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Business & Politics

Trump’s tariffs to remain in effect after appeals court grants stay

By Dietrich Knauth and Sarah Marsh
Reuters
May 30, 2025
Category: Business & Politics
Region: Canada, United States

A federal appeals court temporarily reinstated the most sweeping of President Trump’s tariffs, a day after a US trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. The United States Court of Appeals for the Federal Circuit in Washington said it was pausing the lower court’s ruling to consider the government’s appeal. Wednesday’s surprise ruling by the US Court of International Trade had threatened Trump’s Liberation Day tariffs and additional tariffs on goods from Canada, Mexico and China. The trade court ruled that the Constitution gave Congress, not the president, the power to levy taxes and tariffs, and that the president had exceeded his authority by invoking the International Emergency Economic Powers Act. …Trump administration officials had said they were undeterred by the trade court’s ruling, saying they expected either to prevail on appeal or employ other presidential powers to ensure the tariffs go into effect.

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How to win a trade war: Canada, Trump and a delicate dance in asymmetric warfare

By Andreas Schotter, Adam Waterous, Jack Mintz, Munir Sheikh & Ian Robertson
The Globe and Mail
May 30, 2025
Category: Business & Politics
Region: Canada, United States

Canada continues to stare down the barrel of the American trade war. The United States-Mexico-Canada Agreement faces its first big review in 2026. This country remains in a uniquely high-stakes moment. …This will, and will always be, an uneven fight. Canada is 40 million people and only the world’s ninth largest economy. A middle power is going up against the world’s richest and most powerful country. How exactly is it even possible for Canada to win in this asymmetric trade war? Crucially, this conflict isn’t just about steel, soybeans or softwood lumber – it’s about narrative and power. …US President Trump frames trade deficits as proof that the US is “losing”:

  • Give Trump some face-saving concessions that look like a win for him
  • Use oil, Canada’s unique economic hard power
  • Play defence: Reform our corporate tax regime
  • Northern gambit: Arctic crisis for trade leverage

[to access the full story a Globe and Mail subscription is required]

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Ottawa not looking to ‘penalize’ Canadian firms offshoring jobs to US

By Sean Boynton
Global News
May 27, 2025
Category: Business & Politics
Region: Canada

The federal government has no plans to use legislative tools to penalize Canadian businesses for offshoring jobs to the United States or other countries to avoid American tariffs, the finance ministry says. The clarifying statement comes after Unifor urged Ottawa last week to use existing measures to prevent the loss of Canadian jobs to south of the border, and strengthen the law through legislative amendments. “The government is not implementing legislative tools to penalize Canadian companies who relocate abroad,” a finance ministry official said. “On the contrary, the government has put in place measures to support Canadian companies so they can continue to do business at home.” …The statement comes as Parliament returns for its first session in more than five months, finally allowing legislators to consider measures to respond to US President Trump’s trade war with Canada.

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Ontario First Nations leaders warn of ‘conflict on the ground’ if controversial Bill 5 passes

By Ethan Lang
CBC News
May 26, 2025
Category: Business & Politics
Region: Canada

Ontario First Nations leaders say they want the province to kill a controversial bill. Bill 5, or the Protect Ontario by Unleashing our Economy Act, includes major changes to the province’s endangered species and environmental protection laws. The bill would create “special economic zones” that would suspend laws for certain projects. Premier Ford has said the Ring of Fire mineral deposit in northern Ontario and his proposed tunnel under Highway 401 would be given that special status under the proposed law. The bill has drawn criticism from First Nations, environmentalists and legal advocates. …Alvin Fiddler, grand chief of Nishnawbe Aski Nation, said if the bill is passed, First Nations communities will take a stand. …The Ford government has said the bill is intended to speed up approvals as an urgent response to the economic threats posed by President Trump and his tariffs. ….Energy and Mines Minister Stephen Lecce said Monday that the province is willing to consider changes.

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US Lumber Coalition and American Loggers Council Disappointed by CNBC Inaccurate Reporting on US Softwood Lumber Cost, Import Duties and Housing Affordability

The US Lumber Coalition
May 22, 2025
Category: Business & Politics
Region: Canada, United States

“The coverage by CNBC entitled ‘Why The U.S. Might Increase Duties On Canadian Lumber Again‘ is disappointingly one-sided reporting from a business news network. The claims made in the piece asserting that lumber price volatility and import duties on lumber are pricing consumers out of the market are false,” stated Andrew Miller, Chair of the US Lumber Coalition. The reporting included views of Canadian analysts and US homebuilding representatives but, crucially, did not include input from US lumber producers nor US loggers. “Lumber accounts for a very small share of the sales price of a newly constructed home, typically 1%-2%.” …”Commodities other than lumber have seen much larger price increases, including building materials such as iron & steel & concrete,” stated Zoltan van Heyningen, Executive Director. …”We support President Trump’s plan to further increase the supply of Made in the U.S.A. softwood lumber to build U.S. homes,” concluded Miller.

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US Home Builders Cite Impact of Tariff Uncertainty on Home Building

National Association of Home Builders
May 22, 2025
Category: Business & Politics
Region: Canada, United States

Tariff uncertainty from the Trump administration continues to impact home builders across the country, as builders prepare for potential price hikes and supply chain issues. …Lumber remains a primary concern, with countervailing and antidumping duties expected to more than double this fall. Steve Martinez, president of Tradewinds General Contracting in Boise, Idaho, recently spoke with CNBC to emphasize just how much lumber goes into the construction of a new home. “This entire house is built out of wood,” Martinez said. “I mean, we really do have wood on the floor, wood on the walls, wood on the ceiling. Can’t really get away from building a house like this without using a large number of wood products in the home.” As a result, price increases to lumber can cause a huge disruption for home builders. And lack of certainty adds complexity to the home-building process.

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Paul Mackie named Cedar Champion by the Western Red Cedar Lumber Association

By Brad Kirkbride, Managing Director
The Western Red Cedar Lumber Association
May 19, 2025
Category: Business & Politics
Region: Canada, United States

Paul Mackie

This year, I get to present the Cedar Champion Award to Paul Mackie of the Western Red Cedar Lumber Association. Paul is working for our co-operative marketing organization with a laser focus on ensuring Cedar makes it into projects and markets that will not only work for the members today, but will build the reputation of the association and the species. This triumvirate of Cedar Champions are very different people with very different career paths, but all three share the same trait – they are mission driven individuals who believed that cedar needed to be handled a certain way and never let the easy solutions supplant the right one. …Paul has lived and breathed cedar for nearly 30 years. Every day he seeks to convert someone new into a cedar champion. Paul has shown what a field rep can do when they are mission driven. The board and executive will look to add additional field reps in the near future and that is in no small part because we have watched Paul punch above his weight class for 3 decades. All of us in the association have benefited from Paul’s passion and integrity.

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Weyerhaeuser to Sell Princeton, BC Lumber Mill to Gorman Group

By Weyerhaeuser Company
Cision Newswire
May 21, 2025
Category: Business & Politics
Region: Canada, United States

Weyerhaeuser announced it has reached an agreement to sell its lumber mill in Princeton, BC, to the Gorman Group, owners of Gorman Bros. Lumber. The purchase price is approximately Cnd$120 million, which includes Weyerhaeuser’s manufacturing facility and all associated timber license assets in BC. …Weyerhaeuser and Gorman Group have a long-standing relationship in Canada. Gorman Bros. Lumber is currently the Princeton mill’s largest customer, and Gorman Group has operated in Canada for more than 75 years, with offices and facilities in B.C. and Washington state. Devin W. Stockfish, CEO for Weyerhaeuser, said “Gorman has been a great customer and strategic partner, and we believe this will be a seamless transition.” …”Weyerhaeuser’s Princeton operation will be a natural fit with the Gorman Group,” says Nick Arkle, CEO of the Gorman Group. The transaction is subject to customary closing conditions, including regulatory review, with the sale of the mill expected to be completed in third-quarter 2025, and the forest tenures to follow over the ensuing months. 

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Carney won the election battle, but the trade war is far from over

By Derek Burney, former Ambassador to the USA
The National Post
May 21, 2025
Category: Business & Politics
Region: Canada, United States

Derek Burney

The election result was a personal triumph for Prime Minister Mark Carney with generous assistance from Donald Trump. Instead of being a verdict on the dismal Liberal decade of slow growth, low productivity and investment, and declining competitiveness, it quickly became a referendum on who would be the best leader to withstand the tariff attacks and disrespectful challenges against Canada’s independence by America’s mercurial president. …The best answer would be concrete plans to stimulate economic growth and improve productivity, competitiveness and investment. …There should be no rush to negotiate with the U.S. until we clarify what its objectives are regarding Canada. The trust factor remains an open question. …US Treasury Secretary Scott Bessent, United States Trade Representative (USTR) Jamieson Greer and Interior Secretary Doug Burgum should be sought out as rational members of the U.S. cabinet to dialogue with, as opposed to Commerce Secretary Howard Lutnick.

