuous supply of water to be used for grazing, multiple use, etc.,” she said.

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Amid Trump logging push, will Oregon enter new timber era?

By Zack Urness
The Statesman Journal
March 20, 2026
Category: Forestry
Region: United States

In Oregon… fights over how much to cut defined the 1980s and ’90s. Steep declines in timber harvest, meant to save Oregon’s last ancient forests, ripped an urban-rural divide that still festers. Today, Oregon still produces the most softwood lumber in the US. But the state’s timber harvest has hovered near historic lows, at least seven mills have closed since 2024 and logging on federal lands has been limited. President Trump’s administration wants to change that. …The moves have been met with cautious optimism in Oregon’s timber industry. …Environmental and outdoors groups, meanwhile, are gearing up to fight. …Battles between timber and environmental groups are quieter now than during the pitched height of the Forest Wars, but they never went away. A lot else has changed, however. Wildfires have become the state’s biggest issue, there have been historic agreements between the two sides and there’s a new industry, mass timber.

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Oregon Department of Forestry Scores Futuristic Wildfire Detection Airplane

By Peter Madsen
The Bend Source
March 25, 2026
Category: Forestry
Region: United States, US West

The Oregon Department of Forestry will be stationing a new, multi-mission airplane, equipped with technology out of a sci-fi movie, in Prineville — just in time for fire season. The Twin Otter, which some appreciators refer to as a “Twotter,” will relieve ODF’s Partenavia P.68 Observer airplane, which will be retired after more than three decades of use. Manufactured by de Havilland Canada, the Twin Otter was originally introduced in 1966 and is valued for its short takeoff and landing abilities and stable flight at slow speeds, which make the plane ideal for low-level surveys and data collection, according to the manufacturer. The Twin Otter comes with a $7.8 million price tag, yet its state-of-the-art sensing technology, which tacked on an extra $5.4 million, is what makes the plane a multi-mission aircraft. The plane will be kitted with AI-enabled, wide-area and augmented-reality mapping abilities, along with high-definition thermal imaging and night vision capabilities. 

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USDA Says It Needs Roads to Fight Remote Wildfires, but a New Study Says Roads Bring More Fire

By Zoë Rom
Inside Climate News
March 24, 2026
Category: Forestry
Region: United States, US West

When the US announced plans to rescind a rule limiting roadbuilding and timber harvests on national forests, officials called the repeal necessary to prevent and manage wildfires. But as the USDA prepares to release its draft environmental impact statement for the rescission, that justification is unraveling. And many critics of the move see the claim that roads are needed to fight fires in remote forests as cover for a giveaway to the timber industry. …Wildfires on federal lands average about five times the size of those in the rest of the country, leading some land managers to argue that national forests are a front line for fighting the nation’s steep increase in wildland blazes. Yet a new study has fire scientists, frontline firefighters, legal experts and the agency’s own historical record saying that roads don’t reduce wildfire risk; they multiply it. [see Three-decade record of contiguous-U.S. national forest wildfires indicates increased density of ignitions near roads]

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‘It’s going to take 100 years’: Ice storm fallout reshapes Northern Michigan forests

By Sheri McWhirter
Michigan Live
March 26, 2026
Category: Forestry
Region: United States, US East

MICHIGAN — A disastrous ice storm last spring gut-punched Michigan’s multi-billion-dollar forestry sector. One year later, experts say the damage from that storm – which coated and snapped trees with up to an inch of ice accumulation across millions of acres of Northern Michigan forests – will ripple through timber markets for decades. The March 28-30, 2025, storm wiped out years of future logging contracts and reshaped forestry plans across the heart of the state’s “wood basket.” “It’s going to take 100 years to get this sorted out,” said Dan Heckman, forestry planning and modeling specialist for the Michigan Department of Natural Resources. The storm was so disruptive to existing logging plans that the state had to recalibrate its latest 10-year forest management plan. Northern Michigan’s red pine plantations and aspen stands took the brunt of the damage. Public and private foresters have spent the past year trying to salvage what financial value they can. 

