Blog Archives

Special Feature

Carney says trade deal became untenable when U.S. ‘asked too much and offered too little’

By Peter Zimonjic
CBC News
August 22, 2026
Category: Special Feature
Region: Canada, United States

Mark Carney

Prime Minister Carney told his negotiators to walk away from the table after the Trump administration introduced late unacceptable demands on culture, autos and sovereignty that, when taken in concert with their overall approach to talks, revealed the US was not interested in a “true economic partnership” with Canada. In a departure from his usual diplomatic language, Carney suggested the US sometimes signs trade deals in “pencil,” and while Canada’s government is united and working together, the same is not true of the Trump administration. “We cannot accept what they’ve offered, and we will not give what they’ve asked,” Carney said. The prime minister revealed that the US had issues with Canada’s subsidies for French culture; the prevalence of French-language media online and even the requirement to have bilingual labels on products sold in Canada. …”The U.S. introduced, in the last hours, efforts to restrict our ability to have other trade deals,” Carney said. 

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Opinion / EdiTOADial

Trade War Hits the Woods: Canada Fires Back on US Forest Products

By David Elstone, Managing Director
The Spar Tree Group Inc.
August 27, 2026
Category: Opinion / EdiTOADial
Region: Canada, United States

David Elstone

On August 25, 2026, Canada announced counter-tariffs of 15%, 25% and 50% on targeted US products in response to the US decision to impose a 50 per cent tariff on $27.6 billion of Canadian goods. Canada’s counter-tariffs will apply to 874 product classifications, covering a matching $27.6 billion in imports from the US, with a focus on steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. The retaliation marks the start of a full-scale trade war, with Canadian tariffs taking effect on September 8. …The Canadian counter-tariffs will apply to US softwood lumber, plywood, dissolving pulp, paper and packaging products—including toilet paper—kitchen cabinets, upholstered furniture and non-upholstered furniture. AcrossCanada, I estimate these US forest product imports had a value of $3.2 billion in 2025. For US forest products entering BC, I estimate their 2025 import value was $527 million.

It makes sense that paper and packaging products are a clear focus of Canadian countermeasures. Counter-tariffs targeting $2.4 billion of US paper and packaging products will cause concern. …Canada has fired back, but in a trade war, the forest sector still gets caught in the crossfire. Counter-tariffs are retaliation, not a defensive strategy that protects domestic producers from the impacts of tariffs on their export sales. The consequences are already emerging with Rayonier Advanced Materials announcing a temporary mill closure affecting its dissolving pulp production in Temiscaming, Ontario. Also there are reports Nova Scotia’s pine sawmills are facing shutdowns. Unfortunately, this is likely only the beginning.

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Business & Politics

Trump’s threats against Canada are self-defeating

By Robert Zoellick, US Trade Representative during NAFTA negotiations
The Financial Times
August 30, 2026
Category: Business & Politics
Region: Canada, United States

Robert Zoellick

Why must President Trump bully Canada? Americans might not take jibes about the “51st state” seriously, but what Canadians see is an attack on their independence and even unity. They acknowledge US economic power, but expect Americans to keep their word. In contrast, Trump wants to bind Canada while being free to change terms whenever he wishes. …President Reagan recognised that an integrated North America offers the US a firmer continental foundation for projecting influence globally. By building closer ties, the three democracies of North America could enjoy energy self-sufficiency and even exports, access to key minerals, manufacturing efficiencies, more secure supply chains, a larger market for innovation and better demographics than the rest of the world. …US goods and services trade with Canada has grown to about $900bn a year — and is almost in balance. …No American leader should dishonour the country’s past by treating our closest partners so shabbily. 

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Which Trump-Supporting States Will Feel Canada’s Tariff Fury?

The Walrus Magazine
September 1, 2026
Category: Business & Politics
Region: Canada, United States

The complete index of American products subject to Canadian retaliatory tariffs on September 8 include more than 600 different entries. Searching for patterns can drive you to madness. Butterfly nets will be hit with a 50 percent tariff. So will eye make-up preparations and fish egg incubators. …When asked about the decision-making process, industry minister Mélanie Joly said some goods are meant to hurt Trump-supporting states, though she declined to say which. …States with Republican senators, such as Maine, Ohio, Michigan, Iowa, and Texas, all have substantive trade relationships with Canada—and are considered possible battleground states. Some experts are calling the issue “a political trap for Republicans,” with Democrats already seizing on the matter as a talking point. Here’s a look at some of the red states vulnerable to Canada’s new round of tariffs and the industries that may feel the most hardship.

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U.S. Senator says returning to CUSMA negotiation best path to repair fractured trade relationship

By Sydney Ko
iPolitics
September 1, 2026
Category: Business & Politics
Region: Canada, United States

Ruben Gallego

U.S. Senator Ruben Gallego says returning to the CUSMA negotiating table is the best path toward repairing the fractured Canada-U.S trade relationship. …“I think we should be repealing all of our tariffs between the United States and Canada,” Gallego said on Tuesday in the U.S. Embassy. The Arizona Democrat said his visit was intended in part to reassure Canadians that Democrats do not share Trump’s administrative approach to the relationship, while emphasizing the economic stakes for his home state. This comes as U.S. Senate Minority Leader Chuck Schumer is set to introduce legislation to repeal President Trump’s latest tariffs on Canadian goods, as well as the separate duties that the Trump administration says are linked to forced labour supply chains. …Gellego said the effects of the trade dispute are already being felt in the U.S., pointing to housing as one example because of American reliance on Canadian lumber.

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The Real Risk of a Trade War With Canada: America Needs Its Neighbors to Counter China

By Chad Brown, Senior Fellow, Peterson Institute for International Economics
Foreign Affairs News
September 1, 2026
Category: Business & Politics
Region: Canada, United States

The more the United States undertakes comprehensive efforts to reduce its vulnerability to Chinese economic coercion, the more important it becomes for Canada and Mexico to align their own policies. Misaligned tariff rates across the three countries incentivize the transshipment of Chinese goods to U.S. consumers. …Fundamental differences among the three countries allow for specialization based on what workers and companies in each do best. …Trump’s 2025 and 2026 tariffs pursued too many contradictory objectives. Beijing’s economic coercion clarified the most important task: to quickly create new sources of supply outside China. The ongoing USMCA negotiations present a political opportunity to pursue that objective by better aligning the countries’ tariff policies along three dimensions. …Then, Canada and Mexico need to raise some of their tariffs on China. …The most immediate need is for the Trump administration to stop implementing policies and circulating rhetoric that undermine North American unity.

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The US-Canada trade war in 5 charts

Nadine Yousif, Jessica Murphy, Jess Carr & Daniel Wainwright
BBC News
August 30, 2026
Category: Business & Politics
Region: Canada, United States

The US and Canada appear no closer to resolving their ongoing trade dispute. Here are five charts to help break it all down.

  • The Royal Bank of Canada estimates that Ontario and Quebec are the most impacted by US sectoral tariffs. …Additional US tariffs on $20bn worth of Canadian goods are expected to impact all provinces in some way, though BC, Quebec and Ontario will feel the brunt.
  • Swing states in the cross hairs …The swing state of Ohio will be hardest hit, followed by Illinois and Pennsylvania.
  • From the lowest tariff rates to one with the pack… the average effective US tariff rate on Canada is now higher than Mexico’s, and is approaching the UK and Vietnam.
  • Canada’s exports are going elsewhere… Canada’s exports beyond the US have risen sharply since tariffs were introduced.
  • Fewer jobs and less disposable income… on both sides of the border, tariffs have hit jobs and disposable income.

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Canada reveals newly added items to list of U.S. counter-tariffs

By Spencer Van Dyk, Stephanie Ha and Samantha Pope
BNN Bloomberg
August 27, 2026
Category: Business & Politics
Region: Canada, United States

OTTAWA — The federal government is replacing its counter-tariffs on seafood with 50% levies on a series of other American goods, according to Finance Minister François-Philippe Champagne’s office. …The decision to remove seafood from Canada’s list of counter-tariffs was made in part to avoid giving the appearance of escalation by Canada in the face of a simmering trade conflict with the United States, as the U.S. does not tariff Canadian seafood imports. Newly added to Canada’s list of counter-tariffs include: Wood charcoal; Printed matter, including printed pictures or photographs; Articles of plaster or of compositions based on plaster, including boards, sheets and tiles; Materials used in the conveyance or packing of goods, including bottles, flasks, jars and pots; And copper wire. On Tuesday, the federal government laid out its plan for countermeasures in the ongoing trade war, and announced a $7.5-billion support package for workers and businesses.

