Mark Carney
Prime Minister Mark Carney of Canada is on a mission to break his country’s dependence on the United States and build deeper trade, defense and cultural ties with European and Asian powers. In a wide-ranging interview with New York Times journalists, he spoke in detail about the opportunities and limits of each of the major partnerships he is pursuing. A close review of his answers about Canada’s relationship with the European Union, China and India highlights that, despite credible plans to strengthen those partnerships, none is likely to offer a one-for-one replacement for the unique, vast economic relationship between Canada and the United States. For example, he acknowledged that the European Union’s economy was barely growing, but identified it as the top priority for Canada, saying the two were complementary in key ways; and he laid out the limits of Canada’s re-energized relationship with China. [to access the full story a NYTimes subscription is required]
- In related coverage: Transcript of NY Times interview with Mark Carney
The British Columbia Supreme Court has refused to approve a proposed reverse vesting transaction (RVO) for Teal-Jones Group that would have wiped out long-standing fibre supply agreements tied to TFL 46, finding that TimberWest and Domtar held proprietary interests that should not be extinguished. The Monitor argued that the sale of the Surrey Mill and TFL 46 to Gillfor Manufacturing was the best available transaction and that removing the agreements was necessary to preserve the business, but the Court found no sufficient evidence that the agreements were uneconomic or would prevent Gillfor from operating the assets. With the agreements priced at fair market value and their termination expected to cause significant prejudice to TimberWest and Domtar, the Court declined to approve the transaction unless they remained in place. …The prejudice to Domtar if the supply agreements were extinguished would be significant. 
In the face of ongoing trade disputes, including those around softwood lumber, the Government of Canada is taking decisive action to support the forest sector. We are committed to protecting workers and jobs, and giving Canadian companies the stability they need to weather short-term shocks and retool for a stronger, more diversified future. In support of that commitment, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today highlighted a $30-million loan to Conifex Timber Inc. through the Large Enterprise Tariff Loan (LETL) facility. The funding provided through LETL will help the company adapt to current conditions, support its workers, and build a more secure future for the community of Mackenzie, British Columbia. This support comes as the Government of Canada enhances the LETL facility to better meet the needs of Canadian employers facing continued trade uncertainty.
A comprehensive support package will fill the gap and help BC businesses affected by US tariffs produce and sell more of their products locally as well as overseas. … “President Trump’s unfair trade war is an attack on BC workers, businesses and communities – especially in our forest sector,” said Premier David Eby. “BThat’s why we’re enhancing proven programs to help BC businesses find new customers, create jobs and build a stronger, more resilient and self-reliant economy.” The support package provides new funding to existing programs:
THUNDER BAY — The Ontario government is investing more than $2.5 million to advance major upgrades at Thunder Bay Pulp and Paper, as well as two additional projects in Northwestern Ontario that will increase the industry’s use of mill by-products and underused forest biomass. The upgrades will help increase the forest sector’s production and capacity, protecting over 700 direct jobs and more than 3,350 indirect jobs. This Forest Biomass Program funding is part of the government’s plan to protect Ontario forestry workers. …Ontario is investing more than $2.4 million to plan boiler and chemical plant upgrades at Thunder Bay Pulp and Paper, a critical anchor mill in Northwestern Ontario’s forest economy. …AUX Energy is receiving $92,500 to develop plans for a biomass-powered generator project that will increase energy security in Fort Frances. …Weyerhaeuser is receiving $32,650 for a study of production line upgrades to reduce costs while improving efficiency and product quality.
WASHINGTON — President Trump’s trade war with Canada could intensify the headwinds Republicans are navigating ahead of the November midterms, with its effects poised to reverberate in northern battleground states with crucial Senate races. …The escalating beef with Canada stands to heighten voters’ economic worries and add to the GOP’s political challenge in dead-heat races, analysts said. …Trump’s new import bans on some Canadian goods are set to begin next week, a response to retaliatory tariffs Canada levied earlier this month. …Five of the nine states most likely to decide Senate control border Canada — Alaska, Ohio, Michigan, New Hampshire and Maine. Two more, Texas and Iowa, also do substantial trade with Canada. …“What’s weighing on the top of people’s minds is this general affordability crisis … and they realize that tariffs are another factor that is impacting affordability.”
