OTTAWA — We condemn in the strongest terms recent attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas installations, and the de facto closure of the Strait of Hormuz by Iranian forces. We express our deep concern about the escalating conflict. We call on Iran to cease immediately its threats, laying of mines, drone and missile attacks and other attempts to block the Strait to commercial shipping, and to comply with UN Security Council Resolution 2817. Freedom of navigation is a fundamental principle of international law, including under the United Nations Convention on the Law of the Sea. …We emphasise that such interference with international shipping and the disruption of global energy supply chains constitute a threat to international peace and security. …We express our readiness to contribute to appropriate efforts to ensure safe passage through the Strait.
In a world of colourful economic pie charts and slick bar graphs, the image of a three-sided circle is both awkward and uncomfortable. Yet this image may depict the emerging fate of the Canada-US-Mexico Trade Agreement. For Canada, the wild ride through Trumpian trade policy has now entered a decisive phase. …Some rules of the road ahead are beginning to take shape. First there is a recognition and begrudging acceptance that there will be some tariffs where CUSMA had none. …Secondly, despite warm commitments to the trilateral CUSMA relationship, Canada and Mexico are engaged in separate bilateral discussions with the US. …Enter the three-sided circle. Here the current comprehensive trilateral agreement would evolve into three bilateral trade agreements bound by a core centre that holds common rules and undertakings. …In triaging the trade-wounded, no sector deserves a bigger fix than Canada’s softwood lumber industry. Its market access to the US has been battered by 40 years of aggressive protectionism. 
While Canada’s economy is far more reliant on exports to the US than vice versa, Canadian negotiators have crucial ammunition in their efforts to land a trade deal that reduces or eliminates tariffs imposed by US President Trump. …Canada’s attempts to negotiate relief from Trump’s tariffs on such exports as steel, aluminum, automobiles and softwood lumber are now wrapped into fresh talks on renewing the Canada-US-Mexico Agreement (CUSMA). …Barry Appleton, says Canada needs to shift its strategy by exerting its leverage as a crucial U.S. customer. …Inu Manak, says the US needs Canadian natural resources to achieve the industrial policy goals set out by the US administration. …Canada is among the top sources of foreign direct investment in the U.S., largely as a result of decisions by pension funds. …The US has repeatedly emphasized the importance of steady access to a reliable supply of critical minerals.
Trade watchers say they are shocked at the latest tactic being used by the US to shore up its tariff wall against Canada after a legal setback last month. US Trade Representative (USTR) launched investigations into 60 economies under Section 301(b) of the U.S. Trade Act of 1974 to determine whether they have failed to impose or enforce bans on imports produced with forced labour. But critics in the Washington beltway say the 301 probes are basically a “show trial” and that the verdict is sure to go against trading partners such as Canada. Canada is being grouped together with China and dozens of other countries for these investigations. The probes will examine whether Ottawa’s forced-labour rules and framework… are sufficient for screening goods produced by child or forced labour. …“This has nothing to do with forced labour,” said Inu Manak, at the Council on Foreign Relations. …He thinks the administration is constructing a pretext to defend the tariffs it’s already planning.
Princeton’s mill celebrated not just new owners but a new name as well with the handover of forestry tenures from Weyerhaeuser to West Kelowna-based Gorman Bros on March 19. …The transfer of the timber tenures has happened quickly since being announced in September 2025, as far as tenure transfers go and especially with the new legislative requirements to consider public interest. Forests Minister Ravi Parmar said “Here you have a company that is continuing to make investments in BC in a time where things are tough right now in forestry. …That speaks well to the future of forestry and gives me the hope and optimism.” …The Ministry of Forests received nearly 300 letters in support of the Gorman tenure transfer from individuals, businesses, First Nations, contractors, community forests and unions during the public input period. “This is a good step forward for a sustainable forestry sector,” Princeton Mayor Spencer Coyne said.
The final step in a $120-million investment into BC’s forestry sector by a West Kelowna family-owned forestry company has concluded, following the Minister of Forests’ official approval of a tenure transfer from Weyerhaeuser to Gorman Group. “Gorman Group is investing in the future of forestry, investing in a new chapter for Princeton, and investing in the transformation of the community into a real forestry hub,” said Ravi Parmar, Minister of Forests. …“By approving this tenure transfer, we are supporting a company that believes in value-added manufacturing, using every fibre to its fullest potential and keeping jobs here at home.” …The transferred tenures total approximately 682,000 cubic metres. …“We recognize that any Crown tenure transfer comes with important responsibilities and obligations to First Nations, communities and employees who depend on the long-term stewardship of the land and the careful use of the fibre,” said Nick Arkle, CEO, Gorman Group. 