 

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LeBlanc welcomes U.S. decision ‘withdrawing positions’ on language, culture

By Peter Zimonjic
CBC News
August 27, 2026
Category: Business & Politics
Region: Canada, United States

Canada-US Trade Minister Dominic LeBlanc says Canada “welcomes” the US “withdrawing” its positions on the French language and culture after US Trade Rep. Greer said Canada’s streaming laws are not a “red line” for the American side. “Canada welcomes that the US is now withdrawing its positions on discoverability and labelling and is confirming that measures to promote French language and Canadian culture will not be subject to future US trade actions,” LeBlanc said. …In a Canadian exclusive interview, Jamieson Greer disputed Canada’s explanation about why trade talks fell apart, and said there’s currently no ‘open channels’ to get both sides back to the negotiating table. …In an interview that aired Wednesday evening, U.S. Trade Representative Jamieson Greer appeared to modify the U.S. position on culture and language. …The Americans’ modified position comes two days after Canada announced its own dollar-for-dollar counter-tariffs on more than 700 different U.S. imports.

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How Trump’s lumber tariffs made a bad situation worse in B.C.

By Tara Carman
CBC News
August 28, 2026
Category: Business & Politics
Region: Canada, United States

More than 20 lumber mills closed across B.C. over the last three years. Billions in wood products affected by U.S. tariffs. Tens of thousands of jobs lost in Canada. …While there are many factors driving the decline, recent U.S. tariffs haven’t helped. But Donald Trump is hardly the first U.S. president whose government has imposed steep duties on Canadian lumber. The tariffs are the latest chapter in a dispute that’s been going on for more than four decades. …It boils down to differences in how much Canadian and American producers have to pay for access to wood, according to Export Development Canada (EDC). …U.S. reaction is divided, with the lumber industry largely supportive, and those forced to pay higher prices for building materials — such as the National Association of Homebuilders —  opposed. …The U.S. Lumber Coalition’s van Heyningen applauded the tariffs.

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U.S. Trade Representative Jamieson Greer disputes why trade talks fell apart

By Rosemary Barton, chief political correspondent
CBC News (Interview transcript)
August 26, 2026
Category: Business & Politics
Region: Canada, United States

Barton: You know, it was just a week ago, incredibly, that you and your counterpart, Dominic LeBlanc, shook hands outside, seemed pretty confident that there was a deal to be had. From your perspective, what happened that caused the talks to collapse?

Greer: We felt very, very confident in the deal we had struck late Tuesday night. And we felt confident enough that we added on a few extra days to just get everything down on paper. We had agreed to really the best deal available to any country on the planet with respect to Canada. And then, you know, Minister LeBlanc went back to Ottawa and they spoke with premiers, spoke with the prime minister. And when they came back, they had some additional views, they had some additional requests, they had some additional things that were too much for the United States. It wasn’t something we could do at the time.

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Trump reportedly suggests U.S. added conditions at 11th hour of negotiations as Canada hits back on tariffs

CTV News
August 25, 2026
Category: Business & Politics
Region: Canada, United States

The Canadian government has announced its plan to hit the United States with dollar-for-dollar counter-tariffs on hundreds of American products after US President Trump’s 50% tariffs on roughly $28 billion worth of Canadian goods came into effect. On Tuesday, the White House released a statement that outlined what it claimed were a “record of Canadian abuse,” including restrictions on US products and retaliatory measures. …In a phone call with CNN, Trump suggested that the US added new conditions in its trade negotiations with Canada at the 11th hour ahead of last week’s deadline. “That sounds like me,” Trump said. 

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The U.S. and Canada could pull back from an all-out trade war. It’s not clear that they will

By Paul Wiseman and Rob Gillies
The Associated Press
August 26, 2026
Category: Business & Politics
Region: Canada, United States

WASHINGTON — The US and Canada have ramped up their trade war, hitting each other with steep new tit-for-tat tariffs. Despite the bravado coming from both sides of the border, though, analysts suspect the longtime allies will eventually strike a deal to end a conflict neither really wants. The prospects for compromise looked bleak Tuesday, with Canadian Prime Minister Carney reacting to new 50% US tariffs by responding in kind on about $20 billion worth of American imports. …With the breakdown threatening to harm one of the world’s largest trading relationships and clouding efforts to renew the US-Mexico-Canada Agreement, experts cautioned that there’s still time to pull back from the brink. They’ve done it before. “If there is political will, there is an off ramp,’’ said former US trade negotiator Wendy Cutler.

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US faces surging toilet paper prices amid trade war with Canada

By Lauren Aratani
The Guardian US
August 26, 2026
Category: Business & Politics
Region: Canada, United States

Using the bathroom or having a cry is about to become more expensive for North Americans as the US and Canada enter a full-fledged trade war that threatens to flush away decades of peaceful trading between the two nations. …Paper products are among the hardest-hit sectors, with Canada threatening to put tariffs of between 25% and 50% on “toilet paper or face tissue stock” in retaliation for a 50% hike from Washington. Though American toilet paper and tissues are made domestically, they heavily rely on lumber-rich Canada for raw materials. Procter & Gamble, the owner of Charmin toilet paper, said last year that it would have to increase prices amid tariffs that were in place at the time. The US imported $328m worth of toilet paper from Canada in 2024. …The US accounts for more than 20% of global tissue consumption despite having only 4% of the world’s population. And it’s not just paper products that could rise.

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Concerns increase as Port Alberni’s largest employer faces U.S. tariffs

By Dean Stoltz
Chek News
August 24, 2026
Category: Business & Politics
Region: Canada

The Domtar paper mill on the Port Alberni waterfront is the area’s biggest employer, with 350 people making specialized food packaging and food-grade papers. But in the light of a new round of 50% tariffs levied by US President Trump, Port Alberni Mayor Sharie Minions is worried about the future of those jobs. …In 2020, Domtar spent $13 million to switch production primarily to the food packaging grade paper, an important diversification at the time, but it’s unclear how much of it goes to the U.S. and would be subject to the new tariffs. …Industry analyst David Elstone says the entire BC forestry sector will be hit hard and it comes right after Domtar closed other mills, including at Crofton and Howe Sound. …”A billion dollars worth of BC wood products will now be subject to the new tariffs, including plywood, veneer, paper and packaging products, furniture, MDF and doors. And that’s what these tariffs go after: these value-added products,” said Elstone. 

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Canada is no U.S. ‘subsidiary,’ Carney says, urging world to take lesson

By Uday Rana
Global News
August 24, 2026
Category: Business & Politics
Region: Canada

Canada will “of course” come to the negotiating table again, but not to be treated like a “subsidiary” of the US, Prime Minister Carney said after US President Trump imposed 50% tariffs and threatened more. “An attitude at the negotiation table that Canada is a subsidiary of the US…  that’s not something we’re going to accept,” Carney said. …“There is a mutually beneficial deal possible here, but it has to be one that respects Canada’s sovereignty, that respects our independence, that uses our complementary strengths to build something better,” Carney added. …Trump on Monday said, “Someone should get these clowns to “fall in line” or, the consequences for Canada will be far WORSE!” …Canada’s forestry sector groups welcomed the federal government’s decision to extend support for businesses affected by Trump’s new tariffs. …The new tariffs could take off between 0.3 to 0.5 per cent off Canada’s GDP, said Deloitte’s Dawn Desjardins. 

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A missed opportunity for Canada to partner with the United States, the fastest growing economy in the G7

By Jamieson Greer
United States Trade Representative
August 21, 2026
Category: Business & Politics
Region: Canada, United States

Jamieson Greer

Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the US offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days. In addition, Canada is continuing to maintain its prolonged retaliation against the US. …This week, the United States agreed to provide significant tariff reductions on steel, aluminum, autos, and lumber. The US offer was also forward looking, and included a historic economic and national security partnership to cooperate on export controls, combat transshipment, enhance digital trade, and align certain external tariffs. The offer would have led to supply chain coordination on aerospace, complementary actions to address unfair trade practices, critical minerals cooperation, increased enforcement against imports produced with forced labor. 

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Derek Nighbor on what the forest industry needs to survive the difficult trade road ahead

CTV News
August 22, 2026
Category: Business & Politics
Region: Canada, United States

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Nanaimo’s business community prepares for new American tariffs

By Robert Barron
Nanaimo News Bulletin
September 1, 2026
Category: Business & Politics
Region: Canada, Canada West

Nanaimo is bracing for the impacts the implementation of the 50% tariffs on billions of dollars in Canadian goods that came into effect on Aug. 22 will have on the local business community. Julie Sperber, the new CEO of the Greater Nanaimo Chamber of Commerce said… it’s clear that many of the region’s forest companies are going to take a big hit. …“Companies like the Harmac Pacific pulp mill won’t be affected as much because much of their products go to Asia, but Coastland Wood Industries are feeling the impacts of US tariffs for the first time.” Secondary-wood products like veneer sheets have been explicitly targeted for the first time. Doug Pauze, president of Coastland, said the company has scaled back production. …Sperber said officials from Western Forest Products and Mosaic Forest Management have planned meetings with government members in Victoria to discuss strategies to deal with the tariffs.