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A Crash Course on Global Trade and How Trump Is Wrecking It

By Olamide Olaniyan
The Tyee
May 16, 2025
Category: Business & Politics
Region: Canada, United States

Kristin Hopewell

Canada and the United States have long been cosy trade partners, but that relationship is now tested by US President Trump, who in his first months in office has threatened, paused and reversed tariffs so many times it makes the head spin. …All of this would have been inconceivable 20 years ago, University of BC professor Kristen Hopewell says. And this approach not only will be damaging to the interests of the United States and its major trade partners for years to come, but risks unravelling a system that’s ordered the world economy since the end of the Second World War. It’s more than just topsy-turvy tariffs. Institutions like the World Trade Organization, and its predecessor, the General Agreement on Tariffs and Trade, have defined the rules of trade for nearly a century and helped usher in a period of relative stability and prosperity. And those foundations of trade are now also at stake.

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BC pulp mill fined for repeated pollution breaches

By Stefan Labbe
Business in Vancouver
May 26, 2025
Category: Business & Politics
Region: Canada, Canada West

Domtar has been penalized $17,200 for nearly two dozen failures to control the release of emissions from its Skookumchuck, BC, mill. The kraft pulp mill was found to have violated pollution levels 23 times over eight months starting in 2021, according to a decision from director of the Environmental Management Act Bryan Vroom. On at least six occasions, the decision found Domtar failed to keep smoke emissions from a wood-waste-fired power boiler below the 40 per cent opacity required under its 2013 permit. …The company disputed the findings, arguing that a nearby air quality impact assessment showed the impacts to human health were “not significant” and that the ministry failed to show the violations would impact workers. In his decision, Environmental Management Act Bryan Vroom responded by reducing the severity of the failures to a level of “low to none.” …Domtar acknowledged the penalties in an email, and said it is working with B.C.’s environment ministry in response.

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New BC council launched to support forestry in BC

By Ministry of Forests
Government of British Columbia
May 15, 2025
Category: Business & Politics
Region: Canada, Canada West

Members of the newly formed Provincial Forest Advisory Council are tasked with providing recommendations to government on advancing forest stewardship, while supporting communities and workers that rely on forests. Under the Cooperation and Responsible Government Accord 2025, the B.C. government and BC Green caucus have established the Provincial Forest Advisory Council. The council will provide recommendations to government to ensure there are clear and measurable outcomes that support a healthy forests, healthy ecosystems and a healthy forestry sector. …The council will consult with industry partners, such as the Provincial Forestry Forum and ecological, environmental and biodiversity experts, to engage the public for feedback and honour commitments to work in partnership with First Nations. …The council brings together forestry sector leaders that have been jointly appointed by the BC NDP and Green caucuses. The council will provide an interim report this fall, with a final report expected by the end of 2025.  

Related coverage in Business in Vancouver: BC appoints council to improve forest sector, and the forestry ecosystem

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COFI voices concern over exclusion from new BC Forest Advisory Council

By Kim Haakstad, President and CEO
BC Council of Forest Industries
May 15, 2025
Category: Business & Politics
Region: Canada, Canada West

Kim Haakstad

Kim Haakstad, CEO of the BC Council of Forest Industries (COFI)… is deeply concerned by the lack of active, front-line industry representation on the newly announced Provincial Forest Advisory Council. To align ecological, economic, and social outcomes, those who manage the realities of the sector every day must have a seat at the table—not just be invited to comment from the sidelines. Also troubling is the council’s vague scope and mandate—especially given the many significant forestry reviews… still being implemented. …Introducing yet another process, while those on the ground are still adapting to new frameworks… does little to support either ecological outcomes or the stable, predictable flow of forest resources BC urgently needs. …Most forestry jobs and investment come from primary operations—sawmills, pulp mills, contractors, and tenure holders—yet these voices are missing from this council, the BCTS Review Task Force, and the Softwood Lumber Advisory Council. This pattern of exclusion is concerning.

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Steelworkers welcome launch of B.C.’s new Provincial Forestry Council with a focus on workers

By Jeff Bromley, Wood Council Chair
United Steelworkers
May 15, 2025
Category: Business & Politics
Region: Canada West

Jeff Bromley

The United Steelworkers union (USW) welcomes the launch of BC’s new Forestry Advisory Council as a critical step toward building a stronger, more sustainable forestry industry that puts workers and communities first. …“Our forest industry has suffered deeply over the past decade, with over 2,500 Steelworkers losing their jobs,” said Bromley. “Now is the time to ensure that BC’s working forest delivers the value to British Columbians that it was always meant to and that includes good, family and community-supporting union jobs.” …I’m on this council to make sure any review or reform of BC’s forest sector puts workers front and centre,” said Bromley. …The USW commends the B.C. NDP government’s effort to bring together a diverse group of stakeholders to guide the future of forestry.

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Domtar nears decision on converting Quebec mill to containerboard

By Katie Pyzyk
Packaging Dive
May 19, 2025
Category: Business & Politics
Region: Canada, Canada East

Domtar appears close to making a final decision about whether to convert its newsprint mill in Gatineau, Quebec, to a containerboard mill. …Last week, Unifor concluded labor negotiations with Domtar regarding the Gatineau site, and the final contract will likely be published by month’s end, said Daniel Cloutier, Unifor Quebec director. As part of the labor arrangement, agreed not to bargain, lock out or strike for eight years — on the condition that Domtar would move forward with the mill conversion, Cloutier said. Domtar agreed to proceed with the mill conversion investment, Cloutier said, although the company has not issued a final decision. Unifor anticipates that should come by autumn, if not earlier. …”one thing that could help them to make that decision was the guarantee that they will have no conflicts at [the] Gatineau plant while they proceed with the construction of the new facility,” he said.

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US Hardwood Plywood Manufacturers File Petition For Antidumping & Countervailing Duties

The Decorative Hardwood’s Association
May 22, 2025
Category: Business & Politics
Region: United States, International

The Coalition for Fair Trade in Hardwood Plywood has petitioned for antidumping and countervailing duties to counter unfair trade practices by Indonesia, Vietnam, and China. These petitions were filed on Thursday, May 22, with the U.S. Department of Commerce and the International Trade Commission and have significant implications for our economy, in which hardwood plywood plays a critical role in producing numerous downstream products. The Coalition for Fair Trade in Hardwood Plywood alleges that the governments of Indonesia, Vietnam, and China are actively subsidizing dozens of programs benefiting their industries, including providing products at subsidized rates and multiple grant, tax, and lending programs. According to the petitions, hardwood and decorative plywood manufacturers in these countries are also dumping their products into the U.S. at discounted prices, with margins of up to 133.7% for Vietnam, 202.8% for Indonesia, and 474.2% for China.

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Swiss Krono Group to acquire Collins Pine Company’s Klamath Falls facilities in Oregon

The Collins Pine Company
May 30, 2025
Category: Business & Politics
Region: United States, US West

KLAMATH FALLS, Oregon – The Swiss Krono Group has entered into an agreement to acquire Collins Pine Company’s particleboard and engineered wood siding manufacturing facilities located in Klamath Falls, Oregon. This acquisition marks a strategic expansion for Swiss Krono in North America, complementing its existing operations in Barnwell, South Carolina, and building its presence in the Western United States. The decision by Collins to divest the Klamath Falls facilities supports the company’s strategic focus on its core business of timberlands management and softwood and hardwood lumber manufacturing. The transaction is subject to customary regulatory approvals and closing conditions. Financial terms of the deal will not be disclosed. …Collins Pine Company, founded in 1855, is family-owned with over 370,000 acres of FSC certified land in California, Oregon, and Pennsylvania. 

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New Montana law aims to incentivize new wood products facilities

KPAX.com
May 27, 2025
Category: Business & Politics
Region: United States, US West

SEELEY LAKE, Montana — A law passed during the 2025 legislative session could provide $6 million in low-interest rate loans for an entity that wants to start up a wood products facility. The measure could impact Seeley Lake, where Pyramid Mountain Lumber once operated. “I think the likelihood of you know, somebody coming here, obviously, there’d be opportunity at other mills as well, but they really like the, the ability to source timber from this site,” said Pyramid Mountain Lumber owner Todd Johnson. Johnson says the new law would incentivize anyone looking to open a new facility by providing funding for one portion of the total for opening a new mill. “I think the, the main designs behind it were so that it would allow somebody to secure a site. Six million dollars would go a long ways towards securing, you know, a site here in Montana,” said Johnson. 

