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.
While Canada’s economy is far more reliant on exports to the US than vice versa, Canadian negotiators have crucial ammunition in their efforts to land a trade deal that reduces or eliminates tariffs imposed by US President Trump. …Canada’s attempts to negotiate relief from Trump’s tariffs on such exports as steel, aluminum, automobiles and softwood lumber are now wrapped into fresh talks on renewing the Canada-US-Mexico Agreement (CUSMA). …Barry Appleton, says Canada needs to shift its strategy by exerting its leverage as a crucial U.S. customer. …Inu Manak, says the US needs Canadian natural resources to achieve the industrial policy goals set out by the US administration. …Canada is among the top sources of foreign direct investment in the U.S., largely as a result of decisions by pension funds. …The US has repeatedly emphasized the importance of steady access to a reliable supply of critical minerals.
Trade watchers say they are shocked at the latest tactic being used by the US to shore up its tariff wall against Canada after a legal setback last month. US Trade Representative (USTR) launched investigations into 60 economies under Section 301(b) of the U.S. Trade Act of 1974 to determine whether they have failed to impose or enforce bans on imports produced with forced labour. But critics in the Washington beltway say the 301 probes are basically a “show trial” and that the verdict is sure to go against trading partners such as Canada. Canada is being grouped together with China and dozens of other countries for these investigations. The probes will examine whether Ottawa’s forced-labour rules and framework… are sufficient for screening goods produced by child or forced labour. …“This has nothing to do with forced labour,” said Inu Manak, at the Council on Foreign Relations. …He thinks the administration is constructing a pretext to defend the tariffs it’s already planning.
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. 
NANAIMO, BC — Snuneymuxw First Nation is calling for a temporary closure and environmental investigation of a hazardous waste services company following a January oil spill on Duke Point near Nanaimo, BC. City of Nanaimo staff were informed of oily residue near a storm drain close to the Duke Point Ferry Terminal on Jan. 5. Staff said the spill originated from a business in the nearby industrial park, and a BC Ministry of Environment spokesperson said there was an estimated 350 to 1,600 litres of oil sheen on the water between Duke Point and Mudge Island. …The First Nation, along with a Feb. 19 statement from the Ministry of Environment, said the industrial park business Environmental 360 Solutions was responsible for the spill. …Snuneymuxw Chief Michael Wyse Feb. 6 urged governments to take action to address polluting activities in their territory.b…Western Forest Products said the company has implemented multiple measures to manage “wood and wood particle water discharge.”
USW members voted overwhelmingly this winter to ratify a new four-year master agreement that provides significant annual wage increases and additional benefits for about 2,400 members of nine local unions at Domtar paper facilities across the United States. The contract, which runs through December 2029, followed months of member preparations and bargaining during a period of major changes in the company and across the paper industry. It was the first time USW members bargained a new agreement since Paper Excellence acquired Domtar in 2021 and then Resolute in 2023. …“With new ownership and leadership at the table, we knew this round of bargaining would be challenging,” said International Vice President Luis Mendoza, who oversees the union’s paper sector. …The agreement… included a signing bonus, a boost in pension payments, wage increases of more than 12% over the life of the contract, and continued affordable health care coverage.
If you want to understand why the American starter home seems to have gone extinct, don’t look at greedy developers, rapacious investors or discriminating banks. Look at the government policies that make building these homes all but impossible. New research puts hard numbers on one part of the problem — and they’re staggering. …Federal, state and local governments have accelerated this decline by increasing construction costs through several channels. …In some cities, such as Los Angeles, the time it takes to get building permits amounts to almost half the construction time. …Land in many localities is made artificially expensive by regulations that dictate home sizes, yard sizes, building setbacks, parking and more. …Federal policies pile on more costs. …Canadian lumber, for example, is roughly 80% of all US imports and is currently subject to “trade remedy” taxes of more than 25%. Similar duties cover a wide range of products that US homebuilders use every day.
