US President-elect Donald Trump reiterated that he intends to put “substantial” tariffs on goods from Canada and Mexico. Asked if he would use military force to annex Canada, he replied “no — economic force. …You get rid of that artificially-drawn line and you take a look at what that looks like, and it would also be much better for national security — don’t forget, we basically protect Canada.” …Trump’s latest provocation prompted Prime Minister Justin Trudeau to respond: “There isn’t a snowball’s chance in hell that Canada would become part of the United States.” More than 80% of Canadians are opposed to the idea, according to a recent poll. …Trump said the US doesn’t need “anything” that Canada produces. He said he’d rather make cars in Detroit… and not buy Canadian lumber or dairy. When discussing lumber, Trump said he could use an executive order to “un-restrict” it, implying the US could ramp up domestic supply.
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Donald Trump is threatening to use “economic force” to make Canada the 51st American state. While his comments may be reckless, they are in part due to Canada’s over-reliance on the US market in terms of trade. The benefits of international trade are undoubtedly positive. It’s well-established that when countries can produce a product or service more cheaply than others, giving them what’s known as a “comparative advantage,” all other nations engaged will gain from that trade. …But the key challenge Canadian policymakers face is an over-reliance on the US as Canada’s primary market, with 75% of all Canadian exports headed south. …Canada can no longer take easy access to the U.S. market for granted. …Bringing down barriers to trade across Canadian provinces would create conditions that could enable Canadian companies to be more competitive internationally, and beyond the U.S. market in particular.
VANCOUVER — Conifex Timber announced that it has amended and restated its existing credit agreement with PenderFund Capital Management Ltd. The restated agreement increases the aggregate principal amount of the secured term loan provided thereunder to up to $41 million, of which $5 million is available immediately, and the remaining $11 million is subject to completion of financial diligence. …“The additional borrowings will be used to fund a build-up in sawlog inventories to support our transition to a two-shift operation at our sawmill complex, effective January 6, 2025,” commented Conifex’s Chairman and CEO, Ken Shields. The decision to move to a two-shift operation was based on a steadily improving backdrop for lumber prices, as evidenced by the 18% improvement in cash prices for Spruce Pine Fir benchmark lumber prices in the fourth quarter of 2024 relative to those in the third quarter of 2024. 
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy. The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) employer group, called the agreement a “win-win.” The deal includes a resolution in automation, which had been the thorniest issue of on the table. …”This agreement establishes a framework for implementing technologies that will create more jobs while modernizing East and Gulf coast ports.” Terms of the deal were not disclosed. ILA and USMX have agreed to continue operating until the contract is ratified. …Employers at the ports stretching from Maine to Texas include terminal operators like APM, owned by Maersk, as well as China’s COSCO Shipping and Switzerland’s MSC.
If president-elect Donald Trump… follows through with his tariff threat, it could have economic consequences for the U.S. lumber supply chain, according to Rajan Parajuli at NC State. …US. companies would likely attempt to recoup tariff-related losses by raising the price of Canadian softwood lumber, which would potentially impact the housing market by making building materials more expensive. …Parajuli highlighted the 2006 U.S.–Canada Softwood Lumber Agreement as an example of how tariffs can impact the supply chain. …Under the agreement, which was active until 2015, U.S. lumber producers gained $1.6 billion and U.S. consumers lost $2.3 billion as softwood lumber imports from Canada declined by 7.78% in the months when export taxes took effect. “U.S. consumers not only paid producers’ gains, but also the losses that resulted from the export taxes,” Parajuli said. In the long term, the U.S. would need to work with Canada to negotiate a new softwood lumber agreement, according to Parajuli. Germany, Sweden and other trade partners simply don’t have the inventory or capacity to displace Canada in lumber exports.
Rollercoaster market moves in the final days of 2024 offered a blunt reminder that investors are heading into a year of living dangerously. Stocks and bonds lurched lower after the Federal Reserve’s final policy meeting of the year, spooked by the notion that the central bank may be unable to keep cutting rates (as it had previously expected to) because of still-simmering inflation. The key is what Fed chair Jay Powell was careful not to say but what every fund manager knows: Donald Trump’s economic agenda could be bad for growth, fuel inflation, or even both. So for the first time in many years, investors have what they call “two-way risk” in the Fed policy. The central bank might be able to keep on cutting — the hunch is that this would be Trump’s preference. But it’s not outlandish to suggest it might start raising rates again instead. 