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Sierra Pacific Industries to Pay for Damages Caused by Forest Fire in El Dorado County

US Dept of Justice
May 22, 2025
Category: Business & Politics
Region: United States, US West

CALIFORNIA — Sierra Pacific Industries (SPI) has agreed to pay $204,284.42 to resolve the United States’ claim for damages resulting from a 2021 wildfire that burned about 29 acres, including National Forest System lands on the Eldorado National Forest, Acting US Attorney Michele Beckwith announced. The wildfire, known as the “Cold Fire,” ignited on Jan. 19, 2021, on SPI land in El Dorado County. US Forest Service fire investigators determined that the fire originated from one of SPI’s timber slash piles that escaped containment during a wind event. “Our office will continue to hold individuals and corporations responsible for damages caused by wildfires,” said Acting US Attorney Beckwith. …The claims resolved by the settlement are allegations only and there has been no determination of liability.

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South Carolina paper mill with stinking past also had toxic mercury discharges

By Sammy Fretwell
The State
May 30, 2025
Category: Business & Politics
Region: United States, US East

YORK COUNTY — South Carolina’s New Indy paper mill… releases more of a powerful neurotoxin into the air than any other major paper plant in the country, a new report says. The amount of mercury leaving New Indy’s York County plant is detailed in a study that examines air pollution at the nation’s largest 185 paper and pulp mills. A major finding is that many paper mills aren’t fully reporting the amount of greenhouse gases they release into the air because of a loophole in federal law. The report says they are burning fuels that release too much air pollution. But the report also provides insight about the discharge of mercury. The study, conducted by the Environmental Integrity Project, calls New Indy’s plant “the worst polluter in the nation’’ for mercury at paper mills, as well as for zinc, another type of metallic waste.

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White House’s approach to tariffs may bring serious consequences for American hardwoods

By Scott Seyler, Northland forest Products Inc.
The Williamsport Sun Gazette
May 17, 2025
Category: Business & Politics
Region: United States, US East

Scott Seyler

PENNSYLVANIA — As a result of the Trump Administration’s reckless tariff policies, America’s hardwood industry has faced a range of consequences, including lost revenues, cancelled orders and the high costs of diverting shipments already in route to China. The 125% tariffs that China applied to U.S. imports in response to the staggering 145% tariffs that the Trump administration placed on Chinese goods on April 2 jolted hardwood producers. …For now, the trade war between United States and China has simmered, with tariffs rates on American exports to China now set at 10%. Still, there is much at stake for America’s hardwood producers. In Pennsylvania, which is the nation’s leading producer of hardwood lumber… the forest-products industry employs over 60,000 people and has a $21.8 billion direct impact and a $39.1 billion indirect impact on the state economy. The livelihoods of foresters, loggers, sawyers, material handlers, lumber graders and many more well-paying jobs hang in the balance. 

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International Paper closes Texas plants, cuts 117 jobs

By Noi Mahoney
Freight Waves
May 19, 2025
Category: Business & Politics
Region: United States, US East

EDINBURG, Texas — International Paper recently said it was shuttering two Texas facilities and laying off 117 workers as it restructures its presence along the US-Mexico border. The company is closing two production facilities in Edinburg, Texas, one that manufactures containers and another that makes paper sheets. The sheet plant will be converted into a warehouse. While the company is closing two production plants in Edinburg, it is investing more funds at a nearby facility in McAllen, Texas, as well as a plant across the border in Reynosa, Mexico, officials said. “There are 117 positions impacted; however the expansion at McAllen will create 40 new hourly positions to be filled,” International Paper said. “The company will assist employees and customers through this transition.” …Since October, International Paper has laid off over 2,500 employees and closed facilities in Arizona, Illinois, Pennsylvania, Louisiana, South Carolina, North Carolina, Missouri, Tennessee and Texas.

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UPM invests over 10 million euros in UPM Tervasaari mill in Finland

UPM Specialty Papers
May 28, 2025
Category: Business & Politics
Region: International

UPM Specialty Papers will invest over 10 million euros in the modernization of UPM Tervasaari mill in Valkeakoski, Finland. The investment will allow UPM Specialty Papers to boost capacity and improve production stability in its highly specialized products, such as glassines and flexible packaging papers. …“This investment underscores our commitment to serving customers in the label, tape and industrial value chains as well as packaging,” highlights Tomi Lonka, Senior Vice President, Global Specialty Papers, UPM Specialty Papers. The modernization project includes the paper machine drying section rebuild and related steam system upgrade. The project is expected to be completed at the end of 2026. In recent years UPM has also invested approximately 20 million euros in boosting the energy efficiency of UPM Tervasaari mill. For example, in 2023, a new electric boiler was installed.

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Finland’s Stora Enso to sell 12.4% of Swedish forests for about $1 billion

Stora Enso OYJ
May 21, 2025
Category: Business & Politics
Region: International

SWEDEN — Stora Enso has entered into an agreement to divest approximately 175,000 hectares of forest land, equivalent to 12.4% of its total forest land holdings in Sweden for an enterprise value of EUR 900 million, equivalent to SEK 9.8 billion. Soya Group, will hold a 40.6% share in the newly formed company, and a MEAG led consortium will hold 44.4% of the shares. …Stora Enso will retain a 15% ownership in the company. Stora Enso and the divested entity will enter into a 15-year wood supply agreement with a possible additional 15-year extension. This will secure wood availability for Stora Enso’s Swedish business units. The new entity will also benefit from a forest management agreement under which Stora Enso will provide forest-related services. …The proceeds from the divestment are expected to reduce Stora Enso’s net debt by EUR 790 million. The transaction is expected to be completed during the third quarter of 2025. 

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Finance & Economics

Going No Where in 2025-Q2, But Higher Prices Coming in Q3 from Duties (and Maybe Tariffs)

By Russ Taylor
Russ Taylor Global
June 2, 2025
Category: Finance & Economics
Region: Canada, United States

US market conditions have been lackluster since the Trump tariffs on Canadian lumber were postponed for the second time in early April. …The proposed 25% tariffs were the catalyst for SPF prices rising in the first two months of 2025. …Today, this puts BC Interior SPF mills back near break-even levels at current lumber prices and 14.4% duties with other Canadian regions looking to be marginally profitable. With tariffs in suspension mode, the US market fundamentals have now been exposed – the market is weak and remain weak – and there is too much supply – again! ….The silliness of the Trump administration’s irrational rhetoric as well as biased trade policies will only result in raising all lumber prices to the US home builder, the renovation contractor, and the consumer. How much of the tariffs (or Canadian duties) are passed on to the consumer is the only wild card, but it will likely be the majority.

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What temporary tariff halts and new housing hopes mean for clients

By Phil Porado
Canadian Underwriter
May 29, 2025
Category: Finance & Economics
Region: Canada, United States

A pause on some tariffs creates a window for Canadian companies to re-examine their risk profiles and work with brokers to secure needed coverage. Both Bay Street and Wall Street are cheering the ruling from the US Court of International Trade that, at least temporarily, tamps down the 10% tariffs the White House imposed on most countries, and drug-related emergency orders setting 25% tariffs on some goods from Canada and Mexico. …Some companies may use tariff lulls to stock up on certain key materials. …Construction companies, for example, often import flooring products from the US, even though Canadian builders have good access to lumber. For them, stockpiling those materials reduces the economic impacts of both US tariffs and Canadian retaliatory tariffs. …Additional optimism arrived via King Charles III’s Speech from the Throne this week. The document opening Canada’s parliament commits to major economic initiatives, including large-scale increases in housing construction.

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Canada’s Inflation rate drops to 1.7% in April, driven by lower energy prices after carbon tax removal

By Jenna Benchetrit
CBC News
May 20, 2025
Category: Finance & Economics
Region: Canada

Canada’s inflation rate eased to 1.7% in April, driven by a drop in prices after the federal government removed the consumer carbon tax, according to Statistics Canada. The slowdown came after the inflation rate hit 2.3% in March. Lower crude oil prices were also a factor in the decline, the data agency said. Despite the decline in headline inflation, core inflation measures all rose in April, some above three per cent — well above the Bank of Canada’s two per cent target rate. The central bank watches those numbers closely because they strip out volatile sectors and don’t factor in one-offs like the removal of the carbon tax. …The central bank is set to make its next interest rate decision on June 4. Porter still expects that the Bank of Canada will cut, given the outlook for weak economic growth in 2025, but said the bank might need more time to see how inflation plays out.