WASHINGTON — The Senate passed a bill Thursday aimed at boosting the supply of housing and bringing down prices, marking a rare bipartisan breakthrough on a major issue. The 21st Century ROAD to Housing Act, written by Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass., won 89 votes. Ten senators voted against it. Scott is the chairman of the Banking, Housing, and Urban Affairs Committee, and Warren is the ranking member. The 
METCALFE, Georgia — Plantation Pine Products officially opened their doors at the former site of Hood Industries, signaling an exciting new chapter in a timber mill with a storied history. …The $25 million investment is set to provide 100 jobs, with the first mill employees reporting for duty in July, when it will once again come alive. Operated by Steve Conner, Plantation Pine Products will be one of the many “bread and butter businesses” of Thomasville. …“Forestry is woven into the fabric of rural Georgia in a way that no other industry can match,” Michelle Shaw said for the Georgia Department of Economic Development. …The reopening of the mill comes at a crucial time following the devastation of Hurricane Helene in 2025 and reinforces the resiliency of timber producers across Georgia.
KINGSPORT — Domtar’s Kingsport mill told the Tennessee Department of Environment and Conservation that it will try a method to improve wastewater quality at its wastewater lagoon this week. The mill said it will add an oxidant near the outlet of the lagoon’s settling zone for about 30 days to see if it would improve the effluent water quality. “It will be fed at a low rate of approximately 1 [part per million] with monitoring and testing being done at our effluent sample point before the discharge to the river,” the letter states. The mill has also tried chemical treatments and injecting liquid oxygen to address sulfuric odors attributed to the 25-acre wastewater lagoon.It is currently constructing a new wastewater treatment system, an anaerobic digester, to address wastewater odors attributed to the mill. Construction is expected to complete near the end of 2026.
Ukraine’s state forestry sector has reported its strongest financial performance to date. Despite operating during wartime conditions, the industry delivered a significant increase in profitability last year. The results were announced during the annual public report presented by Viktor Smal, head of the State Forest Resources Agency of Ukraine. According to the report, the state enterprise Forests of Ukraine generated net profits of UAH 6.9 billion, equivalent to approximately US$167 million. The result represents a 2.76-fold increase compared with 2024. The achievement is considered a milestone for the country’s forestry management system. Industry leaders attribute the growth largely to procurement reforms introduced after 2020. These reforms were designed to improve transparency and reduce financial leakage within the sector. …Profitability within the forestry industry also improved considerably. The sector recorded an overall profitability rate of 22.8%. This figure increased by 12.3% points compared with earlier results.
The outsized impact that oil prices have on the global economy means higher fuel and energy prices are all but guaranteed for many countries, not just those in the conflict region. …In the forest products sector, softwood lumber trade is one of the most directly exposed segments. Europe accounts for about one-third of the global softwood supply. Sweden and Finland are among Europe’s top exporters, along with Germany and Austria. …Lumber shipments out of Europe rely heavily on shipping routes through the Mediterranean, the Suez Canal, and the Gulf. Shipping costs are expected to escalate as fuel prices and risk premiums rise. Spikes in freight and insurance, along with rising energy costs in production and transport, could quickly start to make Nordic lumber less competitive while tightening margins. …Prolonged disruption in that region could force Nordic lumber producers to redirect volumes to Europe, North Africa, and Asia, causing price pressures in those markets.
The Bank of Canada held its benchmark interest rate at 2.25% today as the economy performs below expectations, but war in the Middle East threatens higher inflation. The central bank’s decision to keep to the sidelines today was widely expected, but the future path for the policy rate is much less clear. Governor Tiff Macklem says in prepared remarks that the Bank of Canada is in a “dilemma” with U.S. trade uncertainty keeping the economy soft, but the Iran war sending global oil prices surging and likely spurring higher inflation in the months to come. Macklem says the central bank will look through the immediate inflationary hit from the war, but monetary policymakers will move to prevent persistent price hikes if the conflict persists or broadens. Statistics Canada reported an economic contraction in the fourth quarter of the year and sharp job losses in February.