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Vancouver Island MP asks Ottawa to consider buying Crofton mill

By Kendall Hanson
Chek News
August 28, 2026
Category: Business & Politics
Region: Canada, Canada West

The Member of Parliament for Cowichan-Malahat-Langford is calling on the federal government to explore how it could potentially use the Crofton mill. MP Jeff Kibble is floating the idea of it being used by the Department of National Defense. …On Friday, crews were loading logs onto a ship at its deep sea port. It’s one of the key assets of the property that has the region’s MP calling on Ottawa to consider the property’s purchase. “What I recommended is that the government immediately conduct a feasibility study to see if this is an opportunity to expand the base at Esquimalt. We know that the opportunity to have a deep water industrial site is rare and we also know that the navy is expanding rapidly,” said Kibble. Kibble served in the Royal Canadian Navy for 28 years. …When asked about Kibble’s proposal, Domtar said it’s “exploring a variety of possibilities for the future of the site”.

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B.C. has talked buy Canadian. Now it’s clear we need a policy that says so

By Kiersten Enemark, Council of Canadian Innovators
The Vancouver Sun
August 28, 2026
Category: Business & Politics
Region: Canada, Canada West

Kiersten Enemark

Since the U.S. began imposing tariffs of up to 50% on tens of billions of dollars of Canadian goods. …Forestry has been hit hardest: BC is Canada’s largest lumber producer, and roughly $6.7 billion in exports to the US in 2024 are now caught up in the new tariffs, on top of decades of softwood lumber duties. …Industry groups also flag a serious risk: even without new tariffs, rising trade tension could push American buyers, especially public-sector ones, toward domestic suppliers, squeezing Canadian companies out of U.S. contracts. Premier David Eby responded with urgency, directing Crown corporations and agencies last year to exclude U.S. suppliers from new contracts wherever possible, and then expanded that to existing contracts, too. It’s the right directive: use the province’s purchasing power to back Canadian business when it needs it most. …B.C. still has no legislation, regulation or formal procurement framework requiring public agencies to prioritize Canadian suppliers. [A Vancouver Sun subscription may be required for full story access]

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Harmac not directly impacted by American tariffs

By Robert Barron
The Nanaimo News Bulletin
August 28, 2026
Category: Business & Politics
Region: Canada, Canada West

It’s a dynamic moment in time for Nanaimo’s Harmac Pacific pulp mill and the whole coastal forest industry, according to CEO Paul Sandler. Sadler said that the new American 50% tariffs… are not directly impacting Harmac’s operations at this time, but the tariffs’ likely repercussions on the coastal saw and lumber mills… are very worrying. Harmac requires a significant amount of wood chips to produce its high-value kraft pulp that is used globally for tissue, packaging and paper production. …But Sadler said, the biggest news for the forest industry on the B.C. coast recently was the indefinite closure of Domtar’s Howe Sound pulp and paper mill on the Sunshine Coast. …“We need more pulp capacity on the coast to meet the demand than Harmac and the pulp operation in Port Alberni can provide. …Sadler said it’s vitally important that the region’s sawmills get back to operating at full capacity.

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B.C. forestry leader backs Canada’s trade walkout despite possible softwood progress

The Canadian Press in Business in Vancouver
August 26, 2026
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER — A leader in BC’s forestry sector is voicing support for Prime Minister Carney’s decision to walk away from trade talks with the US despite reported concessions on lumber tariffs in a scuttled deal. Kim Haakstad, president of COFI, says the breakdown of talks will create challenges for her sector, but Ottawa had to walk away if negotiators couldn’t secure a deal that worked for Canadians broadly. …BC Premier David Eby said that he understood some progress had been made in addressing the long-standing softwood lumber dispute during the most recent talks and it was “disappointing” to see that fail to materialize. …Haakstad called for measures including reducing regulatory restrictions to allow quicker access to BC lumber for a more competitive product on the global market. …She said Ottawa could also help by addressing rail transport costs, a significant barrier for Canadian lumber producers looking to sell products domestically.

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Port Alberni leaders say paper mill is safe

By David Wiwchar
The Nanaimo News Now
August 25, 2026
Category: Business & Politics
Region: Canada, Canada West

Port Alberni’s 80-year old paper mill is safe according to local leaders. The economic centre of the city is now reeling from partner pulp mills closing, high fibre prices, and Trump’s tariffs, creating a cloud of concern. Courtenay – Alberni MP Gord Johns said governments have given successive ownership companies millions of dollars in funding and tax breaks, and he’s been assured by the current owners Domtar that the Port Alberni paper mill is safe from closure. “The indications that I got in my conversations with the company is that there is no threat of imminent closure in Port Alberni, so that was positive, and all indicators right now is that operations aren’t under threat,” he said. Port Alberni Mayor Sharie Minions agrees. …Domtar’s Senior Manager of Strategic Communications Brenda Martin, said they do not anticipate any disruption to the mill’s production schedule or their ability to meet customer commitments.

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B.C. businesses hope Carney counter-tariffs can provide new opportunities for them

By Derrick Penner
The Vancouver Sun
August 24, 2026
Category: Business & Politics
Region: Canada, Canada West

Hundreds of stunned B.C. businesses are scrambling. …Doug Pauze, president of Coastland Wood Industries woke up Saturday to an escalating trade war with a 50% tariff target on the wood veneer that Coastland produces. With about 50% of its product typically exported to the US… that means scaling back production. For now, he’ll will avoid layoffs among his 320 employees. What the industry needs from counter-tariffs, he added, is for Canada to put an equal focus on the same amount of competing wood products coming into Canada, because “there (are) no other market options.” …Prime Minister Carney has vowed to levy counter-tariffs on US imports. BC business owner Baha Naemi hopes his government focuses on markets where Canadians can fill any voids the counter-tariffs create. Naemi’s company, CanCorr, makes corrugated cardboard and boxes in Surrey. …BC imports more corrugated paper products from the US than it exports, creating opportunities for Canadian producers hit by tariffs.

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‘Absolutely worst situation’: B.C. forestry sector fears it will be hardest-hit by U.S. tariffs

By Jacqueline Gelineau
CBC News
August 25, 2026
Category: Business & Politics
Region: Canada, Canada West

BC’s forestry industry expects it will be one of the hardest-hit sectors by the United States’ new 50% tariffs on Canadian goods. …”This is clearly an attack on Canada,” said Derek Nighbor, president of FPAC. Nighbor said the most recent trade action by the US government captures more than $4 billion in Canadian lumber products that include not only raw materials, but also value-added and processed goods like fibreboard, particleboard, paper packaging, and wood moulding products. …David Elstone, a strategic advisor, “Unequivocally, this is the worst, absolutely worst situation we’ve ever been in.” …Kim Haakstad, CEO of COFI, said the lumber industry as a whole is deeply invested in developing international markets and relationships overseas, but cannot compete on a global stage. She said the high cost of Canadian lumber is driven by both federal and provincial harvesting regulations, making it difficult to diversify to markets beyond the US.

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Forestry giant behind idled B.C. mill received millions in government funding

By Simon Little and Alanna Kelly
CBC News
August 21, 2026
Category: Business & Politics
Region: Canada, Canada West

A day after Canada’s largest forestry company announced plans to stop work at a pulp and paper mill on BC’s Sunshine Coast, community members say they are still reeling. …”The reaction here has been shock all throughout the community, that’s all up and down the Sunshine Coast, and there’s a lot of uneasiness as well,” said Gibsons Mayor Silas White. …The mill’s owner, Domtar said the mill’s equipment would be kept in a state that allows it to be restarted, but declined further comment. …A Greenpeace report found Domtar and its subsidiaries received at least $200 million in provincial and federal funding across the country between 2020 and 2024. …”We have provided a considerable amount of support to Domtar in its facilities over the last number of years,” BC Forests Minister Ravi Parmar said. “The commitment that I’m looking for from Domtar is to maintain their operations in BC and to make investments.”

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Ken Kalesnikoff says forestry in Canada is in free fall and mostly for domestic reasons

By Stuart McNish
Conversations That Matter in the Vancouver Sun
August 21, 2026
Category: Business & Politics
Region: Canada, Canada West

Ken Kalesnikoff

“Canada’s forest sector is at an inflection point,” the Canadian forest sector transformation task force says. “Despite stewarding nearly nine per cent of the world’s forests and delivering over 199,000 direct jobs in 300 forest-reliant communities, and $23.5 billion in GDP, the sector is no longer globally competitive nor an attractive destination for large-scale investment,” the group warns. “Over the past two decades, Canada has experienced declining production, capital flight, prolonged mill closures, and weakened investor and workforce confidence — trends not observed in peer forest nations such as Finland. The report acknowledges that sustained U.S. softwood lumber duties, global market shifts, insect outbreaks, and wildfires have exacerbated industry challenges. However, the task force’s conclusion is unequivocal. “The most significant barriers to competitiveness are homegrown. Absent immediate, co-ordinated, and decisive action, the forest sector faces an existential risk.” [See 23 min video here]

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Forestry workers in the spotlight on Day 2 of Canadian Council

Unifor Canada
August 29, 2026
Category: Business & Politics
Region: Canada, Canada East

Stéphane Lefebvre

Delegates to Unifor’s Canadian Council in Ottawa turned their attention Saturday to advancing national bargaining priorities and defending workers in industries facing profound economic change. Council addressed the mounting crisis facing workers in Canada’s forestry industry, which employs close to 200,000 people, where mill closures, curtailments and workforce reductions have devastated communities already confronting U.S. tariffs, volatile export markets and insufficient investment. “Employers and governments have repeatedly underinvested in the forestry industry,” said Unifor Quebec Director Daniel Cloutier. …Stéphane Lefebvre, President of the Unifor’s Forestry Council, who himself is facing a workplace closure, presented a National President’s Recommendation: Fighting for the Future of Canada’s Forestry Sector, which calls for a comprehensive strategy to transform and strengthen the sector. Council adopted the recommendation that day at council. “We are going to have a National Day of Action in forestry communities all over the country,” said Unifor National President Lana Payne vowed.