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Multi-family starts boost Canada, U.S. new home starts

By Joel Schlesinger
The Calgary Herald
May 29, 2025
Category: Finance & Economics
Region: Canada, Canada West

New homes development got a shot in the arm this spring with April starts rising in Canada and the United States. Recent reports from TD Economics examined new home data in both markets, finding month-over-month rises in starts for April. In Canada, starts jumped 30 per cent month over month, marking the largest rise since June 2023. Driving growth was the multi-family family segment that saw starts rise 34 per cent, whereas single-family detached home starts gained six per cent from March. …TD noted the “bounce-back” in activity was not unsurprising given levels were so low to start the year. What’s more, housing starts could “be softening,” amid higher construction costs and lower immigration, it cautioned. In the U.S., activity was less robust by percentage growth. Starts there increased less than two per cent month over month.

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BC housing minister ready to work with feds if ‘serious dollars on the table’

By Ish Sharma
Business in Vancouver
May 27, 2025
Category: Finance & Economics
Region: Canada, Canada West

Ravi Kahlon

BC Housing Minister Ravi Kahlon touched on a wide range of development and housing issues during an address to the Urban Development Institute, including infrastructure funding, planning standardization and housing targets. Kahlon said that a dialogue is needed around infrastructure funding to address BC’s challenges around housing supply and affordability. …Kahlon also took time to address the Housing Supply Act, which has stirred controversy due to province’s ability to set housing targets that municipalities must meet based on their population and growth projections. …Kahlon’s UDI appearance comes as B.C. municipalities are required to update their official community plans and zoning bylaws by year’s end to include 20 years of housing needs. The OCPs will require updates every five years. The City of Vancouver will have its first ever city-wide official development plan by June 2026.

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Ontario government will spend more—for less housing

By Jake Fuss and Austin Thompson
The Fraser Institute
May 26, 2025
Category: Finance & Economics
Region: Canada, Canada East

To state the obvious, in Ontario homebuilding is not keeping pace with population growth. This imbalance is driving sky-high home prices and rents, not only in the GTA but many other Ontario cities. What’s to be done? In the Ford government’s recent budget, “housing” appears not as a central theme but as one of several areas to receive “support” in light of Trump’s tariffs, mainly in the form of more money for local infrastructure. …And as part of this “housing” spending spree, the Ford government will continue to spend millions on the Community Infrastructure Fund—which targets smaller communities—and programs to encourage skilled trades, which could support housing development. … The Ontario government has already spent billions on its housing strategy, yet has not moved the needle on housing supply. Even Ford’s new budget with its massive housing “support” includes an abysmal forecast for new home construction.

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Tariff Whiplash Has Already Hurt Housing Affordability

National Association of Home Builders
May 29, 2025
Category: Finance & Economics
Region: United States

The on-again, off-again nature of the tariffs and threats of higher levies have already had a negative effect on housing affordability by creating business uncertainty and disrupting building material supply chains. When asked about the impact of tariffs on their business in the NAHB’s April survey, 60% of builders reported their suppliers have already increased or announced increases of material prices due to tariffs. On average, respondents reported that suppliers increased their prices by 6.3% in response to announced, enacted or expected tariffs. …And in a May survey of builders, 78% reported difficulties pricing their homes recently due to uncertainty around material prices. NAHB estimates that approximately 7% of all goods used in new multifamily and single-family residential construction originated from a foreign nation in 2024. The cost of building materials has already risen by 41.6% in the five years since the pandemic, which is far higher than the rate of inflation (21.9%).

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Hit by Trump trade wars, US economy falls 0.2% in first quarter, an upgrade from initial estimate

By Paul Wiseman
The Associated Press in the Canadian Press
May 29, 2025
Category: Finance & Economics
Region: United States

The US economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Trump’s trade wars disrupted business… a slight upgrade of its initial estimate. First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes. The January-March drop in gross domestic product — the nation’s output of goods and services — reversed a 2.4% gain in the fourth quarter of 2024. Imports grew at a 42.6% pace, fastest since third-quarter 2020, and shaved more than 5 percentage points off GDP growth. Consumer spending also slowed sharply. And federal government spending fell at a 4.6% annual pace, the biggest drop in three years. …From January through March, business investment surged 24.4%. An increase in inventories — as businesses stocked up ahead of the tariffs — added more than 2.6 percentage points to first-quarter GDP growth.

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US home sales and building slump in the face of uncertainty

By Laurel Wamsley
National Public Radio
May 27, 2025
Category: Finance & Economics
Region: United States

Economic uncertainty has produced a double whammy for the housing market: sluggish home sales and plodding construction. Last month was the slowest April for existing home sales in 16 years — a sharp rebuke to hopes that this spring the housing market would recover after two very sleepy years. In a May survey of builder confidence, home builder sentiment dropped to a level last seen in November 2023. The problem, as ever, is the cost of housing: Home prices are out of reach for many who would like to buy. And the tariff drama under President Trump has both made it more expensive to build new homes and made the future more unpredictable for would-be homebuyers. The result is a country where builders want to build, and buyers want to buy — but the future is too much in doubt.

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US Building Material Price Growth Minimal in April

By Jesse Wade
NAHB – Eye on Housing
May 27, 2025
Category: Finance & Economics
Region: United States

Prices for inputs to new residential construction—excluding capital investment, labor, and imports—fell 0.4% in April, following a (revised) increase of 0.8% in March. …The inputs to the New Residential Construction Price Index grew 0.6% from April of last year. …Energy input prices were up 0.1% between March and April but were 17.6% lower than one year ago. Building material prices were down 0.3% between March and April but up 2.2% compared to one year ago. Energy costs have continued to fall on a year-over-year basis, as this marks the ninth consecutive month of lower input energy costs.

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US Consumer Confidence Partially Rebounds in May

The Conference Board
May 27, 2025
Category: Finance & Economics
Region: United States

The Conference Board Consumer Confidence Index® increased by 12.3 points in May to 98.0 (1985=100), up from 85.7 in April. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose 4.8 points to 135.9. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—surged 17.4 points to 72.8, but remained below the threshold of 80, which typically signals a recession ahead. The cutoff date for preliminary results was May 19, 2025. About half of the responses were collected after the May 12 announcement of a pause on some tariffs on imports from China. …Stephanie Guichard, Senior Economist, said “The monthly improvement was largely driven by consumer expectations as all three components of the Expectations Index—business conditions, employment prospects, and future income—rose from their April lows. 

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Volatile Spring Selling Season Continues in the US

By Robert Dietz, Chief Economist
NAHB – Eye on Housing
May 26, 2025
Category: Finance & Economics
Region: United States

The Census estimate of new home sales posted an unexpected gain in April even as builders and consumers continue to deal with economic uncertainty, elevated interest rates and rising building material costs. Sales of newly built, single-family homes in April increased 10.9% to a 743,000 seasonally adjusted annual rate from a downwardly revised March number, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in April was up 3.3% compared to a year earlier. The April new home sales figure may be revised as it runs counter to market commentary and the fact that builder sentiment moved markedly lower in May. A less volatile look at the market would be the year-to-date figures, which show new home sales are down 1.2% thus far in 2025 on elevated interest rates, ongoing policy uncertainty and rising construction costs.

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US Existing Home Sales Fall in April

By Fan-Yu Kuo
NAHB – Eye on Housing
May 22, 2025
Category: Finance & Economics
Region: United States

Despite the brief retreat in mortgage rates and increased supply, existing home sales dropped to 7-month low in April, according to the National Association of Realtors. …While existing home inventory improved, the market faces headwinds as mortgage rates are expected to stay above 6%. …Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 0.5% to a seasonally adjusted annual rate of 4.00 million in April. On a year-over-year basis, sales were 2.0% lower than a year ago. The first-time buyer share was 34% in April, up from 32% in March and 33% from a year ago. The existing home inventory level was 1.45 million units in April, up 9.0% from March, and up 20.8% from a year ago. …Homes stayed on the market for an average of 29 days in April, down from 36 days in March but up from 26 days in April 2024.

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US Income Growth Helps Mute Existing Affordability Constraints

National Association of Home Builders
May 22, 2025
Category: Finance & Economics
Region: United States

Despite solid income gains and lower home prices, Americans still continue to face major housing affordability challenges, according to the latest data from the NAHB/Wells Fargo Cost of Housing Index (CHI). The CHI results from the first quarter of 2025 show that a family earning the nation’s median income of $104,200 needed 36% of its income to cover the mortgage payment on a median-priced new home. Low-income families, defined as those earning only 50% of median income, would have to spend 72% of their earnings. …“While affordability registered slight gains, the Cost of Housing Index clearly shows the need for policymakers to take action,” said NAHB Chairman Buddy Hughes. “Eliminating burdensome regulations, ending tariffs on Canadian lumber and other building materials, providing funding to promote careers in the skilled trades and expediting approvals for affordable projects will allow builders to construct more homes.”