Mercer posted Q4 earnings per share (EPS) of -$4.61 against a consensus estimate of -$0.83, a miss that signals the commodity cycle has gone from painful to existential. The headline driver was a $238.7 million non-cash impairment charge, including a $203.5 million write-down on its Peace River hardwood pulp mill. …International Paper’s Q3 2025 losses look alarming on the surface, with a $1.01 billion impairment on its Global Cellulose Fibers business and $675 million in accelerated depreciation from mill closures. But adjusted EBITDA came in at $859 million, up 28% sequentially. IP is taking pain by choice. Mercer is absorbing pain it cannot control. …IP’s pivot to pure-play global packaging via DS Smith gives it pricing leverage and diversified end markets. Mercer’s mass timber order book, at roughly $163 million in contracts including data center projects, is a genuine bright spot, but it cannot offset a pulp business bleeding cash.
Canadian housing starts posted a modest rebound in February, but economists and industry data pointed to a market still losing momentum beneath the surface. The latest figures suggest builders are working through earlier project decisions while facing weaker demand, higher costs and a darker macro outlook. Canada Mortgage and Housing Corporation (CMHC) reported that the seasonally adjusted annual rate of housing starts rose 4.5% month over month to 250,900 units in February. That’s up from a revised 240,148 in January. The six‑month trend – a moving average used to smooth volatility – inched up just 0.4% to 256,005 units, essentially flat. …“Looking ahead, we expect heightened levels of business uncertainty and construction costs to weigh on the rate and trend of housing starts in the near‑to‑medium term.” …Among Canada’s largest centres, Montreal posted an 
Lumber futures climbed past $600 per thousand board feet as stabilizing housing sentiment and tightening production capacity across North America reversed a two month downward trend. The NAHB Housing Market Index edged up to 38 in March with buyer traffic and future sales expectations showing marginal gains despite persistent economic uncertainty. While 37% of builders continue to offer price cuts to attract buyers the market is finding support from a 29.1% surge in multifamily housing starts and a 7.2% rise in total residential construction activity. On the supply side mill closures and elevated duties on Canadian imports are projected to remove over 1.3 billion board feet from the market this year. Geopolitical tensions in the Middle East further pressure the outlook as rising energy costs inflate transport and shipping expenses for global timber. These factors suggest a shift toward a supply constrained environment that offsets the impact of high mortgage rates.
Canada’s unemployment rate rose to 6.7% in February as more people looked for work and the economy shed 84,000 jobs, according to the latest report from Statistics Canada, released Friday. The country’s employment rate fell 0.2 percentage points to 60.6%, the second consecutive monthly decline. …Nearly 23% of the 1.5 million people who were unemployed in February were in long-term unemployment and had been continuously searching for work for 27 weeks or more. Statistics Canada said that percentage was little changed from a year ago, but “significantly above” the pre-COVID-19 pandemic average of 17.1% recorded during 2017-19. Economists had been expecting a gain of 10,000 jobs in February but the numbers were “weaker than expected,” said Andrew Hencic, director and senior economist at TD Economics. “Looking forward, we are expecting the labour market to tread water in 2026, as a rapid slowdown in population growth drags on labour supply, and soft economic momentum limits hiring,” he said.
Lumber increased to 602.00 USD/1000 board feet, the highest since February 2026. Over the past 4 weeks, Lumber gained 1.1%, and in the last 12 months, it decreased 9.51%.