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Northern Pulp’s demolition to close a hard chapter in Pictou’s history

By Aaron Beswick
The Chronicle Herald
September 1, 2026
Category: Business & Politics
Region: Canada, Canada East

The half-century-old mill at the heart of debate and division in Pictou County is coming down. Environment Minister Timothy Halman issued an amended order allowing the mill’s current owner, Northern Timber Nova Scotia Corp., to tear it down and clean up the site at Abercrombie Point. …“As part of the company’s requirement, the updated ministerial order also requires the company to determine if any upgrades are needed to its surface water management process.” The company has said it intends to start work associated with the demolition “as early as September.” …Halman’s directive gives the company 18 months to complete the work, with all solid waste, including construction and demolition debris, going to a facility approved of by his department. …Northern Timber’s 172,000 hectares of forest land and its tree nursery were sold to Tidnish Holdings as part of Northern Pulp’s creditor protection proceedings. …$15M was set aside for winding up the plant.

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Teardown of former Northern Pulp mill could begin next month

By Michael Gorman
CBC News
August 27, 2026
Category: Business & Politics
Region: Canada, Canada East

The wrecking ball is readying for the former Northern Pulp mill, a once major player in Nova Scotia’s forestry sector that also came to be recognized as one of the province’s most prominent examples of environmental racism. Environment Minister Tim Halman announced an amended ministerial order on Thursday, clearing the way for the decommissioning, abatement and demolition of buildings and other infrastructure at the site in Abercrombie that sits on the edge of Pictou Harbour. Officials with Northern Timber Nova Scotia, the company that owns the property, expect the work to begin as early as September. …Halman’s amended order says all solid waste, including construction and demolition debris from the mill site, must be disposed of in an approved facility and everything must be removed within 18 months. …An official for Domtar said the work is expected to be complete in the last quarter of 2027,” Brenda Martin said.

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New Brunswick businesses say their customers are choosing alternatives to U.S. products

By Erica Butler
CBC News
August 26, 2026
Category: Business & Politics
Region: Canada, Canada East

Robert Lennon

A New Brunswick wood supplier said its customers don’t want to buy products sourced in the US, as the ongoing tariff war between Canada and the U.S. escalates. “There’s been a change in behaviours across Canada,” said Bob Lennon of Bathurst-based Thermalwood Canada. The heat-treated hardwood business occasionally brings in wood from the US, said Lennon. But when the company started including caveats about tariffs in their quotes, about half of its customers started asking where their wood is sourced. They “would say no if it came from the US,” he said. …And because the US has launched new tariffs across the world, Lennon said he’s also hearing the same from European customers. …Fed. Minister Dominic LeBlanc, said one of the main factors in determining the list of products for retaliatory tariffs was the availability of substitutions, in order to avoid driving up the cost of consumer goods in Canada.

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Temiscaming’s RYAM plant is closing its industrial complex; 400 workers affected

By Jennifer Hamilton-McCharles
The North Bay Nugget
August 26, 2026
Category: Business & Politics
Region: Canada, Canada East

The former Tembec plan, now known as Rayonier Advanced Materials (RYAM) is closing its industrial complex in Témiscaming. The closure is expected to take place Sept. 15 and will impact 400 unionized workers. The news was delivered to RYAM employees Wednesday, sending shockwaves and panic throughout the small French community. “The community is panicking right now because we don’t know much,” said Carole Lambert. RYAM is one of the region’s largest employers. “…The forestry industry is now on life support, and all of this is entirely the work of you-know-who,” a local podcaster posted on his social media profiles. Daniel Cloutier, Quebec director of the Unifor union told various media outlets about 400 unionized workers will lose their jobs, as well as, managers and related employees. …“They’re not wrong that they will be affected by tariffs. However, we know that this plant has been put in a precarious position for several years,” Cloutier stated. 

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Trump’s Trade War With Canada Is Costly, Absurd, and Unfunny

By Eric Boehm
Reason Magazine
August 31, 2026
Category: Business & Politics
Region: United States

The White House’s official Twitter account shared a photo of a bald eagle tackling a Canadian goose. The intended message was not exactly a subtle one. But the post did illustrate how… President Trump thinks about international trade more broadly: as a win-or-lose struggle… lest they keep “ripping us off.” That logic completely unravels if you think about it for more than a minute. American consumers and businesses are being taken advantage of by Canadians who…are offering to sell us aluminum, oil, and wood while buying our farm goods, machinery, and ethanol? Americans and Canadians trade hundreds of billions of dollars’ worth of goods every year in voluntary, mutually beneficial transactions. But Trump wants a fight for the sake of a fight, and the details don’t matter. More importantly, there is unlikely to be a winner because higher tariffs on both sides of the border will make both countries poorer.

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Brazil’s Pulp and Paper Mills Lose Ground and Now Want Import Tariffs

By Jason Ross
Wood Central Australia
August 26, 2026
Category: Business & Politics
Region: United States, International

Exporters across Brazil shipped US$7.5 billion of pulp, paper, and wood panels over the first half of 2026, down 5.9 per cent on the same months last year, while imports of paper into a market that has always supplied itself climbed 30.5 per cent. That is according to Indústria Brasileira de Árvores, the association representing the country’s pulp, paper, and panel producers, which last week revealed that its export sales into the North American market had sunk by 22.9 per cent. “There is an excess of production from some countries being directed to Latin America and Brazil,” Paulo Hartung said, with the Ibá president putting the half-year down to wars and to a resurgence of protectionism that has disorganised international supply chains. Pulp, the biggest single line in the sector’s export schedule, accounted for $5.2 billion of that total, with export volumes down 10.5 per cent to 9.4 million tonnes, while production held near-stable at 13.9 million tonnes.

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Trump’s trade war with Canada could rattle economies in states with key Senate races

By Bill Farrow and Patrick Whittle
The Associated Press in Bloomberg
August 25, 2026
Category: Business & Politics
Region: United States

PORTLAND, Maine — US President Trump’s trade war with Canada is escalating as the midterm elections approach, threatening Republican efforts to address voters’ economic concerns in a year when control of the US Senate hinges on states along the border between the US and its northern neighbor. The dispute flared over the weekend after negotiations broke down, leading Trump to raise tariffs on $20 billion in Canadian imports. Canada plans to announce tariffs of its own on Tuesday. Republican Sen. Susan Collins of Maine, one of Democrats’ top targets this year, warned that fallout from Trump’s approach would hurt U.S. businesses and consumers. The issue also puts pressure on Republicans in Michigan, Ohio and Alaska, states where Canada is an important trading partner. …“This is something where we don’t actually expect a huge impact,” US Trade Representative Jamieson Greer told reporters.

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Records show ruptured tank at Longview paper mill was being worked on, scheduled for replacement before incident

By Erik Neumann
Oregon Public Broadcasting
August 24, 2026
Category: Business & Politics
Region: United States, US West

The chemical tank that collapsed in late May, killing 11 people at a paper mill in Longview, Washington, was being worked on and scheduled for replacement at the time of the incident, according to statements from staff at the facility released by the Cowlitz County Sheriff’s Office. Multiple employees of Nippon Dynawave Packaging Company said they noticed scaffolding around the tank, indicating some work was being done on it. A maintenance supervisor at Nippon Dynawave told a deputy the tank “was scheduled to be replaced sometime next year.” The exact reasons why the 900,000-gallon chemical tank was being serviced and slated for replacement are unknown. …Nippon Dynawave spokesperson Sam Jefferies declined to comment when asked about the statements from paper mill employees about the tank’s condition and scheduled replacement. “At this time, we will not speculate about the root cause without the full facts,” he said in the statement.