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Fannie Mae raises its GDP and housing outlook on lower mortgage rates

Fannie Mae News
May 21, 2025
Category: Finance & Economics
Region: United States

WASHINGTON, DC – Total single-family home sales are expected to close 2025 at 4.92 million units, with existing home sales accounting for 4.24 million of those units, according to the May 2025 Economic and Housing Outlook from the Fannie Mae Economic and Strategic Research (ESR) Group. Revisions to the home sales forecast were driven in part by the ESR Group’s lower expectations for mortgage rates, which it now forecasts to end 2025 and 2026 at 6.1% and 5.8%, respectively. The latest outlook also projects real gross domestic product growing at 0.7% in 2025 and 2.0% in 2026 on a Q4/Q4 basis. …We now expect the Consumer Price Index (CPI) to rise 3.5 percent Q4/Q4 in 2025, unchanged from our April forecast. Core CPI is expected to rise 3.8 percent Q4/Q4 in 2025 (down from 3.9 percent previously) and 2.6 percent in 2026 (unchanged).

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How lumber duties could worsen home affordability in the US

By DeLon Thornton
CNBC News
May 21, 2025
Category: Finance & Economics
Region: United States

Volatile lumber prices are once again rattling the U.S. housing market, squeezing builders and threatening to exacerbate an already dire affordability crisis. Softwood lumber prices in April surged 23% year-over-year, while futures rose sharply in early 2025 amid fears of increased U.S. duties and widespread sawmill closures across North America, according to the National Association of Home Builders. This has weighed heavily on major homebuilders such as Lennar, D.R. Horton and Toll Brothers, which have all seen their stocks slump this spring. …“The unpredictability of lumber prices adds serious complexity to planning and budgeting,” said Steve Martinez, of Idaho-based Tradewinds General Contracting. …Beyond homebuilding, higher lumber costs are hitting renovations, fencing and interiors. The US Forest Products annual market review found that U.S. lumber production inched up… but demand continues to outpace supply. Environmental regulations, aging forests and labor constraints compound the challenge.

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US Single-Family Home Size Trending Higher

By Robert Dietz, Chief Economist
NAHB Eye on Housing
May 20, 2025
Category: Finance & Economics
Region: United States

An expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower. According to first quarter 2025 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area was 2,190 square feet, near the highest reading since mid-2023. Average (mean) square footage for new single-family homes registered at 2,408 square feet.

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Five key factors in the outlook for the US housing market 2025

By Jennifer Coskren and Dustin Jalbert
RISI Fastmarkets
May 20, 2025
Category: Finance & Economics
Region: United States

The Fastmarkets ‘Outlook for the US housing market 2025’ webinar unpacked the current challenges facing market participants. Key takeaways for the US housing market:

  • Falling builder confidence and construction trends – High mortgage rates and material costs are driving builder pessimism, despite strong demand. 
  • California wildfire rebuilding – The rebuilding process following California wildfires is anticipated to be exceptionally slow due to labor shortages, regulatory hurdles and insurance challenges.
  • Demographic shifts and the immigration surge – Demographics remain a near-term support for the housing market, but questions remain about the full impact of the recent surge in immigration. 
  • Mortgage rates and affordability challenges – A sharp rise in mortgage rates has contributed to affordability challenges and stasis in the existing market. 
  • The future of construction – New construction is projected to struggle through 2025 before seeing gradual improvement in 2026. 

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Why Moody’s picked now to downgrade the United States

By Heather Long
The Washington Post
May 19, 2025
Category: Finance & Economics
Region: United States

The United States has officially lost its perfect credit rating. On Friday, Moody’s, for the first time in its history, downgraded U.S. government bonds from the gold star rating of “AAA” to “AA1,” the silver medal equivalent. This wasn’t a total surprise. S&P and Fitch had already lowered the U.S. rating, so this was Moody’s catching up to the crowd. But make no mistake: Moody’s didn’t just pick a random Friday in May to make this move. Moody’s wanted to send a message to Republicans in Congress: Rethink the tax bill. Or, better yet, don’t do it. …The Republicans’ bill would add at least $3.3 trillion to the debt over the next decade. …Moody’s cited concern over how big the U.S. debt already is (more than $36 trillion) and how Congress has taken almost no action to stop the annual deficits that keep adding to that tab. [to access the full story a Washington Post subscription is required]

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US Custom Home Building Trends Flat Year-Over Year

By Robert Dietz, Chief Economist
The NAHB Eye on Housing
May 19, 2025
Category: Finance & Economics
Region: United States

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates flat year-over year growth for custom home builders. The custom building market is less sensitive to the interest rate cycle than other forms of home building but is more sensitive to changes in household wealth and stock prices. There were 34,000 total custom building starts during the first quarter of 2025. This was unchanged relative to the first quarter of 2024. Over the last four quarters, custom housing starts totaled 181,000 homes, just more than a 2% increase compared to the prior four quarter total (177,000). Currently, the market share of custom home building, based on a one-year moving average, is approximately 18% of total single-family starts. 

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US consumer sentiment inched down in May after four months of steep decline

The University of Michigan
May 19, 2025
Category: Finance & Economics
Region: United States

Consumer sentiment was essentially unchanged this month, inching down a scant 1.4 index points following four consecutive months of steep declines. Sentiment is now down almost 30% since January 2025. Slight increases in sentiment this month for independents were offset by a 7% decline among Republicans. While most index components were little changed, current assessments of personal finances sank nearly 10% on the basis of weakening incomes. Tariffs were spontaneously mentioned by nearly three-quarters of consumers, up from almost 60% in April; uncertainty over trade policy continues to dominate consumers’ thinking about the economy. Note that interviews for this release were conducted between April 22 and May 13, closing two days after the announcement of a pause on some tariffs on imports from China. Many survey measures showed some signs of improvement following the temporary reduction of China tariffs, but these initial upticks were too small to alter the overall picture.

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Exports of Southern Pine lumber fell 12% in Q1, 2025 compared to Q1, 2024

Southern Forest Products Association
May 26, 2025
Category: Finance & Economics
Region: United States, US East

Q1 2025 exports of Southern Pine lumber (treated and untreated) were 12% behind the same quarter in 2024 at 122 MMBF, but up 2% over the fourth quarter of 2024. On a monthly basis, Southern Pine lumber exports were down 20% in March over March 2024 but up 4.6% over February 2025. When looking at the report by dollar value, Southern Pine exports are down 7% to $50 million in the first quarter of 2025 compared to the same period in 2024, but down 17% over the fourth quarter of 2024. Mexico led the way at $13.2 million, followed by the Dominican Republic at $10.4 million, and Canada at $4.3 million. The total global value in March hit a six-month high of $18 million. Treated lumber exports, meanwhile, were down 19% compared to the first quarter of 2024 at $28 million and down 6% over the fourth quarter of 2024.

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Wood, Paper & Green Building

In Canada’s housing crisis, are modular homes a cheaper and faster solution?

By Sharif Hassan
CBC News
May 15, 2025
Category: Wood, Paper & Green Building
Region: Canada, Canada East

TORONTO — Advocates and experts say while there is no single solution to the homelessness crisis… prefabricated homes could play a significant role in addressing the shortage of affordable and supportive housing. “The modular definitely helps because the faster construction is, the least expensive it is,” Andrea Adams, the executive director of the non-profit developer St. Clare’s said. …Ontario’s housing crisis has been an ongoing issue for years, and some experts say modular housing could play a crucial role in addressing the problem. …Prime Minister Carney promised a housing plan that would yield 500,000 new homes annually and provide $25 billion in loans for companies that make factory-built homes. Carney said he aims to create an “entirely new Canadian housing industry” around modular housing, using Canadian lumber, skilled workers and technology. Ontario Premier Ford also promised $50 million to support modular housing technology.

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Mercer Mass Timber Marks Completion Milestone on the Theodore Roosevelt Presidential Library Construction

Mercer Mass Timber
PR Newswire
May 20, 2025
Category: Wood, Paper & Green Building
Region: United States, US West

NORTH DAKOTA — Mercer Mass Timber (MMT) announced the completion of the first phase of construction on the Theodore Roosevelt Presidential Library, a future cultural destination located in the heart of the North Dakota Badlands, and the largest mass timber project in the state to date. Phase one construction began one year ago and is centered on the museum building and its dramatic roof structure of sweeping curves and complex geometry. The roof, designed to echo the rolling topography of the Badlands, required precisely engineered connections and joints, supported by steel wrapped in wood to maintain a seamless timber look. Phase two of construction is scheduled to begin on June 1, with Mercer Mass Timber contributing canopies designed to support photovoltaic panels—enhancing the site’s sustainability and expanding mass timber use in outdoor architectural features.