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Decade in the Making — Australia and NZ Launch Forest Valuation Standard

By Jason Ross
Wood Central
March 30, 2026
Category: Forestry
Region: International

Michelle Freeman

The first joint Australia and New Zealand Forest Valuation Standard was formally launched at the 2026 Forest Valuation Summit in Melbourne today, with Forestry Australia President Dr Michelle Freeman and New Zealand Institute of Forestry President James Treadwell cutting the cake in Melbourne. …The framework consolidates national standards last revised in Australia in 2010 and in New Zealand in 1999 into a single trans-Tasman benchmark covering plantation and native forests alike, developed with support from Forest and Wood Products Australia. The launch was accompanied by the release of the Australian Carbon Standard Exposure Draft — the first formal step toward standardising carbon accounting within the sector’s valuation framework. Dr Freeman said the milestone reached beyond valuation practice to forestry’s standing as a global asset class. “The merging of the separate country-level standards held by Forestry Australia and NZIF reflects the strength and value of ongoing collaboration and partnership between our countries, our industries and professional organisations.”

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Wood goes Europe – The new app of the domestic forestry and timber industry

Ministry of Agriculture and Forestry, Austria
March 25, 2026
Category: Forestry
Region: International

AUSTRIA — Why we all live from the forest is shown by the new app “Wood goes Europe.” The forestry associations of Upper Austria and Salzburg present this comprehensive app about the domestic forestry and timber industry, in which Torrent and Avalanche Control as well as the Protective Forest Center also participated as project partners. The app launches as a pilot project as part of the European Capital of Culture 2024 in Bad Ischl. It aims to bring the forest ecosystem closer to visitors of the Capital of Culture and the Salzkammergut region. The app is intended to make the services of the domestic forestry and timber industry and the forest accessible to everyone. …Through augmented reality (AR), some forest functions can even be brought into your living room. To activate the ARfunctions, you simply need to choose an avatar.

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Logging limits threaten Finland’s export industry

By Markku Björkman
PulpPaperNews.com
March 23, 2026
Category: Forestry
Region: International

Finland’s sawmill industry is warning of serious economic fallout if proposed restrictions on logging are implemented. According to industry representatives, between 3,000 and 4,000 jobs could be lost, while export revenues and overall economic activity may decline significantly. The debate follows calls from Finland’s climate and nature panels to reduce logging levels in order to meet climate and biodiversity targets. The proposal would cut annual harvest volumes by around 15 per cent by 2035. The industry group Sahateollisuus ry says the impact could be substantial. CEO Tino Aalto argues that limiting logging poses a direct threat to the sector. …He estimates that the total economic impact could reach around 3 billion euros, as both export revenues and income from timber sales decline. …At the same time, the sector is already under pressure. Rising raw material costs and weak demand have weighed on profitability. …The conflict between climate policy and industrial competitiveness is therefore set to continue.

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Australia’s forests are finally doing better — but ‘underwater bushfires’ hit oceans hard

By Albert Van Dijk, Shoshana Rapley and Tayla Lawrie
The Conversation AU
March 23, 2026
Category: Forestry
Region: International

Good rainfall across much of Australia in the past year has kept the vegetation green and rivers flowing. For the fifth year in a row, our national environment scorecard for Australia’s landscapes in 2025 rated them as “above average”. Queensland had an exceptionally wet year. The Channel Country river systems in southwest Queensland flooded spectacularly. …The biggest floods in at least 15 years, this flush of water triggered fish breeding and the arrival of waterbirds from across the continent. But underneath the ocean waves, it was a different story. Marine heatwaves and the algal bloom in South Australia were a disaster for Australia’s underwater ecosystems and their unique animals and plants. …But beyond the rainfall, there were real signs of progress. New detailed data on native forest loss and gain — a first in this year’s report — showed forest loss has declined for five consecutive years, with tree cover increasing nationally.

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A ‘shocking’ carbon discovery in Sweden’s forests

By Josie Garthwaite
Stanford School of Sustainability
March 19, 2026
Category: Forestry
Region: International

The boreal forest belt stretching across Scandinavia, Russia, Alaska, and Canada ranks among Earth’s largest carbon repositories. A first-of-its-kind study in Sweden finds wood harvesting and forest management are depleting carbon storage in these northern woodlands more than previously understood. Researchers found undisturbed primary forests store 83% more carbon per acre than the managed forests that are replacing them, with soil accounting for most of the difference. The world’s northern forests act as massive carbon vaults, locking away greenhouse gases in spruce, pines, and needle-covered soils. But industrial logging is quickly eroding their ability to mitigate climate change, according to a major new study led by scientists at Lund University and Stanford University. The biggest losses are happening in soils beneath the forest floor. …Major questions remain, including how much specific forest management practices may contribute to carbon storage capacity. Drainage ditches, plowing.