The Supreme Court of Canada is being asked to consider a clash between Aboriginal title and private land in a New Brunswick case that would have significant national implications. Last December, the New Brunswick Court of Appeal ruled that the Wolastoqey Nation could not seek a declaration of Aboriginal title over private property as part of its claim against the province. The decision was a sharp contrast to a lower-court ruling in BC last summer. After a trial that stretched five years, the BC Supreme Court declared that the Cowichan Tribes had Aboriginal title to about 800 acres in the Vancouver suburbs. In the Wolastoqey case, Justice Ernest Drapeau wrote that he was “unable to see” how Aboriginal title could co-exist with private land. He stated that a declaration of Aboriginal title over such land “would sound the death knell of reconciliation.” …The Wolastoqey are Tcalling on the top court to enter the fray to settle the legal uncertainty. [to access the full story a subscription is required]
The Bank of Canada held its benchmark interest rate at 2.25% today as the economy performs below expectations, but war in the Middle East threatens higher inflation. The central bank’s decision to keep to the sidelines today was widely expected, but the future path for the policy rate is much less clear. Governor Tiff Macklem says in prepared remarks that the Bank of Canada is in a “dilemma” with U.S. trade uncertainty keeping the economy soft, but the Iran war sending global oil prices surging and likely spurring higher inflation in the months to come. Macklem says the central bank will look through the immediate inflationary hit from the war, but monetary policymakers will move to prevent persistent price hikes if the conflict persists or broadens. Statistics Canada reported an economic contraction in the fourth quarter of the year and sharp job losses in February.
Mercer posted Q4 earnings per share (EPS) of -$4.61 against a consensus estimate of -$0.83, a miss that signals the commodity cycle has gone from painful to existential. The headline driver was a $238.7 million non-cash impairment charge, including a $203.5 million write-down on its Peace River hardwood pulp mill. …International Paper’s Q3 2025 losses look alarming on the surface, with a $1.01 billion impairment on its Global Cellulose Fibers business and $675 million in accelerated depreciation from mill closures. But adjusted EBITDA came in at $859 million, up 28% sequentially. IP is taking pain by choice. Mercer is absorbing pain it cannot control. …IP’s pivot to pure-play global packaging via DS Smith gives it pricing leverage and diversified end markets. Mercer’s mass timber order book, at roughly $163 million in contracts including data center projects, is a genuine bright spot, but it cannot offset a pulp business bleeding cash.
WASHINGTON — Federal Reserve officials, convening in a wartime setting that began less than three weeks ago, are expected to hold interest rates steady on Wednesday even as a fresh jump in oil prices and data showing a rise in some aspects of inflation even before the start of the war with Iran may prompt them to recast the outlook for the U.S. economy, inflation and monetary policy. New projections to be released by the U.S. central bank at 2 p.m. EDT (1800 GMT) will show how policymakers assess the economic impact of President Donald Trump’s decision to launch an open-ended conflict in the Middle East, but the environment remained volatile even as they began the second day of their latest two-day policy meeting. …US producer prices rose in February by 3.4% on a year-over-year basis. Rising producer prices can feed into retail costs and signal higher future inflation.
COLORADO — The Archuleta County Board of County Commissioners (BoCC) unanimously voted to table its decision on adopting eight new building-related codes. Those are the 2024 editions of international codes, including the residential code, building code, energy and conservation code, mechanical code, fuel and gas code, existing building code, property maintenance code, and the swimming pool and spa code. During the meeting, the BoCC also considered, and unanimously approved, Resolution 2026-27, adopting the 2025 Colorado Wildfire Resiliency Code (CWRC), along with amendments to snow load requirements for manufactured structures. …Commissioner John Ranson described them as an “unfunded mandate,” adding, “there’s no two-ways about it.” He mentioned that in conversations with local builders, many are preparing for these codes to make construction costs go up.
The Brussels-based Confederation of European Paper Industries (CEPI) has released a statement indicating the forests and “state-of-the-art recycling system” of Europe stand ready to serve European Union policies supporting “Made in Europe” objectives. “A ‘Made in EU’ competitiveness model should be anchored in sustainably sourced biomass, high quality recycled materials and European technological leadership across these sectors,” states CEPI. The forest products and paper sectors can help Europe “build a more resilient, future proof growth model,” continues the group, that can be less reliant on coal, gas and other fossil fuels. Among resources the continent has in abundance, according to CEPI, are “sustainably managed forests, efficient recycling systems and the industrial know how that powers them. This pragmatic approach aligns industrial policy with Europe’s bio-based, circular strengths and advances some of the Clean Industrial Deal’s (CID’s) original ambitions.”