OTTAWA–Housing starts in Canada are set to decline over the next three years due to higher construction costs, weaker demand and elevated levels of unsold inventory, the country’s housing agency said Wednesday. The outlook from Canada Mortgage and Housing Corp. represents another setback for the country’s residential real-estate sector, where prices and sales have declined following a prolonged period of strength fueled by immigration. It’s also a sign that, unlike in the recent past, housing-market activity won’t help propel the Canadian economy into a higher gear. Canada’s economy is struggling with slow growth, with manufacturers under duress from hefty U.S. tariffs. Furthermore, firms are scaling back spending and hiring plans as the future of a North American trade treaty is in doubt. CMHC said in a report that it expects housing starts to drop during the 2026-to-2028 period. [
Canada’s housing agency says the country made “meaningful” supply gains last year thanks to record rental construction and more “missing middle” type housing, however short-term imbalances remain for several markets. Housing construction rose 6% year-over-year in 2025 to 259,000 units, with activity exceeding the 10-year average across most major markets, according to CMHC’s spring housing supply report. …Rentals drove overall new housing supply in Canada last year, with the number of rental units under construction nearly doubling the 10-year average. …The trend led to increased vacancy rates and slower rent price rises compared with recent years. The report also highlighted the growth of “missing middle” housing — a term referring to gentle-to-medium density types such as accessory suites, multiplexes, row homes, stacked townhouses and low-rise apartments, which have often been under-represented in new supply. …Despite some encouraging trends, particularly for the rental market, housing construction for the home ownership market weakened overall.
WASHINGTON — Federal Reserve officials, convening in a wartime setting that began less than three weeks ago, are expected to hold interest rates steady on Wednesday even as a fresh jump in oil prices and data showing a rise in some aspects of inflation even before the start of the war with Iran may prompt them to recast the outlook for the U.S. economy, inflation and monetary policy. New projections to be released by the U.S. central bank at 2 p.m. EDT (1800 GMT) will show how policymakers assess the economic impact of President Donald Trump’s decision to launch an open-ended conflict in the Middle East, but the environment remained volatile even as they began the second day of their latest two-day policy meeting. …US producer prices rose in February by 3.4% on a year-over-year basis. Rising producer prices can feed into retail costs and signal higher future inflation.
WASHINGTON — The US economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate. Growth in gross domestic product — the nation’s output of goods and services — was down sharply from 4.4% in last year’s third quarter and 3.8% in the second. And the fourth-quarter number was half the government’s first estimate of 1.4%; economists had expected the revision to go the other way — and show stronger growth. Federal government spending and investment, clobbered by the shutdown, plunged at a 16.7% rate, hacking 1.16 percentage points off fourth-quarter growth. For all of 2025, GDP grew 2.1%, solid but down from an initial estimate of 2.2% and from 2.8% in 2024 and 2.9% 2023.
US applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market. The number of Americans filing for jobless aid for the week ending March 7 fell by 1,000 to 213,000 the previous week, the Labor Department reported Thursday. Analysts surveyed by the data firm FactSet forecast 215,000 new benefit applications. Filings for unemployment benefits are viewed as a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market. While weekly layoffs have remained in a historically low range mostly between 200,000 and 250,000 for the past few years, a number of high-profile companies have announced job cuts recently, including Morgan Stanley,Block, UPSand Amazon in recent weeks. …For now, the U.S. job market appears stuck in what economists call a “low-hire, low-fire” state that has kept the unemployment rate historically low, but has left those out of work struggling to find a new job.
Timber imports into the United Kingdom declined to their lowest level in more than ten years during 2025. The data was reported by Timber Development UK (TDUK), the industry body representing the national timber supply chain. According to the organisation’s latest market review, total timber imports reached 9.1 million cubic metres in 2025. This figure represented a 2.2% decrease compared with the previous year. …Timber demand in the United Kingdom has now remained relatively flat for four consecutive years. …Softwood remains the dominant component of the UK timber market. The material accounts for approximately 61% of total timber imports. However, softwood imports declined by 4% during 2025. …Several traditional suppliers exported smaller volumes to the UK. Other suppliers partially offset these declines. Imports from Latvia and Finland increased during the same period. …Performance within the engineered wood category was uneven. Laminated veneer lumber and timber I-beams both recorded steady growth during the year.