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Carbon, Climate & Bioenergy

Why Humans Still Burn Logs for Power

By Ben Parfitt
The Tyee
March 26, 2026
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

Drax, the U.K. company that operates the world’s largest wood-fired power plant, recently made headlines when it said that it will stop using trees cut down in Canada as part of its feedstock. But the move, which has been hailed by some in the environmental community as a huge milestone, won’t make an iota of difference on the ground in Canada — or anywhere else for that matter. That’s because Drax is both a major consumer and producer of wood pellets, which are burned like coal, natural gas and oil in thermal power plants around the world to produce electricity. …The company will shift to sourcing those pellets from elsewhere. …One consequential but almost completely ignored aspect of the Drax story is that “switching” from coal to wood hasn’t made so much as a dent in global demand for coal — or greenhouse gas emissions. In fact, worldwide use of both wood and coal continues to rise.

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BC Cuts Climate Agency, Sends Some Staff to Work on Pipelines

By Zoe Yunker
The Tyee
March 25, 2026
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

BC has quietly eliminated its Climate Action Secretariat, the long-running agency that produced and implemented climate policy across government ministries. In an email to staff, Peter Pokorny, deputy minister of energy and climate solutions, said that “to align with key priorities” some secretariat staff would move to new subject matter, including supporting LNG, pipelines and gas fracking. …Other staff will be moved to a newly formed “climate solutions” division, which will also bring in staff from the now-folded “energy decarbonization division.” The new division will focus on some of the secretariat’s previous responsibilities, including emissions accounting and efforts to reduce emissions in sectors like buildings, transportation and industry. …Stand.earth, described the move as part of the “slow-motion death” of the province’s climate plan, CleanBC. …The Ministry of Energy and Climate Solutions pushed back on the idea that it had eliminated the secretariat, instead referring to the cuts as a “reconfiguration.”

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Extreme heat has extreme effects–but some like it hot

By Alex Walls
UBC News
March 19, 2026
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

A sweeping new study of the 2021 heat wave reveals major ecological losses—but also surprising species that thrived, offering crucial insight into how climate extremes reshape ecosystems. …Some species did just fine during the 2021 North American heat wave, according to a new study published today in Nature Ecology and Evolution. With such events projected to become more frequent and intense due to climate change—and 2026 on track to be the hottest year ever—understanding these differing effects is vitally important, the researchers say. “The heat wave had widespread ecological effects, including an almost 400-per-cent increase in wildfire activity and negatively affecting more than three-quarters of the species studied,” said co-author Dr. Diane Srivastava, professor in the UBC department of zoology and Biodiversity Research Centre. …The researchers also found that cooler, wetter areas of the province were able to absorb 30% more carbon than usual, while warmer, more arid areas absorbed 75% less than usual. 

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Hydrogen at the pulp mill will not make it more efficient

By David Charbonneau
Armchair Mayor
March 19, 2026
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

The Owner of Kamloops pulp mill, Kruger, is partnering with two others to reduce greenhouse gasses by generating hydrogen on site and using it as fuel. It’s an interesting pilot project but it won’t increase efficiency or significantly reduce greenhouse gasses. Others are the project developer, Elemental Clean Fuels; and Sc.wén̓wen Economic Development, the economic arm of Tk̓emlúps te Secwépemc. Zachary Steele, chief executive of New York-based Elemental Clean Fuels, says: “We believe our approach, which has received years of thought, is the right solution in terms of safety and economics and operational capabilities to decarbonize our process.” The Economic Development arm of Kamloops Indian Band is equally enthused. …The $ 21.7- million project is seeking financing from Natural Resources Canada. …However, 7,000 tonnes is a small amount of the CO₂ produced by the mill, mostly by the lime kiln. 

