Canada’s forest industry is being dismantled in plain sight. …For decades, Canada built its forest economy around a single export market and a narrow set of commodity products. That strategy has now been exposed as dangerously fragile. Our closest trading partner has proven unreliable, and the cost of over-dependence is being paid by rural workers and regions across the country. Canada does not have a forestry problem. We have a market diversification problem. Ironically, today’s global uncertainty has created a once-in-a-generation opportunity. …Capital is mobile, and companies are actively looking for stable jurisdictions in which to build new production facilities. Canada can and should be at the top of that list—but we need to build the foundational infrastructure to make this happen. …The federal government’s new Canadian Forest Sector Transformation Task Force opens a critical window to address structural weaknesses in Canada’s forest economy.
OTTAWA — Canada’s premiers are set for two days of huddling in the nation’s capital with the economy, affordability and trade expected to be high on the agenda. The premiers meet with Prime Minister Mark Carney on Thursday, and will want to show a united “Team Canada” front as trade tensions rise again with Canada’s largest trading partner. The meetings come a year after U.S. President Donald Trump assumed office and hit Canada with blistering tariffs, and just ahead of negotiations to renew the Canada-United States-Mexico agreement, due for its first formal review this summer. Trump threatened Canada in recent days with 100% across-the-board tariffs on exports, which would land on top of the sectors already hit by steep U.S. tariffs, such as steel, softwood lumber and vehicles. Ontario Premier Doug Ford said the premiers will show they stand united as the whole Canadian economy remains under attack.
A federal task force announced earlier this month will attempt to save Canada’s stricken forest industry from further decline through product and market diversification. While the support will no doubt be welcomed by the industry, in BC the more immediate need is access to timber. Canada’s forestry sector has been pummeled by a one-two punch of low lumber prices, and US duties on softwood lumber. The situation is particularly dire in BC where an integrated industry of lumber, remanufacturing, pulp and pellet mills has been collapsing like a row of dominos. …The industry is in crisis, a number of speakers said at the 
VIETNAM — The United States has decided to postpone the tariff increase on certain finished wood products, including upholstered chairs, kitchen cabinets, and bathroom cabinets, from January 1, 2026, to January 1, 2027. The postponement of the tax increase on some finished wood products helps Vietnamese businesses temporarily avoid the policy shock at the beginning of 2026. However, this is not a sign of loosening, but rather a tactical retreat, requiring the wood industry to be more proactive and cautious in policy planning and restructuring the overall development strategy of the entire industry. …Mr. Ngo Sy Hoai, Vice President of the Vietnam Wood and Forest Products Association (VIFOREST), commented that if postponing the tariff increase is considered an “opportunity,” then extreme caution is needed. In reality, tariff pressure has spread throughout the entire supply chain, from domestic manufacturers to importers and retail systems in the US.
The Bank of Canada held its overnight interest rate steady at 2.25 per cent on Wednesday in a move widely expected by economists. The announcement comes amid ongoing trade uncertainty, with increased focus on the negotiation of the Canada-U.S.-Mexico Agreement and a murky outlook for the Canadian economy later in the year. Ahead of the announcement, economists polled by Reuters were unanimous in their expectations for a hold today, and nearly 75% forecast the central bank will stay on hold through 2026. In its December decision the Bank also held its policy rate stable. …“While this rate hold provides some stability, other factors such as economic uncertainty, potential job loss and affordability are continuing to put downward pressure on the housing market,” Rates.ca mortgage and real estate expert Victor Tran said in a statement following today’s decision.”
Canada’s economy could gain nearly 7%, or $210 billion, in real GDP over a gradual period by fully removing internal trade barriers between the country’s 13 provinces and territories, according to a report published Tuesday by the International Monetary Fund (IMF). On average, regulation-related barriers are the equivalent of a 9% tariff nationally, estimates the report, which was co-authored by IMF researchers Federico J. Diez and Yuanchen Yang with contributions from University of Calgary economist Trevor Tombe. …Because of the trade barriers between provinces, “Canada isn’t really one economy. It’s really 10 economies,” said Alicia Planincic, director of policy and economics at the Business Council of Alberta in Calgary. …The report points to finance, telecom, transportation and professional services as far-reaching sectors that “ripple through the economy” and raise costs for all of the businesses they touch. 