TORONTO — Bespoke Metrics announced the finalization of its Mass Timber Project Scoring Methodology, following the close of a public comment period. Bespoke Metrics was engaged by the Climate Smart Buildings Alliance and the Canadian Wood Council, through the Mass Timber Insurance Action Plan, to develop this methodology as part of broader efforts to enhance transparency, comparability, and insurability in the use of sustainable construction materials. By standardizing how mass timber experience and risk management practices are evaluated, the framework supports more informed decision-making among owners, insurers, and lenders. …Mass timber presents significant opportunities as a lower-carbon building material, but it also introduces unique risk factors–including combustibility considerations, moisture sensitivity, supply chain constraints, and a more limited pool of experienced subcontractors and suppliers. The finalized methodology is designed to ensure these factors are consistently and transparently reflected in contractor risk assessments. …The final methodology is 
COLORADO — The Archuleta County Board of County Commissioners (BoCC) unanimously voted to table its decision on adopting eight new building-related codes. Those are the 2024 editions of international codes, including the residential code, building code, energy and conservation code, mechanical code, fuel and gas code, existing building code, property maintenance code, and the swimming pool and spa code. During the meeting, the BoCC also considered, and unanimously approved, Resolution 2026-27, adopting the 2025 Colorado Wildfire Resiliency Code (CWRC), along with amendments to snow load requirements for manufactured structures. …Commissioner John Ranson described them as an “unfunded mandate,” adding, “there’s no two-ways about it.” He mentioned that in conversations with local builders, many are preparing for these codes to make construction costs go up.
HELSINKI, Finland — A groundbreaking investigation by researchers at the University of Helsinki is shedding new light on the relationship between wood surface treatments and bacterial survival, revealing profound implications for both public health and material science. The study meticulously analyzed how untreated and chemically treated wood surfaces influence the adhesion, survival, and transmission of bacterial species commonly found in indoor environments. This research challenges conventional perspectives on surface hygiene and opens avenues for reconsidering material use in everyday settings ranging from homes to healthcare environments. The research primarily focused on two bacterial species: Staphylococcus epidermidis and Pseudomonas aeruginosa. …By studying these organisms, the research team was able to capture a spectrum of bacterial behaviors and survival strategies on different wood substrates. …Although the study’s scope was limited, its findings offer valuable preliminary insights into the wider implications of material selection in construction and interior design.
At the Natural Resources Forum in Prince George, the Council of Forest Industries announced its new platform entitled “Forestry is a Solution”. It is asking British Columbians to voice their support for forestry workers by pushing the BC government to speed permitting and access to timber but the main problem is that much of the timber needed does not exist because of decades of over-cutting. That is why more than 100 mills in BC have shut down since 2005. What COFI is really asking for is more access to protected areas, fire- and insect-damaged forests and the very modest and dwindling areas of remaining, unprotected old growth forests. …What is needed now are some major changes in how forests are monitored and trees allocated, with a lot less cutting and no cutting in primary forests whether old growth or fire or insect-damaged forests. …But what is allocated for cutting must make ecological sense.
North Cowichan has a looming water crisis. A permanent closure of the Crofton Pulp Mill and the shutdown of the pulp mill supply system would result in the diversion of most of North Cowichan’s future development water to supply water to Crofton. As a former process engineering and environmental supervisor at the mill…. my solution would solve the looming Cowichan Valley water crisis regardless of the mill situation. First, the province should revoke the mill water licence and assign it to the CVRD. Second, the CVRD would purchase the pulp mill water supply system from Domtar with a contractual obligation with Domtar that the pulp mill would continue to be provided with water at the CVRD‘s cost of operation. Third, The CVRD/North Cowichan/Duncan/Ladysmith… would install a new water supply distribution system from Ladysmith to Cobble Hill using the old E&N railway grade and the Crofton pulp mill spur line.