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Domestic vs. international: The trade-offs in mass timber suppliers

By McCownGordon Construction
Dallas Business Journal
June 1, 2025
Category: Wood, Paper & Green Building
Region: United States, US East

Mass timber continues to gain traction in the United States for its sustainability, strength and aesthetic appeal. …In just the last four years, Texas saw a 168% increase in the amount of mass timber projects either in design, construction or completed. As mass timber developments in Texas increase in popularity, owners and contractors face a critical decision: whether to source the material domestically or internationally. The decision isn’t as simple as price — although it is a big factor. There are other points to consider when selecting your mass timber provider. …With threats of tariffs and rising material costs, builders might feel inclined to source mass timber from domestic providers. According to Forisk, an industry research and consulting firm, there are 38 mass timber production facilities across the United States and Canada —24 of which can produce cross-laminated timber (CLT). Nearly 51% of those facilities are located in the Northwest region of the United States.

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Forestry

EU releases controversial EUDR country risk benchmarking amid fierce environmental criticism

By Ian Westcott
New Food Magazine
May 23, 2025
Category: Forestry
Region: Canada, United States

The European Commission has released its much-anticipated country benchmarking under the EU Deforestation Regulation (EUDR) roughly one month ahead of schedule, marking a key milestone in its enforcement. The benchmarking system classifies countries into “low risk,” “standard risk,” or “high risk” categories based on the likelihood that commodities sourced from these regions contribute to deforestation and forest degradation. However, the benchmarking has immediately drawn strong criticism from environmental groups. Mighty Earth branded the system a “farce” and accused the European Commission of prioritising political convenience over genuine environmental protection. …Mighty Earth points out that some of the world’s highest deforestation hotspots — including Brazil, Bolivia, and the Democratic Republic of Congo — have been omitted from the high-risk list. Meanwhile, countries with documented deforestation issues, such as Canada, Ghana, Papua New Guinea, and Romania, have been labelled low risk. [The United States appears in this list under the “low risk category”].

In related coverage:

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‘No end in sight’ for systematic killing of BC wolves to save caribou

By Rochelle Baker
The National Observer
June 2, 2025
Category: Forestry
Region: Canada, Canada West

The BC government spent a decade killing wolves to protect caribou. Now, critics warn that despite questions about its effectiveness, ethics and impact on the rest of the environment, the government is moving to make the wolf cull a permanent part of its strategy. Launched as a short-term emergency measure in 2015, the decade-long wolf cull is a morally outrageous tactic to divert public attention from the root cause of caribou declines — the province’s failure to significantly address habitat destruction — said Pacific Wild co-founder Ian McAllister. …The future for caribou and wolves is looking even more dire given the federal and provincial plans to fast-track permitting and reduce environmental assessments for development, McAllister said. …The province is looking to make its “short-term emergency” measure of shooting wolves to protect caribou a permanent practice in lieu of protecting habitat, critics warn.

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What happens during a Red Flag Warning? Alberta Wildfire explains

By Steven Sandor
The Edmonton Journal
May 29, 2025
Category: Forestry
Region: Canada, Canada West

The Red Flag Warning has been sounded by Alberta Wildfire. But what does it mean? It means conditions are ripe for the ignition and fast-moving spread of wildfires. The forest-fire experts use a sliding scale, first adopted by the U.S. National Weather Service, to determine how dry the conditions are in the forest areas, and how the wind could help fan the flames if that dry tinder is ignited. Basically, a score is calculated based on wind speed, heat and the lack of humidity. A sample document provided by Alberta Wildfire shows a hypothetical watch being created when the maximum daily temperatures is expected to hit 33 Celsius, the humidity is at 25 per cent or lower, and wind speeds are 10 km/h. Basically, when it is punishingly hot and dry, it doesn’t take a lot of wind to trigger an alert. “And, just like weather alerts, “watch” is one level below “warning.”

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Alberta’s caribou conundrum

By Mark Bradley
Jasper Local
May 20, 2025
Category: Forestry
Region: Canada, Canada West

Is the Alberta government hell-bent on eliminating what remains of the two caribou herds that live in the mountains just north of Jasper National Park? Looking at the province’s recently released draft management plan for the Upper Smoky area, one might think that is the case. Let’s set this up: the motivation behind the sub-regional plan in the first place was to convince the federal government that the province was doing a good job of caribou conservation. Spoiler alert: they haven’t! Meanwhile, I can’t help but think of the irony that… the company which stands to benefit the most is a US-based forestry corporation, Weyerhaeuser. …For decades now, provincial governments have been promising to conserve and rehabilitate caribou habitat. And for decades, those governments have not made good on those promises. As discussed in previous Jasper Local articles, for caribou to have a chance, they need some space.

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Spruce budworm: Pest’s persistent presence concerns Sundre-area horticulturalist

By Simon Ducatel
The Albertan
May 17, 2025
Category: Forestry
Region: Canada, Canada West

SUNDRE – While the persistent, multi-year presence of a destructive pest known as spruce budworm has been noted by Alberta Forestry and Parks, an entomologist for the provincial government said the localized impact is not yet considered an epidemic. “We mapped some minor infestations that are on private land south of the Sundre area,” said Forest Health Specialist Caroline Whitehouse. …“From what we’re seeing from our aerial overview surveys – that’s the primary way that we are doing monitoring for spruce budworm – we’re not seeing what we would call an epidemic at this point,” she said. …Asked whether there are any regions in the province where there might be an epidemic unfolding, she said the department’s data from 2024 does not indicate as much. …Steve Bouchet, owner of Everblue Nursery said he is less worried about his own tree farm. …“But it’s also a forest fire risk.

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The Debate that American Conservationists Should Be Having On The Endangered Species Act

By Emma Marris
The Atlantic
May 26, 2025
Category: Forestry
Region: United States, US West

The Endangered Species Act was intended to protect ecosystems as well as individual species but it has no provisions to do so directly. For decades, conservationists successfully plugged that hole by arguing in court that the ESA’s prohibition of harm to individual species includes destroying a species’ habitat. Now the Trump administration wants to negate that argument by asserting that to harm an endangered species means only to injure or kill it directly: to rip it out by the roots or blow it away with a shotgun. Habitat destruction has been the most common threat to endangered species in the US since 1975. If the administration succeeds in redefining harm to exclude it, the Endangered Species Act won’t be able to effectively protect most endangered species. …Preserving old-growth forest for a single owl species means the forest—and everything living there—suddenly loses protection if that owl goes extinct anyway. [to access the full story an Atlantic subscription is required]

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Legal Intervention Defends Northern Spotted Owl Habitat

The Center for Biological Diversity
May 21, 2025
Category: Forestry
Region: United States, US West

PORTLAND, Oregon— Conservation groups intervened in a lawsuit brought by the timber industry and counties seeking to strip northern spotted owls of protections for their critical habitat across millions of acres of forests in California, Oregon and Washington. The industry lawsuit attempts to reinstate a critical habitat rollback issued in the final weeks of the first Trump administration that removed nearly 3.5 million acres from the 9.6 million acres that were protected for spotted owls in 2012. “The forests these precious owls depend on also provide all of us with benefits like clean water, recreation, jobs and climate resiliency,” said Chelsea Stewart-Fusek, an endangered species attorney at the Center for Biological Diversity. “Given Trump’s relentless assaults on our most cherished wildlife and public lands, it’s no surprise that corporate timber interests are resurrecting their attacks on northern spotted owls and the places they live in the name of short-term profit.”

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New Maine law will require landowners to report enrollment in forest carbon programs

By Kate Cough
The Maine Monitor
June 2, 2025
Category: Forestry
Region: United States, US East

MAINE, USA — A law signed by Gov. Janet Mills last week requires landowners who are participating in the forest carbon credit market to report basic data — including a landowner’s name, contact information, date of enrollment and total enrolled acreage — to the state on an annual basis, information the state will use to create a database and track the impact of carbon credits on Maine’s forests. “We need to understand how Maine woodland owners are participating in the emerging forest carbon market, given both Maine’s forest-based economy and its climate change initiatives,” said Morten Moesswilde, the division director of Forest Policy and Management for the Department of Agriculture, Conservation and Forestry, in a work session on the legislation in February. …The law was supported by conservation organizations as well as the Maine Forest Products Council and several woodlot owners, who stressed the importance of understanding an emerging market.