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1000+ records fall in brutal March heat wave

By Dennis Mersereau
The Weather Network
March 22, 2026
Category: Carbon, Climate & Bioenergy
Region: United States

An unprecedented March heat wave that unfolded across western North America this week broke hundreds of monthly records from Mexico to British Columbia. Friday saw the United States’ all-time March temperature record shattered by several degrees. Numerous heat records even fell across portions of Canada. An extremely powerful ridge of high pressure centred over the US Southwest built summerlike heat across the western half of the U.S. and much of northern Mexico, with unseasonably warm readings even eking across the border into Canada. The scope and severity of this heat wave is unprecedented in modern records for this time of year. It’s almost certainly the most extreme North American heat wave since the infamous heat dome event of 2021. Nearly 700 monthly high temperature records have fallen over the past seven days across the western and central United States. 

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The new UN climate report is boring … except when it’s not

By Andrew Freedman
CNN Climate
March 23, 2026
Category: Carbon, Climate & Bioenergy
Region: United States

For more than 30 years, the United Nations World Meteorological Organization has told us how terrible things are getting with global climate change. Their annual “State of the Climate” report is a compendium of climate change facts and figures collected throughout the previous 365 days. It’s an authoritative look at the state of our global climate and its increasingly precarious condition. …This year’s edition, covering 2025, is out today. The findings are stark, even frightening. But, like every year, it also feels like a bit of a rehash. …The fact that the past 11 years were the hottest on record? Yawn. The announcement that greenhouse gases in the air are at unprecedented levels for all of human history? Wake me when you’ve got something new to report. …The findings should be jarring reminders of planetary vital signs flashing red. But similar observations were made last year … and the year before that.

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USDA Approves $25 Million Loan Guarantee For Biomass Gasification Project In California

By Erin Krueger
Biomass Magazine
March 24, 2026
Category: Carbon, Climate & Bioenergy
Region: United States, US West

The USDA on March 23 announced it will provide a $25 million loan guarantee under the Rural Development Timber Production Expansion Program to support a 3-megawatt (MW) biomass gasification project in California under development by Blue Mountain Electric Co. The loan guarantee will be used to finance a 3 MW gasification plant that will convert forestry biomass waste into synthetic natural gas through the process of thermochemical conversion. The total project cost is estimated at $42.2 million. According to USDA, the loan guarantee will support construction of the facility and provide working capital for operating expenses during the first year. In its announcement, the USDA also indicated there is a pending grant application for the project that has already been approved by the Efficiency Team. The agency said the guaranteed loan package had not been submitted at that time.

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Climate change is already happening in Colorado. Here are 10 signs we can see right now.

By Michael Booth
The Colorado Sun
March 22, 2026
Category: Carbon, Climate & Bioenergy
Region: United States, US West

COLORADO — Here is just a sampling of things happening right now in Colorado that we can’t attribute solely to climate change, but that we know will be happening more and more often precisely because of climate change. …State Forester Matt McCombs calls it “an end of innocence,” as he travels the state warning people of the unstoppable demise of beloved forest tracts. …The looming, climate-related loss of Colorado’s entire band of ponderosa forest truly worries Gent and his birding colleagues. …Matt McCombs is an eternal optimist about the collective: the gathering and harnessing of human intelligence and ingenuity in adapting to threats. But as the state forester, he knows too much about the looming death of Colorado’s entire ponderosa forest to be optimistic about the individual: This majestic specimen in front of him is doomed, and he points at a small eruption of sap to prove it. 

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Strengthen Energy Security: Add 10 Million Tonnes of Pellets in the EU

By Gustav Melin, Bioenergy Europe
EURACTIV
March 23, 2026
Category: Carbon, Climate & Bioenergy
Region: International

In this opinion article, Gustav Melin, Chairman of Working Group Industry, Bioenergy Europe and WTS AB, BKtech Group, explains how adding 10 million tonnes of sustainable pellets by 2030 would cut fossil gas dependence, strengthen EU energy security, and support stable renewable heat supply. …Europe must accelerate the transition away from fossil fuels, particularly imported fossil gas. The European Union still spends enormous sums every year on gas imports from outside the EU. This dependence exposes Europe to geopolitical risks, price volatility, and supply disruptions. Reducing fossil gas use must therefore be a central part of Europe’s long-term energy strategy. One of the most practical and immediately available solutions is to increase the use of sustainable bioenergy. Unlike fossil gas, bioenergy can largely be produced within Europe using resources from forestry, agriculture, and bio-based industries. Expanding bioenergy reduces the need for imported fossil fuels and strengthens Europe’s energy security.