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Timber Was Gold in the South—Until a Market Collapse Crushed the Forest Economy

By Ryan Dezember
The Wall Street Journal
August 27, 2026
Category: Business & Politics
Region: United States, US East

SAVANNAH, Georgia — The South, and Georgia in particular, have borne the brunt of a historic run of pulp and paper-mill closures as recycled boxes, cheap imported pulp and more thrifty packing by e-commerce giants, including Amazon.com, have hit demand. Last year, the US shed roughly 10% of its capacity to produce containerboard. …Demand for pulpwood plummeted. So did demand for wood chips, sawdust and other byproducts. Prices across the South are at the lowest level in nearly 40 years before factoring in inflation. In some parts, there’s essentially no market. Some growers are, for the first time, having to pay to have their pulpwood removed. …A search is on to create new sources of demand. Weyerhaeuser, the South’s largest timberland owner with about 6.6 million acres in 11 states, is spending hundreds of millions of dollars to build facilities in Arkansas and Mississippi to turn pulpwood surpluses into engineered lumber and an alternative to metallurgical coal, respectively. [to access the full story a WSJ subscription is required]

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‘Absolutely been stealing us blind for years’: Tuberville slams Canadian government as trade war ramps up

By Austen Shipley
1819 News
August 27, 2026
Category: Business & Politics
Region: United States, US East

Tommy Tuberville

ATHENS, Alabama — U.S. Sen. Tommy Tuberville  addressed a growing trade war between the United States and Canada while speaking Wednesday at the Athens-Limestone County Chamber of Commerce’s 2026 Washington Update. According to Tuberville, a member of the Senate Ag Committee, the Canadian government has severely undercut America’s forestry industry in recent years, contributing to the current conflict. “Canada has been a big problem for us,” said Tuberville. “Our foresters, people who are in the sawmill business and the lumber business, have been to see me several times in the last few years because Canada subsidizes its lumber business up there. The government puts money in that they can’t afford, and they’re shipping lumber into our country, in our state, and it’s killing our foresters. Our lumber’s not worth anything.” Tuberville hopes that recent additional tariffs on Canadian goods will help relieve the tense economic situation for many American industries.

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The $2 Billion Brawl Over a Ruinous Wood-Pellet Trade

By Ryan Dezember
The Wall Street Journal
August 27, 2026
Category: Business & Politics
Region: United States, US East

The fight for restitution is on at a fallen green-energy giant, following one of the most disastrous commodity trades of the decade. The ill-fated wood-pellet trades that bankrupted Enviva during the sustainable-investing boom were made by executives hoping to trigger their own bonuses, according to creditors who are seeking more than $2 billion in damages. Instead… the nine-figure trades backfired and bankrupted the company, which once had a nearly $6 billion market value. Five of the company’s top executives concealed the inordinately large and risky trades from its board, according to a lawsuit, suppliers and others with claims. …Enviva said it wasn’t involved in the litigation, and none of the former executives named in the suit are affiliated with the reorganized company, which emerged from bankruptcy in December 2024 with new owners and leadership. …The company was considered one of the winners of the green-energy boom. [to access the full story a WSJ subscription is required]

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Philly packaging company faces rising costs amid Canada tariffs, trade tensions

By Lauren Mayk
Wisconsin Public Radio
August 26, 2026
Category: Business & Politics
Region: United States, US East

A century-old Philadelphia packaging company is closely watching tariffs and trade negotiations with Canada as it deals with rising costs for materials it uses every day. F. P. Woll & Company, a family business in Northeast Philadelphia, makes packaging for other companies and their products, ranging from cameras to kitchen sinks. Fred Woll runs the company, which has about a dozen employees and a sprawling production operation. …The latest tariffs and trade negotiations with Canada are creating another challenge for the business. One key material the company uses is CDX plywood from Canada. …The company’s concerns extend beyond the materials it needs for its own products. Woll said tariffs on materials used by its customers, including aluminum, can also affect his business if those customers cut production. …Canada is Pennsylvania’s biggest trading partner. Data shows the state sent about $14 billion in goods to Canada last year and imported about $13 billion.

In related coverage:

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Australia clears Kimberly-Clark’s acquisition of Kenvue but requires Carefree, Stayfree divestment

Reuters
September 1, 2026
Category: Business & Politics
Region: International

Australia’s competition regulator on Wednesday approved Kimberly-Clark’s proposed $40 billion takeover of Kenvue, ​on condition the company divests Kenvue’s Carefree ‌and Stayfree period care brands in the country to address competition concerns. The ​Australian Competition and Consumer Commission (ACCC) said ​the period care brands should be divested ⁠to an approved purchaser. The regulator said ​without the divestment, the deal could lessen competition ​in period care products supply, with both companies being two of the three major suppliers of ​period care products in Australia. The deal, announced ​in November, would allow Kimberly-Clark to bring in Kenvue’s ‌famous ⁠global brands such as Listerine mouthwash and Neutrogena, but would expose the company to lawsuits Kenvue faces over Tylenol. …”The divestiture will preserve an ​independent ⁠competitor in the supply of period care products in Australia,” ACCC Commissioner Philip Williams said.

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Takeover bid offers lifeline to Fibre Excellence pulp mill in Saint-Gaudens, France

La Dépêche
August 24, 2026
Category: Business & Politics
Region: International

SAINT-GAUDENS, France — A consortium backed by the Occitanie Region has submitted a takeover offer for Fibre Excellence’s Saint-Gaudens pulp mill, providing a potential lifeline for the troubled French producer. The proposal, which includes building-products group Soprema and other industrial partners, calls for €90 million in investment and would preserve approximately 270 jobs. The regional government’s investment agency, ARIS, submitted the bid while participating companies finalize their commitments. One European industrial group is expected to operate the pulp business, while Soprema plans to develop additional activities at the site. Fibre Excellence entered insolvency proceedings in April after its Indonesian shareholder declined further investment. The proposal can be refined until September 3, with the Toulouse Commercial Court scheduled to consider it September 8. [English translation by AI. The full story on La Dépêche is in French only]

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Finance & Economics

Canada’s housing market seems to be finally taking steps toward recovery in 2026

By Robert Hogue, Assistant Chief Economist
RBC Economics
September 1, 2026
Category: Finance & Economics
Region: Canada

Canadian home resales have been on a winning streak since April, inventory has levelled off, and prices appear to be stabilizing or at least falling more slowly. We see room for further gradual progress ahead as improved affordability and brightening job prospects shore up confidence, increasingly unlocking pent-up demand and slowly draining piled up inventory. But, the path is unlikely to be smooth or uniform across the country. The prolonged market correction in Ontario and BC will take time to heal. And, more resilient regions have little upside left amid stable or rising interest rates and stagnant population growth. …We project home resales and the benchmark price index to fall -3.6% to 453,200 units and -2.3% to $794,200, respectively, this year mainly reflecting weakness this winter and early spring. Recovery will become more visible by 2027 when we forecast transactions to grow 6.7% to 483,600 units, and the benchmark value edges higher by 0.8% to $800,700.

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Bank of Canada set to hold as trade war creates new dilemma for Macklem

By Erik Hertzberg
Canadian Mortgage Trends
September 1, 2026
Category: Finance & Economics
Region: Canada

The Bank of Canada is likely to hold borrowing costs steady, as an escalation in the trade war with the U.S. threatens the economic recovery while adding to inflation risks. Economists and markets expect policymakers led by Governor Tiff Macklem to keep the policy rate at 2.25% on Wednesday. It would be the seventh straight hold — but the mood surrounding the country’s relationship with its top trading partner has changed dramatically since the last one, in July. …“Heightened growth risks from new U.S. tariffs and inflation risks from high oil prices likely created more discomfort for the Bank of Canada since their last meeting in July, but not enough to push them off the sidelines,” Nathan Janzen and Claire Fan, economists at Royal Bank of Canada, wrote. Tariffs will add to inflation while weighing on growth, reviving a dilemma Macklem and his governing council have highlighted throughout the trade war.

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What tariffs will really cost Canadians and Americans

By Michael Race
BBC News
August 28, 2026
Category: Finance & Economics
Region: Canada, United States

As the dust settles in this tit-for-tat tariff row, what will be affected most on both sides of the border? …Construction materials such as steel, aluminium as well as lumber wood have had tariffs in place before the latest escalation, though Canada has now matched US rates on the metals at 50%. Carney has also imposed import taxes on several US wood products, such as plywood, and even screws used to fix timber together. That means building firms that import such materials will face higher costs and may choose to pass those on through higher prices – pushing up the cost of homes, for example. The Forest Products Association of Canada says tariffs would “raise costs on both sides of the border”, while on the US side, Bill Owens, chairman of the National Association of Home Builders (NAHB) urged Trump to make building materials exempt from his tariff agenda due to an “ongoing housing affordability crisis”.

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US housing costs could climb again in a trade war

By Fergal McAlinden
The Mortgage Professional America
August 28, 2026
Category: Finance & Economics
Region: Canada, United States

New US tariffs on Canadian wood products threaten to raise construction costs for US homebuilders and squeeze supply chains already stretched thin as a potentially long and bruising trade war gets underway. …“Basically, the fact that there’s import tariffs on Canadian shipments to the US and vice versa is going to raise the cost of production for everyone, ultimately through the housebuilder to the consumer,” wood market expert Russ Taylor told Mortgage Professional America. …The full impact on homebuilders could take a few months to become clear but the direction of travel is clear, he said. “The builders either can’t find product or the prices go higher for certain products, and then that starts to influence homebuilders,” he said. “Probably not right away – everyone’s got inventory to sell – but certainly looking ahead a couple of months from now, that’s when some shortages or stockouts could start to occur.”