The USDA Agricultural Marketing Service published a final rule in the 
US Customs and Border Protection agents spent four days investigating Auckland timber processor Hermpac after a complaint from the US Lumber Coalition. The finding was uncomfortable. A wholesaler on America’s east coast had been routing Canadian-origin wood through New Zealand for processing before shipping it into the US. …The purpose, according to the investigation, was to dodge the punishing duties the US imposes on Canadian softwood lumber. This is the first confirmed case of a New Zealand processor being directly investigated by US Customs in connection with the Trump-era tariff regime. …The fight is no longer just about headline rates. It is now about who inspects your paperwork, and whether the value you add in New Zealand counts. …The practical takeaway is unglamorous but urgent. Review and document your origin classifications now, before a competitor files a complaint, not after Customs agents turn up.
The United States and the state of North Carolina have filed a 
Timber, furniture, and textile workers will have a new weapon against wood products shut out of the United States and Canada, after Federal Parliament passed laws handing a renamed Anti-Dumping Commission the job of investigating import surges. That is according to the Timber, Furnishing and Textiles Union, which said on Thursday that the vote caps a campaign of more than a decade. “When the US, Canada, the EU, China and other major economies shut products out of their markets, those goods don’t disappear,” said Leo Skourdoumbis, the union’s acting national secretary. …Canada placed a provisional 25% safeguard surtax on certain imported wood cabinets and vanities from 31 July, the example the union holds up for Australia. …The Albanese Government will rename the Anti-Dumping Commission the Australian Trade Remedies Commission under the Customs Amendment Bill 2026. Dumping, subsidy, and safeguard cases will go before that one body, which reports through Industry Minister Tim Ayres.
Lumber futures fell to around $530 per thousand board feet, remaining near their lowest level in nine months, as rising borrowing costs weigh on housing demand. Growing concerns over inflationary pressures have fueled a broader selloff in global government debt markets, pushing yields to their highest level in nearly two decades. As a result, mortgage rates climbed above 7%, a level last seen in January 2025, further weighing on prospective homebuyers. Although lacking any particular economic significance, economists refer to the threshold as a psychological ceiling. Meanwhile, lumber-intensive single-family housing starts increased 7.6% in August. Providing an offsetting pressure, Ottawa had announced counter-tariffs of 25% on US lumber and 50% on plywood following US tariffs on several lumber-related goods.
Lumber futures fell below $550 per thousand board feet, reaching their lowest level in nine months, as elevated borrowing costs continued to weigh on demand. The US housing market remains tight, with mortgage rates near their highest level in over a year and showing no sign of easing after the Federal Reserve hiked its key policy rate, weighing on demand from prospective homebuyers. Building permits also fell 2.7% over the month, although a 7.6% increase in lumber-intensive single-family housing starts in August. Provided an offsetting pressure, US-Canada trade talks fell through, raising concerns over lumber supply.
Canadian wood product prices fell 1.2% from July but remained up 8.6% from a year earlier, after rising 6.4% the prior month, Statistics Canada reported. Canada’s broader factory-gate prices rose 1.3% from July and were up 13.5% from a year earlier. Wood product prices trailed Canada’s total Industrial Product Price Index by 4.9 percentage points year over year, leaving August’s monthly gain short of the wider rise in factory-gate prices.
Much of the current discussion about BC exports understandably focuses on tariffs and the evolving trade relationship with the US. …A complete picture of what the province sells to earn its way in the world must include services. They generate roughly 40% of the province’s international export earnings. …The shift toward services has been underway for decades, supported by steady growth in gateway transportation and the rapid expansion in technology and professional services. …BC’s export mix has become more diversified partly because services have performed well, but also because merchandise exports have struggled. …The largest contributor to the decline in BC’s real merchandise exports is softwood lumber and other forestry-related exports, which have plunged since 2017. That decline reflects a shrinking timber harvest mainly attributable to provincial policy changes, a dwindling fibre supply, rising costs and other pressures that have reduced the competitiveness of the B.C. forest sector.