In November, the volume of cargo carried by Canadian railways was up slightly (+0.5%) from November 2024 to 31.4 million tonnes. Higher volumes of intermodal shipments (mainly containers) as well as higher carloadings of wheat largely contributed to the increase in November 2025. The overall freight volume in November was on par with the five-year average of 31.5 million tonnes for the month. …Growth in non-intermodal freight loadings in November was moderated by declines in several commodities. Loadings of other oil seeds and nuts, and other agricultural products were down sharply by 35.4% (-312 000 tonnes) year over year—the largest drop in tonnage since December 2018. In November 2025, loadings of iron ores and concentrates decreased 6.4% (-287 000 tonnes) compared with November 2024, while loadings of lumber were down 22.1% (-143 000 tonnes), a fourth consecutive month of year-over-year decline.
Southern Pine lumber exports (treated and untreated) are almost equal to 2024 year to date through October 2025 at 488 MMBF, according to October 2025 data from the USDA’s Foreign Agriculture Services’ Global Agricultural Trade System. October 2025’s 60 MMBF of exports were up 47% over October 2024 and up 33% compared to September 2025. When looking at the report by dollar value, Southern Pine exports are up 4% YTD ($190 million) compared to 2024. Meanwhile, the October value of $25 million is the highest mark since June 2022, when the value hit $29 million. Mexico leads the way YTD 2025 at $56 million, followed by the Dominican Republic at $39 million, and India at $18 million. Treated lumber exports, meanwhile, are down 4% through the first 10 months of the year compared to 2024. The Leeward-Windward Islands market leads the way through October at $18 million, followed by Jamaica at $16 million, and Belize at $10 million. Softwood lumber imports are running 8% behind 2024 levels.
In the construction industry, ideas or materials first seen on the margins of construction processes later become an established part of those processes. …And so it seems to be with Mass Timber Construction (MTC). MTC entered the construction industry as an intriguing approach to reduce embodied carbon. …Today, MTC has become a mainstream building method. Across North America, there are reportedly 2,500 MTC buildings already built or in the planning stages. Similar levels of acceptance are seen in Europe. The world’s leading architects and designers have embraced MTC by incorporating wood components into a wide range of building types and sizes, from commercial offices to housing, campuses, infrastructure and even data centres. Interest and acceptance have moved beyond the pure environmental benefits of using MTC. Economics, simple dollars and cents, are now recognized as a persuasive factor as well. This is because mass timber changes the mechanics of construction.
Together, we have served as US Forest Service chiefs for both Republican and Democratic administrations. We know that forest management decisions never come without debate, opinions and — more often than not — disagreement. Each of us has had to strike the difficult balance between leaving some forests intact, while sustainably using others to benefit communities and economies. But regardless of who is in the White House, one thing has always remained true: Americans value their national forests, and they want to see them protected for the benefits they provide us, like clean air, water, abundant recreation opportunities and sustainable economies. …The current administration needs to know: Repealing the Roadless Area Conservation Rule would not be in the long-term interest of the American people, the National Forests or the communities they serve. Each of us has been faced with tough decisions. Keeping backcountry and healthy forests free of unnecessary roads was never one of them.
Oregon’s forestry department has proposed a flexible approach to managing state-owned forests west of the Cascades over the next 70 years. Staff say it will allow them to adapt as scientific understanding evolves — and as the climate changes. But environmental groups say the department has drafted a plan that’s too vague. They would like to see more focus on saving the mature and complex forests. Members of the public can 
Nature markets are systems for measuring an ecological improvement on some land, then creating a representation of that improvement as a credit, which can then be bought and sold. In theory, they allow governments to attract more private investment and diversify funds that help restore nature. The reality is much more complicated. I recently 
UK energy company Drax’s ambitions of becoming a significant wood pellet supplier to Asia are in danger of faltering as Japanese policymakers wind back generous subsidies for the biomass sector. Japan is set to soon surpass the UK as the world’s largest wood pellet importer after a post-Fukushima push to diversify power sources that caused hundreds of plants to spring up that burn wood pellets, palm kernel shells — a palm oil byproduct — and other organic materials. But policymakers in Japan are pulling support for the controversial industry after realising the hurdles to bringing down fuel costs. Tokyo has already cut subsidies for new projects of more than 10 megawatts. “The real intention is quite simple: no new government support, phasing out. We don’t see any clear path of bringing down costs in the foreseeable future,” said one government official. “Existing projects might survive but no new projects are coming.”