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Trump’s tariffs on Canadian plywood and laminated wood panels just went into effect. What does it mean for the Architecture, Engineering and Construction industry?

By Daniel Jonas Roche
The Architect’s Newspaper
August 24, 2026
Category: Finance & Economics
Region: Canada, United States

“Tariffs on Canadian plywood will exacerbate the pressures already weighing on the entire construction sector, with the housing market poised to bear the heaviest burden,” AIA’s chief economist Richard Branch said. “For some time now,” Branch added, “a series of destabilizing factors has clouded the road ahead, making it difficult for developers and architecture firm leaders to plan future projects with confidence. When leaders in construction can’t make informed decisions, momentum stalls—and construction activity slows further.” …Thirty-six different types of plywood are impacted by Section 338 duties. The NAHB said the tariffs will increase housing costs and slow down construction. According to BC Wood, coniferous wood used for moldings, doors, floors, and more, particle board, medium-density fiberboard, and other products have been tariffed. …The Decorative Hardwood Association, Kitchen Cabinet Manufacturers Association, and Coalition for Fair Trade in Hardwood Plywood are in favour of the tariffs.

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50% tariff on Canadian goods takes effect, raising lumber prices

By Morgan Riddell
Associated Press in KCTV News 5
August 24, 2026
Category: Finance & Economics
Region: Canada, United States

KANSAS CITY, Missouri — A 50% tariff on goods coming from Canada is officially in effect after negotiations crumbled over the weekend, putting a higher price on a large list of imports including lumber and plywood. Pete Peterson, manager at Sutherlands, said prices went up as soon as the news hit. “We don’t want to raise the prices, but we’re just kind of forced to”. Peterson has worked at Sutherlands for over a decade and has seen tariff impacts before. …“Once it’s landed here, it is what it is. Prices are adjusted to what the future prices are going to be. So homeowners, they’re doing less remodeling and stuff.” …“Spring and fall are your renovation times for outdoor projects and stuff. We’re seeing a definite slowdown and people’s need for just everyday projects. Decks, fixing barns, whatnot. Construction, that’s year-round. But homeownership, that’s where our type of business really feels it.”

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Atlas Engineered Products reports Q2, 2026 net loss of $307,000

Atlas Engineered Products Ltd.
August 25, 2026
Category: Finance & Economics
Region: Canada, Canada West

NANAIMO, BC — Atlas Engineered announced its financial and operating results for the three and six months ended June 30, 2026. Revenue for the three and six months ended June 30, 2026 was $16,211,481 and $25,507,562, respectively, compared to revenue of $13,653,148 and $24,663,863 for the three and six months ended June 30, 2025, representing a 19% and 3% increase, respectively. Revenue increased due to the expansion of the sales team for market growth, and the acquisitions of Truss-Worthy and Penn-Truss. …Gross profit for the three and six months ended June 30, 2026 was $2,829,127 and $3,102,302 compared to $2,325,939 and $4,066,534 for the six months ended June 30, 2025, respectively. Net (loss) income after adjustments and taxes for the same periods was $307,000 and $1,731,000, respectively.

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US construction spending fell 0.5% in July, down 3.8% from a year ago

The US Census Bureau
September 1, 2026
Category: Finance & Economics
Region: United States

Construction spending during July 2026 was estimated at a seasonally adjusted annual rate of $2,157.6 billion, 0.5 percent below the revised June estimate of $2,167.7 billion. The July figure is 3.8 percent below the July 2025 estimate of $2,242.6 billion. During the first seven months of this year, construction spending amounted to $1,244.6 billion, 3.5 percent below the $1,289.7 billion for the same period in 2025. …Spending on private construction was at a seasonally adjusted annual rate of $1,614.2 billion, 0.5 percent below the revised June estimate of $1,622.9 billion. Residential construction was at a seasonally adjusted annual rate of $859.0 billion in July, 1.3 percent below the revised June estimate of $870.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $755.2 billion in July, 0.4 percent above the revised June estimate of $752.4 billion.

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When trade war fallout hits the housing market

By Erin Ruddy
The REMI Network
August 26, 2026
Category: Finance & Economics
Region: United States

The brewing tension between Canada and the US has escalated into a full‑blown trade war, disrupting cross‑border supply chains, driving up the cost of construction materials, and threatening to throw the timelines of major housing projects into disarray. …Developers already grappling with labour shortages, high interest rates, and soaring land costs, now face a destabilizing force that could impact every aspect of the construction process. …“The construction industry continues to build through uncertainty, but contractors are facing increasing pressures in getting the job done,” said Rodrigue Gilbert, President of the Canadian Construction Association. …Meanwhile, the US housing market is feeling the shock as well. …The long‑term implications of the trade war reach far beyond construction sites and border checkpoints, according to a report by the Canadian American Business Council by Oxford Economics. The analysis underscores the depth of Canada–US economic integration and how mutually beneficial that relationship has been for decades.

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Economic Uncertainty, Affordability Challenges Weigh on US New Home Sales

By Robert Dietz, Chief Economist
NAHB Eye on Housing
August 25, 2026
Category: Finance & Economics
Region: United States

Elevated borrowing costs, rising inflation and broad economic uncertainty continue to curb buyer demand and hold back new home sales. Sales of newly built single-family homes declined 10.5% in July to a seasonally adjusted annual rate of 607,000, following a sharply upwardly revised June estimate, 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 was 6.3% lower than a year earlier per the July data. The July sales pace was the slowest since January of this year. Mortgage rates increased from 6.1% to above 6.6% from January to July. …New single-family home inventory in July rose to 488,000 units, up 1.9% from June, and down 1.6% compared to a year ago. This represents an elevated 9.6 months’ supply at the current building pace, the highest measure since January.

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New York construction industry could be hit hardest as Canadian U.S. trade war continues

By Emma Quinn
CNYCentral.com
August 31, 2026
Category: Finance & Economics
Region: United States, US East

CAPITAL REGION, New York — Starting next week, Canadian retaliatory tariffs are taking effect. The tariffs are up to 50% on American products. The tariffs are projected to impact $20 billion worth of American goods; materials like lumber, steel, and dairy could be the hardest hit. We see data coming out of the Fed that shows that 90% of the costs of tariffs are passed along to, you know, U.S. businesses and consumers,” said Justin Wilcox, of Upstate United. “That’s having an impact on people’s pocketbooks at a time when they can least afford it.” …The National Association of Home Builders predicts a $10,000 to $14,000 increase per home. …According to an April 2026 report from the New York State Comptroller, Canada is the state’s most significant trading partner. In 2025, exports to Canada declined by $3.8 billion due to tariffs.

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Contractor and building supplies face impacts from tariffs battle between U.S. and Canada

By Ron Plants
WGRZ News, Buffalo, NY
August 26, 2026
Category: Finance & Economics
Region: United States, US East

BUFFALO, New York — The changing tariffs policies for the U.S. and Canada are raising cost and supply issues for the home building and remodeling field with possible impact on their customers for planned and future projects… said a contractor and the operator of a lumber and building supplies business. …Domenic Cortese, of Cortese Construction, said “The implications to a new home on the costs of that home are about $10,000 more because of the tariffs. You know you’re probably going to be looking at $2,000 or $3,000 more in lumber costs for a deck just because of the tariffs.” …”The problem is we don’t have the infrastructure in place to ramp up productivity to be able to supply lumber for our needs.” …Lenco’s Stephen Coppola said, “We love the Canadian lumber. Our customers tend to like it quite a bit. But we’ve been very active in trying to find other sources.”

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Eurozone inflation heats up

Numera Analytics
September 1, 2026
Category: Finance & Economics
Region: International

Click to Enlarge

Eurozone inflation climbed to 3.3% YoY in August from 2.9% in July, according to Eurostat’s preliminary estimate this morning. The reading was the highest since September 2023 and moved inflation further above the ECB’s 2% target. The acceleration largely reflected surging energy prices resulting from the continuing conflict in the Middle East. This renewed pressure makes a September rate hike increasingly likely. …Beyond September, however, our view diverges from market pricing: we expect the ECB to remain on hold for an extended period, as energy prices are more likely to retreat than to generate a lasting second-round inflation shock. Even after two rate increases, Eurozone monetary conditions should remain relatively supportive. Together with Germany’s substantial fiscal expansion, this should help sustain the regional recovery. Following the stronger-than-expected Q2 GDP result, we raised our Eurozone growth forecasts to 0.9% for 2026 and 1.2% for 2027.

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Japan Housing Starts Rise for 4th Month, Growth Slows

Trading Economics
August 30, 2026
Category: Finance & Economics
Region: International

Japan’s housing starts increased 8.2% year-on-year in July 2026, slowing significantly from an 18.6% surge in the previous month. Still, the latest reading marked the fourth consecutive month of growth, surpassing market expectations of 7.9% growth. Owner-occupied homes rose just 0.4% (vs 15.7% in June), while rental housing growth eased markedly (10.0% vs 24.6%). In the meantime, built-for-sale homes continued to grow solidly (14.6% vs 14.2%). At the same time, starts of two-by-four homes fell further (-8.5% vs -7.4%), while prefabricated housing starts dropped 6.9%, reversing a 13.7% gain in June.