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Weyerhaeuser Acquiring High-Quality Timberlands in North Carolina and Virginia

By Weyerhaeuser Company
PR Newswire
May 22, 2025
Category: Forestry
Region: United States, US East

Weyerhaeuser announced an agreement to acquire approximately 117,000 acres of high-quality timberlands in North Carolina and Virginia from Roanoke Timberlands, a subsidiary of Roseburg Forest Products, for $375 million. Comprised of mature, highly productive timberlands, the acreage will be well-integrated with existing Weyerhaeuser timberland and mill operations in North Carolina, will expand the company’s footprint into attractive markets in southeastern Virginia and will offer substantial alternative value opportunities. …Mature planted pine age class expected to produce an average annual harvest of 7.4 tons per acre (or 860,000 tons) over the first five years. …The acquisition is expected to close in the third quarter and is subject to customary closing conditions. …When the acquisition is complete, Weyerhaeuser will own or manage approximately 744,000 acres of timberlands in North Carolina and 150,000 acres in Virginia — employing more than 600 people across the two states.

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Analyzing the Role of the FSC Across Diverse Economic and Climatic Contexts

By Inoussa Boubacar and Yaya Sissoko
Science Direct
May 31, 2025
Category: Forestry
Region: International

This study investigates the role of Forest Stewardship Council (FSC) certification in advancing sustainable forest management and influencing forest cover changes across 70 countries from 2000 to 2021. Using dynamic panel data model and Generalized Method of Moments (GMM) estimations, the analysis addresses endogeneity concerns, such as those stemming from lagged dependent variables, providing robust and unbiased estimates. Results indicate that FSC certification significantly enhances forest cover, with the most pronounced effects observed in low- and middle-income countries. Additionally, the study explores how FSC certification interacts with income levels and climatic conditions, revealing region-specific variations in its effects. These findings highlight the importance of market-based conservation tools, such as FSC certification, which align economic incentives with sustainability objectives. The analysis provides practical insights, recommending the integration of FSC certification into responsible trade practices and the development of regionally tailored forest management strategies to maximize conservation outcomes.

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EU Deforestation Regulation Country Benchmarking Misses the Mark

By Kerstin Canby and Marigold Walkins
Forest Trends
May 29, 2025
Category: Forestry
Region: International

On May 22, the European Commission released its long-awaited country benchmarking classifications under the EU Deforestation Regulation (EUDR). …After years of development, one might have expected a risk classification tool robust enough to help companies navigate the complex terrain of global sourcing. Instead, the rankings are poised to mislead businesses into thinking certain countries are “low risk” when the realities on the ground tell a very different story. …The EUDR sets out dual requirements: products placed on or exported from the EU market must be both “deforestation-free” and “produced in compliance with the laws of the country of origin.” However, the EC’s benchmarking appears to focus overwhelmingly on deforestation metrics and existing EU political sanctions—giving little attention to equally critical issues like governance, corruption, and law enforcement capacity. Findings from Forest Trends’ Illicit Harvest, Complicit Goods report further underscore the problem.

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What would happen if the Amazon rainforest dried out?

By Fabiano Maisonnave
The Associated Press
May 29, 2025
Category: Forestry
Region: International

BRAZIL — Fallen logs are rotting, the trees grow sparser and the temperature rises in places sunlight hits the ground. This is what 24 years of severe drought looks like in the world’s largest rainforest. But this patch of degraded forest, about the size of a soccer field, is a scientific experiment. Launched in 2000 by Brazilian and British scientists, Esecaflor — short for “Forest Drought Study Project” in Portuguese— set out to simulate a future in which the changing climate could deplete the Amazon of rainfall. It is the longest-running project of its kind in the world, and has become a source for dozens of academic articles. …This resulted in the loss of approximately 40% of the total weight of the vegetation and the carbon stored within it from the plot. The main findings were detailed in a study published in May in the journal Nature Ecology & Evolution. 

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Eleven countries demand EU weakens deforestation law further, document shows

By Kate Abnet
Reuters in Offshore Engineer
May 26, 2025
Category: Forestry
Region: International

BRUSSELS – According to a document obtained by, 11 governments are urging the European Union to delay or weaken its upcoming deforestation law. This policy, a world first, aims to stop the 10% global deforestation caused by EU imports of soy, beef and palm oil, among other products. However, it has become a controversial part of Europe’s environmental agenda. After complaints from Brazil and the US and a reduction in reporting rules, the EU has already delayed its launch for a year, until Dec. 2025. The Commission announced last week that it would spare most countries from the strictest checks. A group of eleven countries led by Austria, Luxembourg and Germany, have demanded that the European Commission further simplify the rules and delay the application date. …The countries’ paper, that the EU agriculture ministers in Brussels will be discussing on Monday, said the requirements are “disproportionate” to the regulation’s goal.

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Global Forest Loss Shatters Records in 2024, Fueled by Massive Fires

World Resources Institute
May 20, 2025
Category: Forestry
Region: International

WASHINGTON — Global forest loss surged to record highs in 2024, driven by a catastrophic rise in fires, according to new data from the University of Maryland’s GLAD Lab, made available on World Resources Institute’s Global Forest Watch platform. Loss of tropical primary forests alone reached 6.7 million hectares — nearly twice as much as in 2023 and an area nearly the size of Panama, at the rate of 18 soccer fields every minute. For the first time on our record, fires — not agriculture — were the leading cause of tropical primary forest loss, accounting for nearly 50% of all destruction. This marks a dramatic shift from recent years, when fires averaged just 20%. Meanwhile, tropical primary forest loss driven by other causes also jumped by 14%, the sharpest increase since 2016. Despite some positive developments, particularly in Southeast Asia, the overall trend is heading in a troubling direction. …Globally, the fires emitted 4.1 gigatons of greenhouse gas emissions. 

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Carbon, Climate & Bioenergy

BC leading Canada on methane reduction, says analysis

By Stefan Labbe
Business in Vancouver
May 22, 2025
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

BC’s goal to reduce methane emissions from the oil and gas sector is two years ahead of schedule, a new analysis has found. Released by the Pembina Institute Thursday, the report found the province was the only one in Canada to meet its 2025 oil and gas methane emissions reduction target. Between 2014 and 2023, natural gas production in B.C. grew 67%. But over that same period, methane emissions associated with the industry fell 51% — surpassing the 45% reduction goal the province set for itself for 2025. The progress is a positive sign for the industry at a time the carbon intensity of imports is becoming increasingly important to trading partners like the European Union, United Kingdom, South Korea and Japan, said Amanda Bryant, with the Pembina Institute. …“BC has shown that you can succeed in regulating methane gas emissions in a way that benefits instead of harms industry.”

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California Plans to Proceed with Carbon Cap-and-Invest Program Despite Pressure from Trump

By Mark Segal
ESG Today
May 16, 2025
Category: Carbon, Climate & Bioenergy
Region: United States, US West

California Governor Gavin Newsom released a revised proposal for the 2025-2026 state budget, containing plans to extend the state’s “Cap-and-Invest” program, requiring major emitters to purchase allowances for carbon emissions above a declining cap, through 2045. The Cap-and-Invest program, which was set to expire in 2030, is anticipated to result in a continuation of the California Climate Credit, resulting in approximately $60 billion available for utility bill credits to California residents over the duration of the extension. The proposed extension of the carbon pricing program comes despite growing pressure by the Trump administration and Republican state politicians targeting state initiatives charging companies for their greenhouse gas emissions. …Trump specifically called out California’s cap-and-trade system, in addition to new laws in New York and Vermont aimed at fining energy companies for their contributions to climate change. …Newsom said “California’s fundamental values don’t change just because the federal winds have shifted.”

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Georgia offers carbon credits for mass timber projects. How it works.

By Margaret Walker
The Telegraph
May 16, 2025
Category: Carbon, Climate & Bioenergy
Region: United States, US East

Georgia is the first state in the nation to create a carbon registry program that rewards sustainable building practices with carbon credits, with goals to boost both the state’s environment and economy equally. And while only one building project has made it to the registry since the program started, those who helped start the program are confident more developments in the Peach State will start taking advantage of the program soon. The Georgia Carbon Sequestration Registry, first developed in 2008, was originally created to help landowners certify the carbon stored in their forests. But as Georgia kept rapidly growing, lawmakers saw an opportunity to expand the registry’s impact, changing it to allow for financial incentive for constructing developments with mass timber. In 2021, legislation passed that gave the Georgia Forestry Commission a year to write the protocol for the amended carbon registry.