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The EU court supports the green finance designation for biomass energy investments

EMP Energy Market Price
March 19, 2026
Category: Carbon, Climate & Bioenergy
Region: International

The EU’s General Court has rejected a legal challenge aimed at reversing the European Commission’s decision to categorize forest biomass energy as a sustainable investment within the bloc’s green finance framework. The court’s decision, issued on 18 March 2026 dismissed an attempt to annul a Commission ruling from July 2022, which had turned down a request for an internal review of Delegated Regulation (EU) 2021/2139. This regulation set the technical criteria for determining which forestry management and bioenergy practices can be regarded as environmentally sustainable. The plaintiffs, including Robin Wood and six other environmental NGOs, contended that the Commission’s designation of forestry and forest bioenergy as sustainable was illegal and violated EU legislation, particularly the Taxonomy Regulation. These rulings affirm that the Commission possesses significant discretion in establishing and implementing the taxonomy’s technical criteria, allowing politically sensitive sectors like bioenergy.

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Health & Safety

Mother of mechanic killed on the job calls for change as charges are laid

By Wallis Sharpe
CBC News
March 20, 2026
Category: Health & Safety
Region: Canada, Canada West

Ryan Sharpe

Two years after an Edmonton man sustained fatal injuries while on shift at a northern Alberta pulp mill, workplace safety charges have been laid in his death. Ryan Sharpe, a heavy duty mechanic, died March 13, 2024, while servicing a wheel loader at the pulp mill in Slave Lake, about 450 kilometres north of Edmonton. The 30-year-old was positioned underneath the Caterpillar heavy construction machine, which was elevated on wooden blocks, when it unexpectedly shifted. He died of his injuries. Provincial safety investigators announced charges in his death earlier this month, alleging the companies involved in Sharpe’s work at the pulp mill failed to ensure his safety. Pacesetter Equipment and West Fraser Mills operating as Slave Lake Pulp are facing a total of five counts under the Occupational Health and Safety Act.  Sharpe’s mother, Terri-Lynn Sharpe, said, “I’m still trying to process the charges but hoping that they make a difference.”

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More than 100 daily high temperature records are expected through Sunday, forecasts show

By Emily Mae Czachor
CBS News
March 26, 2026
Category: Health & Safety
Region: United States

High temperatures are expected to continue baking large sections of the U.S. through the end of the week, potentially setting more than 100 new daily temperature records between Thursday and Sunday, forecasts show. Temperatures were forecast to linger around 30 or 40 degrees above average in a number of southwestern and Central states, continuing a trend that began earlier in the week as a massive heat wave expands further into the western two-thirds of the country, said CBS News meteorologist Nikki Nolan. Indianapolis reached 81 degrees Fahrenheit on Thursday, breaking a 1907 record of 80 degrees, the National Weather Service said. …The heat wave that initially brought unusual warmth to the West last week has been slowly moving eastward, with forecasts indicating it would arrive on the southeastern coast by Friday. Along the way, it may fuel a series of potentially severe storms across parts of the Midwest. 

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Forest Fires

Louisiana remains ‘tinderbox’ for wildfires after Winn fire contained

By Greg Hilburn
Shreveport Times
March 19, 2026
Category: Forest Fires
Region: United States, US East

A wildfire that destroyed about 1,500 acres of mostly timberland in Winn Parish was contained Thursday morning, but Louisiana Agriculture and Forestry Commissioner Mike Strain said the state remains “an absolute tinderbox.” Strain said his forest firefighters and personnel from other local and state agencies battled the Winn Parish fire until 10 p.m. March 18. He said the Winn fire bordered Louisiana 34 and primarily damaged timberland owned by Weyerhaeuser. “The high winds caused the fire to keep jumping our fire lines,” Strain said. He said investigators believe the fire was started from sparks from a blown tire on an 18-wheeler. The Winn fire follows recent large wildfires in Livingston Parish and St. Tammany Parish, which caused Interstate 12 to be temporarily closed. Strain said there already have been 350 wildfires in 2026. There are an average of 752 fires for an entire year in Louisiana.

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