Diesel prices have surged to levels that are creating significant cost pressures for logging and log-hauling businesses, which depend on heavy-duty trucks and fuel-intensive operations. As fuel costs climb, the expense of moving raw forest products rises with every mile, tightening margins and straining contractors who already operate on thin financial footing. These increases ripple through the entire supply chain, affecting delivered wood costs and operational predictability. As FRA President Tim O’Hara notes, “Rising diesel prices are creating real challenges for logging and hauling businesses, and mills have been working with contractors to ease some of that burden. It’s a strong reminder that our wood supply chain succeeds when every link supports the other.” The analysis underscores the need for short-term relief measures to stabilize costs and support the sector during this period of volatility. 
A US diesel export ban could become a self-defeating exercise that would do little to ease high US fuel prices but could worsen supply and economic disruptions around the globe, analysts said. US President Donald reportedly said on Tuesday he backed the idea of a ban. Average US diesel prices have jumped to a record $6.5107 a gallon. Diesel is critical to the global economy because it powers transportation, farm equipment and the machinery used to make and move goods. High fuel prices stoke inflation — already a pain point for Trump and Republicans. …”Given that a surplus of diesel in the US could paradoxically force American refiners to cut supplies of oil products – potentially within a few weeks – a ban would ultimately be self-defeating,” Capital Economics said in a note. Restricting US diesel exports would wreak havoc on fuel markets in the US and abroad.
The number of residential remodelers employed during the second quarter of 2026 was seasonally adjusted at 454,100, accounting for over 49% of the total residential building construction employment . While remodeling employment experienced a loss of 5,100 compared to the first quarter of 2026 and fell 1.0% year-over-year, it has grown over 19% compared to its level prior to the COVID-19 pandemic. …The average hourly earnings in nominal terms (i.e., not adjusted for inflation) for residential remodelers during the second quarter of 2026 was $37.91, up $0.32 or 0.8% compared to the previous quarter. …NAHB Economics has recently created the NAHB Remodeling Input Price Index (RIPI) which is a fixed-weight composite that measures monthly price changes among nonlabor inputs associated with residential improvements and routine residential maintenance & repair. As of the second quarter of 2026, the NAHB RIPI shows that input costs for remodelers rose 6.6% on a year-on-year basis, up from the 3.9% increase in the previous quarter.
Single-family housing starts rose in August but are down for the year and are expected to weaken even further, as homebuilders slow production in the face of higher construction costs and hesitant consumer demand. While total new residential construction fell 2.6% in August, this monthly decline came amid a steep 21.7% pullback in multifamily starts, according to data released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). Housing starts, when accounting for both single-family and multifamily, slipped to a seasonally adjusted annual rate of 1.275 million units, 1.2% below the August 2025 rate of 1.291 million units. On the other hand, the seasonally adjusted annual rate of single-family starts in August grew 7.6% to 918,000. At first glance, this monthly growth may seem to signal strength, but single-family starts between January and August were 4.9% below the rate experienced during the same period in 2025, reflecting a slowing construction pipeline.
UK — Demand in softwood markets remains patchy at best, and an overall weakness in the market predominates leading merchants to adopt an ultra-cautious approach. Now that the Scandinavian mills are back in production after the summer holidays, their attention is focused on which markets will be able to absorb their productions. With UK demand on the back foot, importers and are concerned that the Swedes may try to squeeze unwanted volumes into the UK with price inducements. If this happens, and an excess of softwood arrives, it can only result in another self-destructing price war. …To mitigate the effects of low demand, some sawmilling groups are reducing production. …Sawmillers Holmen have announced reduced output for their Linghem mill in Sweden, Stora-Enso is discussing permanent closure of the Veitsiluoto unit in Finland, and there has been an overall drop in production among German softwood producers. …Further afield, curtailments are spreading across the US and Canada.