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Toyota’s Biofuel: a new lease on life for combustion engines

Global Fleet
June 1, 2025
Category: Carbon, Climate & Bioenergy
Region: International

Even if conversations are dominated by electrification, Toyota is working on a different course to keep combustion engines relevant. A recent Nikkei Asia report reveals that Japanese automakers led by Toyota have opened a bioethanol facility in Fukushima, aiming to slash the carbon footprint of conventional engines with a new kind of “better biofuel”. …What sets this project apart is its focus on second-generation biofuels: non-edible plants and agricultural waste serve as the feedstock, rather than food crops like corn or sugarcane. By avoiding feedstocks that compete with food supply, Toyota’s program addresses a key criticism of traditional biofuels. …The choice of Fukushima for the facility is symbolic. The site reuses land in an area devastated by the 2011 nuclear disaster, turning “disaster zones” into productive, green-energy facilities. In doing so, Toyota’s project ties regional recovery to climate innovation. …Feedstock: Uses non-food biomass (e.g. wood chips, rice straw, plant waste) instead of edible crops.

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Health & Safety

Thousands evacuated in 3 provinces as Canadian wildfires threaten air quality into some US states

By Julie Walker
The Associated Press
June 1, 2025
Category: Health & Safety
Region: Canada, United States

FLIN FLON, Manitoba — More than 25,000 residents in three provinces have been evacuated as dozens of wildfires remained active Sunday and diminished air quality in parts of Canada and the US, according to officials. Most of the evacuated residents were from Manitoba, which declared a state of emergency last week. About 17,000 people there were evacuated by Saturday along with 1,300 in Alberta. About 8,000 people in Saskatchewan had been relocated as leaders there warned the number could climb. Smoke was worsening air quality and reducing visibility in Canada and into some US states along the border. “Air quality and visibility due to wildfire smoke can fluctuate over short distances and can vary considerably from hour to hour,” Saskatchewan’s Public Safety Agency warned Sunday. “As smoke levels increase, health risks increase.” …In some parts of the U.S., air quality reached “unhealthy” levels Sunday in North Dakota and small swaths of Montana, Minnesota and South Dakota.

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National Fire Protection Association 660: The New Standard For Combustible Dust

By Brian Edwards, NFPA Committee for Combustible Dust
Biomass Magazine
May 19, 2025
Category: Health & Safety
Region: United States

For the past 10 years, the National Fire Protection Association (NFPA)  has been working to consolidate several industry-specific standards for combustible dust. In December 2024, the NFPA completed its goal by issuing “NFPA 660–Standard for Combustible Dusts and Particulate Solids.” This new standard combines six existing standards, including NFPA 61 (agricultural dust) and NFPA 664 (wood dust), into a single standard that covers all industries where combustible dust and particulates are generated, used and handled. Building permitting authorities, code enforcers and fire agencies use the NFPA standards to establish the basis of design and operation for new and existing industrial sites, so it’s important for pellet mill owners and operators to be aware of NFPA requirements, especially for new projects and plant modifications. NFPA 660 covers both administrative and engineering requirements at facilities with combustible dust, and its goal is to minimize fires and explosions, help companies maintain business continuity, and, most importantly, protect workers and the public.

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Forest Fires

Cool temperatures, chance of rain as crews battle wildfires near Flin Flon, Man.

The Canadian Press
June 2, 2025
Category: Forest Fires
Region: Canada, Canada West

FLIN FLON, Manitoba – Cooler temperatures and a chance of rain this week is expected in a northwestern Manitoba city that’s had to evacuate thousands of people due to wildfire. Environment Canada says temperatures in the mid teens to mid 20s are forecasted this week, with a good chance of rain coming Saturday in Flin Flon. Fire crews have been trying to keep a blaze near Flin Flon at bay, and have said the fire has been contained to outside its perimeter highway. Crews say there have been no structures lost due to the wildfire. More than 17,000 people have been displaced by wildfires in Manitoba, including 5,000 from Flin Flon. Thousands have been affected by wildfires across the Prairie provinces, with Saskatchewan issuing an evacuation alert Sunday morning for dozens of residents in the small northern community of Timber Bay, located about 260 kilometres northeast of Saskatoon. [END]

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‘This is classic climate change’: Sask. faces worst wildfire season in decades

By Aliyah Marko-Omene
CBC News
June 1, 2025
Category: Forest Fires
Region: Canada, Canada West

Saskatchewan is battling the worst wildfire it’s seen in decades — including the 300,000-hectare Shoe Fire in northern Saskatchewan — and experts say it’s largely caused by climate change. “This is classic climate change,” said Colin Laroque, head of soil science and professor at the University of Saskatchewan. Laroque said climatology is studied using 30-year timeframes of weather patterns, which “weren’t that different” until recently. …”These are things that we traditionally saw more in June, July and later summer, when everything dried out and then the fires took off,” Laroque said. Saskatchewan is making its way out of a relatively dry period. Few places had snow for long periods of time over winter. In the past, “snowpacks” would take time to fully melt and trickle into the ground as it warmed up. This would recharge the moisture of the soil.

In related coverage: In the CBC No relief in sight as 20 Sask. communities under evacuation orders

Brandon Sun, by Tom Brodbeck: Climate change a ‘right now’ problem

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Hot, dry forecast spells trouble for Saskatchewan wildfires

By Jeffrey Tram
CBC News
May 30, 2025
Category: Forest Fires
Region: Canada, Canada West

A meteorologist is warning the upcoming weather forecast isn’t good news for the wildfire outlook in northern Saskatchewan, with hot, dry and windy conditions in the foreseeable future. “We’re not getting any relief, unfortunately,” said Justin Shelly, a meteorologist with Environment and Climate Change Canada. “We’re expecting very warm conditions to continue.” A cold front will develop from Alberta that will move to Saskatchewan on Friday, but it will only create some isolated chances of showers and thunderstorms, said Shelly. “There’s not going to be a lot of accumulations in terms of rainfall amounts associated with this,” he said. Shelly said another system from Alberta will be coming Saturday night into Sunday morning, but most of the rainfall will hit isolated spots of northern Saskatchewan, with only about five to 15 millimetres in those areas.

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Wildfire activity persists in northern Ontario

By Dan Bertrand
CTV News
June 2, 2025
Category: Forest Fires
Region: Canada, Canada East

Ontario’s Ministry of Natural Resources (MNR) continues to monitor wildfires across the province, with varying conditions in the northeast and northwest regions. While some fires have been brought under control, others remain active, prompting ongoing suppression efforts and precautionary measures. The northeast region reports two active wildfires, with one recently contained. Sudbury 13, a 0.5-hectare fire near Wikwemikong that was identified on Saturday, was declared out Sunday morning. Cochrane 2, an 8-hectare fire northwest of Attawapiskat, is now under control. Cochrane 3, burning 48 kilometres west of Attawapiskat, remains not under control at 150 hectares. Though the MNR confirms no immediate threats to communities or infrastructure at this time. The northwest region remains a focal point, with 15 active fires and persistent high-risk conditions.

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Nova Scotia wildfire season off to a slow start after cool, wet spring

By Danielle Edwards
CBC News
May 31, 2025
Category: Forest Fires
Region: Canada, Canada East

The wildfire season in Nova Scotia has been off to a “slow” start, according to the manager of forest protection with the province’s natural resources department. Scott Tingely told CBC News that so far, the number of fires and the amount of hectares burned are both below average at this point. “We had a pretty cool, wet spring so far, so that has certainly helped kind of mitigate the conditions and the risk,” Tingley said. As of Thursday, 39 fires have burned about 35 hectares across the province so far. …The wildfire situation in Nova Scotia has changed rapidly over the last week, according to data from Natural Resources Canada. On Tuesday, the department listed the fire danger across most of the province as low. And as of Thursday, that classification was raised to high for the bulk of the mainland and Cape Breton.

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Massive expansion of restricted fire zone

By Matt Prokopchuk
The Thunder Bay News Watch
May 29, 2025
Category: Forest Fires
Region: Canada, Canada East

THUNDER BAY — A huge additional swath of Northwestern Ontario, including the city of Thunder Bay and surrounding areas, will be under a fire ban as of midnight. The Ministry of Natural Resources announced Thursday it is extending its restricted fire zone in the region at the end of the day. In a related move, Thunder Bay Fire Rescue said it is also implementing a fire ban for the city. Starting at 12:01 a.m. Friday, the fire ban will extend from its initial boundaries in the west to as far north as to include Wabakimi Provincial Park. …Chris Marchand, a regional fire information officer with the MNR’s Aviation, Forest Fire and Emergency Services in Dryden said the region is exceedingly dry.

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