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UK wood pellet consumption reaches record 10.35 million tonnes

Bioenergy Insight
August 25, 2026
Category: Finance & Economics
Region: International

The United Kingdom is forecast to consume 10.35 million tonnes of wood pellets in 2026, representing a 4% increase from 2025 and a record consumption level, according to a report filed with the US Department of Agriculture’s Foreign Agricultural Service. The consumption increase will require an estimated 10.15 million tonnes of imports. The forecast reflects strong demand from the industrial biomass power sector, which is operating at near-maximum capacity as major operators maximise output ahead of structural changes to subsidy mechanisms. Industrial bioenergy accounts for approximately 93% of UK wood pellet demand, with Drax and Lynemouth power stations consuming a combined estimated 9.63 million tonnes annually. …The 4% year-on-year consumption growth from 9.95 million tonnes in 2025 represents continued reliance on biomass within the UK’s electricity generation mix. Residential and commercial heating sectors account for the remaining 7% of wood pellet demand, a significantly smaller market segment than industrial power generation.

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Wood, Paper & Green Building

Can mass timber’s promise outgrow a tariff-hit forestry sector?

By Darius Snieckus
The National Observer
August 27, 2026
Category: Wood, Paper & Green Building
Region: Canada

Canada’s nascent mass timber industry escaped a direct hit from the Trump administration… But steep US levies on the wider Canadian forestry sector still present sizable challenges for manufacturers as they chase a global market for engineered wood forecast to grow to more than US$12 billion by 2035. …Engineered-wood products such as CLT and glulam were left off the latest tariff list. Yet the emerging mass timber industry could feel the “broader hit”. “Mass timber does not become mass timber without the raw wood inputs,” said FPAC’s Derek Nighbor. …Canada Wood knows what it takes to develop a market for Canadian lumber products in China and other Asian nations. But CEO Bruce St. John cautioned that shifting exports to markets other than the US will “take years still” and require more than simply shipping Canadian lumber to overseas buyers. …Canada Wood’s Lance Tao noted, Canada’s opportunity in Asia’s engineered wood market is still less about shipping finished “modules” to the region and more about selling lumber to Chinese mass-timber manufacturers.

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Resilient by design: Timber performance in the face of disaster

By Mike Banta
The Construction Specifier
August 30, 2026
Category: Wood, Paper & Green Building
Region: United States

Certain forces affecting the built environment are beyond human control. …At the same time, increasingly stringent fire- and life-safety requirements have raised expectations for structural systems performing under multiple hazard conditions. For decades, steel and concrete have been the default materials for meeting these demands. However, in recent years, timber construction has emerged as a viable engineered system capable of meeting prescribed wind-load criteria and code-required fire-resistance standards, offering construction professionals a viable solution for mitigating risk and protecting both buildings and occupants. …Heavy timber and mass timber can withstand extreme wind and fire through a combination of material properties and engineered design. Timber’s ductility allows it to absorb and distribute wind forces, while high-wind connectors, hold-downs, and continuous load paths help resist uplift and lateral loads during hurricanes. …Code-recognized fire-resistance design, appropriate member sizing, tested assemblies, and protective materials allow timber systems to meet rigorous life-safety requirements. 

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2027 Building Codes Finalized: Big Changes Ahead for Off-Site Construction and Flood Resistance

The National Association of Home Builders
August 27, 2026
Category: Wood, Paper & Green Building
Region: United States

The International Code Council (ICC) recently released the final results of the Public Comment Hearings and Online Governmental Consensus Vote. …A new feature of this cycle is the “three strikes rule,” where a proposal disapproved at both committee action hearings and the public comment hearing does not go to the final vote. …Significant proposals opposed by NAHB and disapproved under the new rule included expanded construction documents and under-slab vapor retarder requirements for the IRC and more stringent International Wildland-Urban Interface Code (IWUIC) requirements based on California’s wildfire mitigation provisions. NAHB had an overall success rate of 85% obtaining its desired outcomes on proposals affecting the residential construction industry. …The 2027 I-Codes will be published in stages over the rest of 2026 and early 2027, with the IBC, IFC and IWUIC anticipated in September 2026 and the IRC in February 2027.

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How Mass Timber and P3 Delivery Are Shaping MSU Denver’s Summit House

By Lindsey Coulter
School Construction News
August 31, 2026
Category: Wood, Paper & Green Building
Region: United States, US West

DENVER, Colorado — Construction recently topped out on Metropolitan State University of Denver’s Summit House, a 12-story student housing development that marks the university’s first on-campus residence hall in its 60-year history. Scheduled for completion in summer 2027, the approximately $118 million mixed-use development will provide more than 550 student beds. Located on the Auraria Campus and across from Ball Arena, the project expands affordable housing while demonstrating how mass timber construction can accelerate project delivery and enhance the student experience. When complete, Summit House will be the tallest structure on the downtown-adjacent tri-institutional campus. As the tallest mass-timber structure in the state, it will also be a showcase for the design and construction advantages of this highly renewable building material. Ryan Marshall, Superintendent for project builder PCL Construction, noted that the thoughtful use of mass timber helped accelerate construction, as many components could be fabricated off site.

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Michigan opens world’s tallest mass timber research building for pharmacy school

By Sarah Johnson
Hoodline Detroit
August 31, 2026
Category: Wood, Paper & Green Building
Region: United States, US East

The University of Michigan celebrated the grand opening of its new College of Pharmacy building last Friday, a six-story, 142,000-square-foot facility that its architects say is now the tallest mass timber research building in the world. The ceremony capped years of delayed construction and consolidated a program that had been scattered across seven separate buildings on campus. The building features sustainable design concepts throughout its six stories. Designed by RDG Planning & Design, the structure is the first mass timber building on U-M’s campus, using engineered wood in place of much of the steel typically found in large research facilities. …According to RDG, the hybrid mass timber structure achieved a 59% reduction in embodied carbon compared to a traditional steel building, while the design projects a 62.3% cut in energy costs as the facility pursues LEED Gold certification.

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New Tariffs Could Make Toilet Paper More Expensive, Less Soft

By Andrew Moore, College of Natural Resources News
North Carolina State University
August 28, 2026
Category: Wood, Paper & Green Building
Region: United States, US East

With the US imposing new tariffs on select Canadian exports, North Carolina State University experts warn that the escalating trade war could raise the price and reduce the quality of toilet paper and other tissue products. …Canadian NBSK is a critical raw material in global tissue manufacturing, accounting for roughly 15% to 30% of the fiber blend in premium bath tissue products and 50% to 65% in premium paper kitchen towels. Brazilian eucalyptus fiber makes up the remaining share. Gonzalez said the 50% tariff on Canadian NBSK could raise manufacturing costs for premium toilet tissue by 11% to 20%, while costs for premium paper kitchen towels could increase by 31% to 38%. …“If tissue producers choose to switch to Southern Bleached Softwood Kraft, the softness of premium tissue products will be compromised,” Jameel said. On the other hand, Gonzalez said the tariffs could create an opportunity to use more local fibers for tissue manufacturing, though they are less soft than northern softwood.

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Forestry

Impacts of U.S.-Canada trade war on the environmental industry

The Edmonton Journal
August 24, 2026
Category: Forestry
Region: Canada, United States

The U.S.-Canada trade war escalated sharply over the weekend. …There are a few obvious implications of the trade war that could fall on Canada’s environment and the nation’s natural resources:

  • Potential increase in greenhouse-gas emissions.
  • Pressure on Canadian natural resources. 
  • Critical minerals become strategically more important.

Potential impacts to the environmental industry:

  • Greater demand for environmental services. 
  • Clean technology could face a more complicated environment.
  • Carbon pricing and environmental regulation become more difficult.
  • Create opportunity to develop a stronger domestic environmental economy.

The US–Canada trade war is not necessarily bad for the environmental industry, even though it can be bad for environmental outcomes. Trade disruption creates environmental risks, but it also creates demand for environmental solutions. …The biggest environmental risks we must beware of are weaker regulation, accelerated resource extraction, inefficient supply chains, higher emissions from trade diversion, and the possibility that short-term competitiveness concerns overshadow long-term climate and biodiversity objectives.

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Forestry critic Stamer pushes faster permits, more salvage logging after wildfires

By Michael Potestio
Castanet
August 30, 2026
Category: Forestry
Region: Canada, Canada West

Forestry critic and B.C. Conservative MLA for Kamloops-North Thompson Ward Stamer wants to see the province salvage more wildfire-burned wood faster. He said that only about 5% of burned wood is logged on average in B.C. following a wildfire — a number he’s prefer to see rise to 25%. The former logger said he also wants to see cutting license issued faster, noting most burned trees are useless if not harvested within two years. …Stamer said once a trees dies, it begins deteriorating and each species does so at different rates. He said most burned trees that aren’t harvested within two years may only be good for low value chips, as opposed to other products such as plywood, veneer and saw logs. …Forestry Minister Ravi Parmar said the salvage rate is closer to eight to 10%. Parmar said the province is always trying to increase its salvage rate.