An analysis originally published by Austria’s Landwirtschaftskammer Kärnten says Europe’s timber industry continues to face weak construction activity, high financing costs and subdued demand. Global Wood’s English-language report says… The European timber industry is facing a prolonged period of consolidation as weak construction activity, industrial recession and higher financing costs continue to pressure the sector. The outlook was discussed at International Wood Day in Klagenfurt, Austria, where around 300 industry leaders and experts gathered. Raiffeisenbank International chief economist Gunter Deuber said Germany’s continued industrial weakness is affecting Central European sawmills, panel manufacturers and timber construction companies, with building permits remaining at historically low levels. High household savings and cautious spending are also limiting residential construction, while stricter lending conditions and elevated construction costs are delaying projects. Although interest rates have fallen, financing remains more expensive than before 2022. 
The EU’s appetite for wood pellets is being fed from outside the bloc, with member states importing 451,880 tonnes from non-EU countries in July, up from 345,074 tonnes a year earlier. That is according to Eurostat, the European Union’s statistics office, whose first estimates for July were published on Tuesday 15 September and remain provisional. France brought in 115,845 tonnes from outside the EU in July, up from 72,181 tonnes in July 2025, and Italy’s imports rose to 76,051 tonnes from 39,172. The Netherlands remained the biggest buyer at 124,591 tonnes, while Denmark’s imports fell to 31,764 tonnes from 50,889. Latvia took 31,022 tonnes, in a month for which Eurostat shows no Latvian figure a year earlier. Imports from outside the EU reached 555,573 tonnes in June, the most in any month since January 2024, and July’s total was still higher than the 392,192 tonnes of July 2024. 
Developing formaldehyde-free and high-performance wood adhesives is imperative for sustainable wood utilization. To overcome performance trade-offs in lignin adhesives, we developed a formaldehyde-free aqueous adhesive formulation via reactive cysteine-functionalized lignin, achieving high performance with an unprecedentedly low lignin loading (20 wt %), which is sprayable and injectable and exhibits excellent fluidity. It undergoes self-curing via forming amide bond, achieving robust bonding performance under simple hot-pressing conditions. The solvent-free lignin adhesive for plywood outperforms commercial resins, demonstrating exceptional dry strength (4.0 MPa), high wet-strength retention (83.7%), and superior durability against extreme temperatures (−196° to 190°C), humid heat aging, and solvents. …This work establishes an environmentally friendly and scalable strategy for constructing full bio-based adhesives with exceptional processability and durability, providing a paradigm for lignin valorization within lignin-first biorefinery frameworks.
CONCORD, New Hampshire — The State of New Hampshire has enacted legislation requiring state-funded building projects to give preference to lumber harvested in the United States. 
COLUMBUS, Ohio — The tallest mass timber student housing structure in the U.S. in Columbus, Ohio, recently topped out. The 13-story, 186-unit off-campus development, located near the Ohio State University, stands at 158 feet. 
EUROPE — The European Federation of Wooden pallet and Packaging Manufacturers (FEFPEB) fully supports the PPWR’s objectives to strengthen circularity and promote reuse.However, following our review of the work concerning wooden pallets, we have seriousconcerns that the current assessment does not adequately reflect how pallet reuse operates inpractice or provide a sufficiently representative basis for establishing a mandatory minimumnumber of rotations. For the reasons set out in the attached statement, FEFPEB does not support the introduction ofa mandatory minimum rotation requirement for wooden pallets on the basis of the currentassessment. In particular, we believe that the evidence base and methodology should bereassessed, with meaningful involvement of the wooden pallet sector, before any suchrequirement is considered. Wooden pallets already operate within mature systems of repeated use, repair, reconditioning,and recycling across Europe. Their circular performance cannot always be captured through individual rotation counts.