The invasive spotted lanternfly, which can cause damage to many plants, has been detected in a few Tennessee counties. …The adult female spotted lanternfly lays egg masses in September through November on host plants and other smooth surfaces, such as railroad ties, rocks, lumber, downed limbs and logs. Egg masses survive cold winter temperatures, and the first instar nymphs begin emerging in the spring. The nymphs mature through the spring and early summer before becoming adults in the beginning of June. The first, second and third instars feed on a variety of host plants. The fourth instars and adults prefer tree of heaven, grapes, black walnut, silver maple, red maple and willow. …“The best way to control spotted lanternfly outbreaks is to prevent them,” said Midhula Gireesh, University of Tennessee Extension specialist in the Department of Entomology and Plant Pathology. For more, refer to the UT Extension publication 
From the moment he became BC’s forests minister, Ravi Parmar has been under pressure to increase logging rates in the province. One way he has decided to do that is by expediting the logging of forests burned in recent wildfires. He issued the Fort Nelson First Nation a new licence to log 100,000 cubic metres of trees in burned forests in BC’s remote northeast corner. …A number of industry associations, including the Council of Forest Industries, asked him to set “definitive, aggressive timelines for completion” of plans to accelerate logging in burned forests. …But increasing “wildfire salvage” of forests, Parmar is travelling down the same road that has seen BC’s logging rates plummet by more than half since the heyday of the 1980s. …Accelerated logging of burned trees may help bend the curve, but history shows that it is short-lived and comes at the cost of degraded ecosystems and even sharper declines ahead.
Years after logging at his Mariaville woodlot, Bob Seymour expected to see new hardwood trees growing in the understory. In fact, he took it as a given after decades in the Maine woods that natural regrowth would crop up. Instead, almost all of the young trees in some sections are eastern white pines he had planted. He believes that’s largely because deer populations are growing and eating more hardwood saplings, which means fewer trees and less diversity in the future. …It’s one of the most concerning changes that Seymour, a retired UMaine silviculture professor, has seen in almost five decades of experience researching forest management. …Such challenges to understanding and managing the Maine woods have grown in recent years amid climate change, which has brought destructive new pests, fast-moving diseases, invasive plants that take over, and warmer winters that change growing, harvesting and wildlife conditions.
A key plank of Canadian Prime Minister Carney’s climate plan will likely miss its target implementation date, industry sources said, raising new doubts about Canada meeting its environmental goals in the face of higher oil prices and uncertain US trade policy. Carney, a former UN climate envoy, committed last fall to negotiating a stronger industrial carbon pricing policy with Alberta by April 1. He is counting on a strengthened pollution pricing scheme to keep Canada’s emission reduction targets on track after rolling back many of his predecessor Trudeau’s climate policies to restore friendlier relations with the oil-and-gas producing province and prioritize economic growth. Two industry sources say these negotiations have been challenging, and that no deal will be struck by the April 1 deadline because large oil sands companies are pushing back on parts of the federal proposal. …Natural Resources Minister Tim Hodgson has acknowledged there may be a slight delay.
With the April 1, 2026, deadline for the Alberta-Ottawa memorandum of understanding fast approaching, leading climate policy experts are calling on Prime Minister Mark Carney to restore the strength and integrity of Canada’s industrial carbon pricing system to increase competitiveness and reduce greenhouse gas emissions. The 
President Trump has invited farmers and biofuels producers to the White House for a big event next week as the industry awaits the government’s announcement on mandates for the fuel additives. The “celebration of agriculture” event is scheduled for March 27. The invitation said: “Later this month, following National Agriculture Week, President Trump plans to host hundreds of farmers and ranchers from around the country on the South Lawn to shine a spotlight on the men and women growing our food, fiber, and fuel.” The US Environmental Protection Agency’s decision on biofuels is expected around the end of March. The renewable volume obligations, or RVOs, mandate how much biofuel, such as corn-based ethanol and biodiesel, must be blended into the nation’s fuel supply. Next week’s meeting could have an impact on the markets amid speculation on the RVO decision coming later this month.
COCHRANE, Alberta — West Fraser Mills has been charged in relation to a workplace death in Alberta 