US mortgage rates climbed closer to 7%, threatening to squeeze buyers trying to crack into the housing market. The average on a 30-year mortgage rose to 6.91% as of Jan. 2, up from 6.85% a week earlier, according to Freddie Mac data released Thursday. A measure from the Mortgage Bankers Association advanced 8 basis points to 6.97% in the period ended Dec. 27, a nearly six-month high. High borrowing costs are weighing on affordability. …“It’s not exactly a good way to start the new year,” said Odeta Kushi, deputy chief economist at First American Financial Corp. “Industry experts are coming to the consensus that 2025 is another year of higher for longer for the housing market. It’s not great news.” Mortgage rates tend to track Treasury yields, which continued to climb in late December after Federal Reserve policymakers projected a slower pace of interest-rate cuts in 2025 amid sticky inflation.
For over 20 years, the BC Community Forest Association (BCCFA) has championed the community forest program, highlighting its ability to foster social, economic, ecological, and cultural resilience. …Community forests are long-term, area-based tenures managed by local communities to reflect local priorities and values. With 61 community forests currently operating across the province, and growing interest in local resource management, the program is gaining broad recognition and support. …According to the December BCCFA Newsletter, the city of Quesnel along with five First Nations, have come to an agreement on the establishment of the Three Rivers Community Forest (TRCF). …Farther south, the BCCFA provided Nakusp and Area Community Forest (NACFOR) with funding through the province’s Economic Recovery Initiative under the Crown Land Wildfire Risk Reduction program. …There were 14 other community forests across the province supported by this initiative.
In 2024… Since April 1, a total of 1,688 wildfires resulted in approximately 1.08 million hectares burned. More than 70% of wildfires this season were caused by lightning, while slightly fewer than 30% were attributed to human activity. …“I want to thank the hardworking members of the BC Wildfire Service,” said Ravi Parmar, Minister of Forests. …Building on the recommendations of the Premier’s Expert Task Force on Emergencies, the BC Wildfire Service is working in partnership with trained local community members who are interested in supporting response efforts around their communities. …The Province is expanding the number of firefighting tools available to crews to provide broader response capabilities. …This year, a wildfire training and education centre was announced. A first-of-its-kind in North America, the centre is a partnership with Thompson Rivers University in Kamloops. 
The Biden administration is dropping its efforts to issue a policy to protect old-growth forests — though the president previously touted protecting such forests as an important component of his climate agenda. Late Tuesday, Forest Service Chief Randy Moore announced that the agency did not plan to move forward with proposed protections for old trees. The Forest Service also published a letter Moore wrote to regional officials. That letter cited “place-based differences that we will need to understand in order to conserve old growth forests.” …However, with the transition to the second Trump administration looming, even some environmental advocates say halting the effort may have been a savvy move. Alex Craven, for the Sierra Club, noted that a congressional repeal could prevent future Democratic administrations from pursuing a substantially similar rule in the future. …Biden’s proposal to protect the forests had garnered pushback from Republicans and the timber industry.
Just days after Christmas in 1973 President Richard Nixon signed into law the Endangered Species Act, establishing one of the strongest conservation laws in history. …The Northern Spotted Owl has proven to be the most controversial of animal species listed. Its “threatened” designation in the late 1980s sparked legal battles between logging companies and environmental groups later named the Timber Wars. …The Northwest Forest Plan was amended in a monumental compromise between environmental groups and the timber industry in 2022 when Governor Kate Brown singed into law the Private Forest Accord. …The Forest Service has proposed additional amendments to the Northwest Forest Plan that may open up millions of acres of western lands to logging. The final environmental impact statement of that plan will be released in 2025 under the Trump administration, which has promised extensive deregulation. The Northern Spotted Owl remains listed as endangered.