Timber traders, pallet makers, and furniture suppliers selling into Europe will not have to trace bamboo, rattan, or used and second-hand wood to a forest plot after the European Commission’s rewrite of the EU Deforestation Regulation’s product list came into force on Friday. That is according to 
The Mark Carney government has been open-handed this year when it comes to funding major projects in BC that it deems to be in the national interest. The government promised $3.9 billion for the North Coast Transmission Line… It invested $500 million to expand the Red Chris gold and copper mine and pledged financial support for the $10-billion Roberts Bank port expansion. …A Canadian scientist and a University of BC professor say the federal government’s funds and perks are subsidizing the destruction of nature, contravening Canada’s global biodiversity commitments “Biodiversity again loses out,” Justina Ray, president and senior scientist for Wildlife Conservation Society Canada, said. Ray and Jessica Dempsey, a University of BC professor who studies the political economy of biodiversity loss, both said Prime Minister Mark Carney’s investment summit in Toronto last week underscores that the government’s priority is to facilitate resource extraction, despite the toll on nature.
HDI Risk Consulting has published a new climate risk assessment of Canada’s Boreal Forest using its modelling platform, mapping how heat stress, drought, wildfire, water scarcity and permafrost thaw interact across a region spanning Canada, Alaska and the northern US. The analysis is part of HRC’s Iconic Landmarks series, applying spatial climate data to identify where physical risk concentrates and how it cascades into business interruption for the forestry, mining, energy and transport sectors that depend on the region. “Climate risk moves through interconnected systems. The Boreal Forest is a clear example of that interaction,” said Wiebke Cundill, HRC’s team lead for natural hazards and climate risk analysis. …Given how much Canadian lumber, energy and minerals feed directly into US manufacturing and construction, HRC’s point, that “a wildfire in Canada can quickly become a US business problem,” is grounded in real, measurable trade data rather than a general climate-adjacency claim.
The European Union has updated its regulation on deforestation-free products (EUDR), which is intended to ensure that products placed on or exported from the EU market do not contribute to deforestation or forest degradation. …The EU amended the regulation in December 2024 and December 2025, introducing simplification measures intended to reduce administrative costs and compliance burdens for affected companies. The EUDR will begin applying to large and medium operators on December 30. Micro and small operators will be subject to the regulation beginning June 30, 2027, while micro and small operators already covered by the EU Timber Regulation will have a December 30 compliance date. The EUDR replaces the EU Timber Regulation and is part of the European Commission’s broader effort to reduce the EU’s contribution to global deforestation, greenhouse gas emissions, and biodiversity loss. …An 
Recent headlines have made clear the need for change in BC’s forest sector. …We can and should emphasise building with renewable materials sourced from BC timber, such as expanding local production of mass timber and continuing to advance tall wood construction. …The Faculty of Forestry & Environmental Stewardship (FES) at the University of British Columbia (UBC) is doing just that. …Our recently launched UBC Richards Buchanan Professorship in Forests, Nature and Human Health is taking this line of research one step further. …Made possible with a multi-million-dollar gift from philanthropist Bruce Buchanan and leveraging support from UBC, the scope of this innovative professorship overlaps with such fields as medicine, public health, epidemiology, environmental health, neuroscience and/or environmental psychology. Potential topics of investigation span urban greening, forest therapy, nature-based solutions, Indigenous health, community well-being, biophilic design and/or environmental change, such as from extreme heat events, air pollution or wildfire smoke.
British Columbia has endured another extreme drought with damaging impacts seen across the province. …Playing out year over year, the chaotic cycle of drought crises has become a familiar experience for BC. We argue it’s the result of provincial water management that continues to treat drought as a short-term seasonal emergency rather than the year-round, persistent problem it has become. A 
B.C.’s Ministry of Forests announced it would begin piloting its new Working Forest Landscape Model. The model aims to support the province’s goal of an annual timber harvest of 45 million cubic metres, while reducing industry red tape, such as cutting permits. It will be tested out in an area near Campbell River. …Instead of relying on individual cutblock permits for Crown land, this model would divide areas in the province into three zones. A working forest zone would prioritize commercial timber harvest. Forestry companies operating within it would be able to plan for the broader area from the start rather than incrementally adding more cutblocks. …A multiple-use zone would have various functions aimed at “the restoration and enhancement of biodiversity and ecosystem functions,” such as wildfire mitigation, according to the province. And a conservation and protection zone would ensure “long-term ecosystem function and biodiversity.”