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Taking the next step to modernize B.C. forest management

By Ravi Parmar and Randene Neill
The Government of British Columbia
August 27, 2026
Category: Forestry
Region: Canada, Canada West

Ravi Parmar

Randene Neill

BC is taking steps to explore a Working Forest Landscape Model. …The model consists of three management zones that will support a more co-ordinated approach to land use, stewardship and economic priorities that integrates with ongoing planning processes. The are: A Working-Forest Zone that would prioritize the production of timber for commercial harvesting; a Multiple-Use Zone focused on restoration and enhancement… that can support multiple uses; and a Conservation and Protection Zone that ensures long-term ecosystem function and biodiversity. …Ravi Parmar, Minister of Forests said “If we establish a clear vision for our working forests through long-term planning, we can reduce unnecessary red tape, improve land stewardship, create greater predictability for workers and communities, and build a forest sector that is more competitive and value-added.” …[and] “we can better monitor and protect biodiversity and ecosystem health across the entire landscape,” said Randene Neill, Minister of Water, Land and Resource Stewardship. 

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B.C.’s state of emergency ends, but wildfire risk remains

By Lauren Collins
The Ladysmith Chemainus Chronicle
August 27, 2026
Category: Forestry
Region: Canada, Canada West

The province has ended its state of provincial emergency. The state of emergency was first declared Aug. 8 following a night of fast-moving fires, including the Bald Range wildfire that led to the evacuation of the District of Summerland. At the time, more than 20,000 people were evacuated from their homes. It was then extended Aug. 21 through to Aug. 29, but the province says the decision to end it early follows advice from emergency management officials. However, the province says the wildfire risk in B.C. remains high. The ending of the state of emergency has no effect on the current evacuation orders, evacuation alerts or local states of emergencies put in place by local governments or First Nations.

Related coverage in the Vernon Morning Star, by Roger Knox: Bans lifted on off-road vehicles in select B.C. fire centres

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Wildfires shouldn’t be used as a reconciliation morality play

By Warren Mirko
The National Post
August 23, 2026
Category: Forestry
Region: Canada, Canada West

Amid another brutal stretch of hot, dry weather across Canada, the so-called cultural burning practices of North America’s Indigenous peoples are in vogue. In fact, they’re being inflated to the point of being celebrated as an ethnically exclusive competency, supposedly distinct from western science. Parks Canada’s online resources say cultural burning must be Indigenous-led, “so as not to misappropriate cultural practices,” while claiming that prescribed fire… is a “colonial adaptation of cultural burning practised by many different Indigenous groups in Canada.” …We know that Indigenous communities have historically used low-intensity fires to maintain grasslands for grazing, corridors for travel and forests, among other purposes. The evidence of this is substantial and not in question, nor is the effectiveness of those methods in their particular contexts. But that is not uniquely Indigenous knowledge. It is a basic principle of fire management that’s understood and applied around the world.

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US Interior secretary says Dragon Bravo Fire contributed to deadly Grand Canyon flooding

By Kevin Stone
KTAR News
August 31, 2026
Category: Forestry
Region: United States, US West

ARIZONA — US Interior Secretary Doug Burgum said that misguided forest management policies played a role in the recent deadly flash floods at the Grand Canyon. Burgum said that a failure to properly manage protected forest areas contributed to the potency of last year’s Dragon Bravo Fire on the North Rim, which in turn increased the risk of flash flooding on the canyon’s floor. “When the forest has been burned through, you get a lot of runoff,” Burgum said. …The Dragon Bravo Fire burned nearly 150,000 acres last summer. …A Dept. of the Interior Burned Area Emergency Response Team conducted a postfire assessment in August 2025. The assessment found that the burn scar would increase the water runoff and debris flow in Bright Angel Creek, but “they are unlikely to significantly impact values-at-risk under normal storm conditions.” Burgum, however, said the Dragon Bravo Fire and Saturday’s Bright Angel Creek flooding are connected.

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Washington State forest owners appeal non-fish-bearing streams buffer rule

The Washington Forest Protection Association
August 28, 2026
Category: Forestry
Region: United States, US West

OLYMPIA, Washington – The Washington Forest Protection Association (WFPA) and Washington Farm Forestry Association (WFFA) will appeal a Thurston County Superior Court decision upholding the state’s expanded buffer rule for non-fish-bearing (Np) streams. The appeal will ask whether forest-practices rules can be changed without first showing that existing protections are failing to protect fish and water quality. WFPA and WFFA said the state’s own record shows expected downstream benefits to fish are negligible to minor, and Ecology acknowledged the expanded rule may still allow temperature changes in non-fish streams. “This is not a conservation win if the state’s own record shows limited fish benefits, and immense harm to working forests and rural communities,” said Jason Spadaro, Executive Director of WFPA. …Elaine Oneil, Executive Director of WFFA. “If a rule strands harvestable timber or makes a parcel uneconomical to manage, that harm cannot be fixed later.” …The court has ruled, but policy questions remain.

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Hydroclimate whiplash damages California’s tallest redwoods after years of drought

By Marie Antoine & Steve Sillett, Cal Poly Humboldt
Phys.Org
August 25, 2026
Category: Forestry
Region: United States, US West

CALIFORNIA — Tall trees are generally associated with high-biomass forests. This is particularly true for forests dominated by Sequoia sempervirens, the world’s tallest tree species. Extreme decay resistance, the ability to survive high-severity fires, shade tolerance and prolific trunk reiteration (resprouting) make the species unique, allowing tall redwood forests to accumulate more biomass and store more aboveground carbon than any other vegetation type. …A new study published in Forest Ecology and Management combined ground-based measurements and repeated (2007–2025) airborne laser scanning (ALS) to inventory the tallest redwoods and quantify forest biomass. …Forest biomass changed substantially over time. Large areas of primary forest gained biomass during the prestorm interval (2007–2022), averaging 10–13 metric tons per hectare annually. …These ALS-derived estimates of biomass change may be somewhat exaggerated. …Nonetheless, the amount of crown damage probably rivaled losses of live-tree biomass to treefall in California’s Redwood National and State Parks. 

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Health & Safety

Forestry industry vows to protect worker safety amid U.S. tariffs

By Shane Mercer
Canadian Occupational Safety Magazine
August 27, 2026
Category: Health & Safety
Region: Canada

Derek Nighbor

New US tariffs on Canadian wood and paper products are pushing forestry companies into mill closures and cost-cutting, but health and safety will not be where the industry cuts corners, says Derek Nighbor, CEO of the Forest Products Association of Canada (FPAC) and the Canadian Wood Council (CWC). …”British Columbia for sure is a region that has been hit really, really hard by mill closures, and that takes a toll on mental health and how people are feeling in the industry,” he said. “It takes a toll on the ability to recruit and retain people in the industry as they’re seeing nothing but bad news.” Finance Minister François-Philippe Champagne announced a $7.5-billion relief package on August 25. Nighbor said roughly $3.5 billion of that is aimed at measures to keep workers connected to their employers, shorter Employment Insurance (EI) waits for those who lose their jobs, and retraining funds. 

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Forest Fires

Mt. Hood National Forest expands closures as wildfires burn

Oregon Public Broadcasting
August 27, 2026
Category: Forest Fires
Region: US West, US East

The U.S. Forest Service has expanded its emergency closure order due to wildfires burning across the Mt. Hood National Forest. The Austin and Narrows fires, located in the Clackamas River Ranger District, prompted officials to shut down all public entry and travel across several roads and popular recreation sites, including Lake Harriet, Timothy Lake and Bagby Hot Springs. …The Clackamas County Sheriff’s Office says the closure will keep people safe and away from crews working to contain the fires. The USFS is also warning people to continue to follow fire restrictions in order to avoid sparking any new wildfires. The agency says this season’s drought conditions combined with hot and dry weather have increased wildfire risks. The Austin Fire has burned more than 9,000 acres and is still zero-percent contained as of Thursday afternoon. The fire remains under investigation.

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Forest History & Archives

New archaeological research updates role of women in Oregon’s early timber industry

By Chelsea Rose and Christie Goshe
Jefferson Public Radio
August 31, 2026
Category: Forest History & Archives
Region: United States, US West

OREGON — Iron pipe, concrete foundations and an abandoned railroad grade off a dirt road deep in an Eastern Oregon forest mark a once-bustling mill community that operated in the early 20th century. Established in 1910 by the Baker White Pine Mill Lumber Company, the site was occupied for less than a decade. Now only traces of the industrial landscape remain as testament to the extractive timber industry that once dominated the region. …The artifacts recovered challenge mainstream notions of flannel-clad lumberjacks doing manly things in the woods into a more nuanced story, recognizing the important contributions families made in the male-dominated lumber industry. …The short occupation and remote location made it an excellent candidate for inquiry. …During the Baker White Pine Mill era, there was a shift from an all-male workforce living communally under the company’s care towards a company town model where workers’ families were invited to join them. This kept families together.

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