In Oregon… fights over how much to cut defined the 1980s and ’90s. Steep declines in timber harvest, meant to save Oregon’s last ancient forests, ripped an urban-rural divide that still festers. Today, Oregon still produces the most softwood lumber in the US. But the state’s timber harvest has hovered near historic lows, at least seven mills have closed since 2024 and logging on federal lands has been limited. President Trump’s administration wants to change that. …The moves have been met with cautious optimism in Oregon’s timber industry. …Environmental and outdoors groups, meanwhile, are gearing up to fight. …Battles between timber and environmental groups are quieter now than during the pitched height of the Forest Wars, but they never went away. A lot else has changed, however. Wildfires have become the state’s biggest issue, there have been historic agreements between the two sides and there’s a new industry, mass timber.
Years after logging at his Mariaville woodlot, Bob Seymour expected to see new hardwood trees growing in the understory. In fact, he took it as a given after decades in the Maine woods that natural regrowth would crop up. Instead, almost all of the young trees in some sections are eastern white pines he had planted. He believes that’s largely because deer populations are growing and eating more hardwood saplings, which means fewer trees and less diversity in the future. …It’s one of the most concerning changes that Seymour, a retired UMaine silviculture professor, has seen in almost five decades of experience researching forest management. …Such challenges to understanding and managing the Maine woods have grown in recent years amid climate change, which has brought destructive new pests, fast-moving diseases, invasive plants that take over, and warmer winters that change growing, harvesting and wildlife conditions.
A key plank of Canadian Prime Minister Carney’s climate plan will likely miss its target implementation date, industry sources said, raising new doubts about Canada meeting its environmental goals in the face of higher oil prices and uncertain US trade policy. Carney, a former UN climate envoy, committed last fall to negotiating a stronger industrial carbon pricing policy with Alberta by April 1. He is counting on a strengthened pollution pricing scheme to keep Canada’s emission reduction targets on track after rolling back many of his predecessor Trudeau’s climate policies to restore friendlier relations with the oil-and-gas producing province and prioritize economic growth. Two industry sources say these negotiations have been challenging, and that no deal will be struck by the April 1 deadline because large oil sands companies are pushing back on parts of the federal proposal. …Natural Resources Minister Tim Hodgson has acknowledged there may be a slight delay.
With the April 1, 2026, deadline for the Alberta-Ottawa memorandum of understanding fast approaching, leading climate policy experts are calling on Prime Minister Mark Carney to restore the strength and integrity of Canada’s industrial carbon pricing system to increase competitiveness and reduce greenhouse gas emissions. The 
LOUISIANA — Legislation to expand wood pellet manufacturing in Louisiana is gaining traction despite concerns over the industry’s connection to underground carbon storage, which has attracted a growing number of critics among state lawmakers. Louisiana is a burgeoning producer of wood pellets, which have been branded as a sustainable alternative to coal for generating electricity in overseas markets. As of 2023, mills in the South produced about 85% of the America’s wood pellet exports, according to the U.S. Department of Agriculture. Reps. Chuck Owen, R-Rosepine, and Rodney Schamerhorn, R-Hornbeck, are carrying the proposed Louisiana Wood Pellet Manufacturing Strengthening Act. It directs the Louisiana Economic Development agency to promote the expansion of the industry throughout the state. …Legislators who have become hostile to carbon dioxide sequestration projects in their local districts openly disagree with economic development officials on whether the wood pellet industry even needs to store the CO2 they generate.
The EU’s General Court has rejected a legal challenge aimed at reversing the European Commission’s decision to categorize forest biomass energy as a sustainable investment within the bloc’s green finance framework. The court’s decision, issued on 18 March 2026 dismissed an attempt to annul a Commission ruling from July 2022, which had turned down a request for an internal review of Delegated Regulation (EU) 2021/2139. This regulation set the technical criteria for determining which forestry management and bioenergy practices can be regarded as environmentally sustainable. The plaintiffs, including Robin Wood and six other environmental NGOs, contended that the Commission’s designation of forestry and forest bioenergy as sustainable was illegal and violated EU legislation, particularly the Taxonomy Regulation. These rulings affirm that the Commission possesses significant discretion in establishing and implementing the taxonomy’s technical criteria, allowing politically sensitive sectors like bioenergy.
COCHRANE, Alberta — West Fraser Mills has been charged in relation to a workplace death in Alberta