NEW BRUNSWICK — Ken Thomas has been harvesting lumber from forests in Stanley for over 32 years. …But these days, he’s consumed with the thought of what to do next, when he pulls these 20-foot logs out of the forest and looks for a buyer, now that his longtime purchaser is pulling out of the game — at least temporarily. Earlier this month, the AV Nackawic mill announced it will temporarily shut down at the end of October. The mill owner, AV Group, had already stopped purchasing wood in August. …If the Nackawic mill closes permanently, there will be about 257,000 hectares of Crown land licensed to AV Group that will be up for grabs. …In the meantime, while the province decides the next steps for the licence, Herron has allowed the mixed hardwood cut and grown for the Nackawic mill to be exempt from regulations keeping it in the province.
The recent Public Forum letter criticizing the Fix Our Forests Act (FOFA) raises legitimate concerns about protecting forests and addressing climate change. But portraying the bipartisan legislation primarily as an effort to expedite logging misses much of what the bill is intended to accomplish. Climate change is making wildfires more dangerous. …We need to address both problems. Recent research provides a striking example. Scientists examined 164 forest plots burned during California’s massive 2021 Dixie Fire. In untreated forests, there was a 58% probability that every tree in a plot would be killed. Thinning alone lowered that risk to 48%. But where thinning had been followed by prescribed fire, the probability of complete tree mortality fell to just 4%. That distinction matters. Responsible forest management is not simply another name for logging. The research suggests that thinning alone provides limited protection unless surface fuels are also addressed. Prescribed fire was a critical part of the treatment.
NORTH CAROLINA — A few weeks ago, the U.S. Department of Agriculture released the draft environmental impact statement for its plan to open the remaining pristine roadless areas of our national forests to mining, logging and road building. Pushed by anti-public lands corporate and industry interests, this raid on the lands that belong to all Americans raises the alarm about the ability to pass an irreplaceable resource down to future generations. …The release of the draft environmental impact statement opened a 30-day public comment period with a now-past deadline of midnight Sept. 21 – less than half the traditional 60- to 90-day comment period traditionally provided for proposed actions of this magnitude. Conservation organizations and others are formally requesting an extension, but past behavior shows the current administration is not interested in what you or I think. That’s why it is vital to raise your voice in support of the Roadless Rule before Oct. 6.
LOUISIANA — Governor Jeff Landry issued an 
MINNESOTA — At the North Star Logging Expo in Grand Rapids, Minn., I got a quick lesson in operating heavy equipment and a more sobering one about the pressures facing the people who make their living with it. Loggers are struggling with something out of their control: the price of diesel fuel. That matters to the whole state because the timber industry doesn’t just cut trees. It’s a key steward of rural Minnesota’s economy and environmental health. If you spent any time worrying about wildfire smoke, climate change or jobs in the past year, you’re invested in figuring this out. …Brady Hasbargen, a fourth-generation logger from Birchdale, Minn., along the Canadian border, said he uses about 100,000 gallons of diesel every year. Last year, he spent about $300,000 on fuel. With diesel now priced above $6 per gallon, that cost will double and could go even higher. That’s well beyond his profit margin. 
WISCONSIN — On August 18, the US Secretary of Agriculture announced the US Forest service officially filed an official proposal to repeal the Roadless Rule. …The policy currently protects roughly 69,000 acres in Wisconsin, and with the potential repeal of the environmental policy, experts want to be clear about the relationship between roads and wildfires. Most wildfires in the US are caused by people. According to the
