When the City of Nanaimo tabled a zoning amendment to Bylaw 4500 that could effectively change the heavy industry zoning in Nanaimo on Nov. 17, there was one main target: Nanaimo Forest Products. NFP owns Harmac Pacific, ‘the little pulp mill that did,’ which continues to pay around 350 full-time employee-owners while maintaining consistent profitability, and is a major Vancouver Island success story. They’ve done that thanks to an employee ownership model that sees workers share in its profits, as well as clever leadership which has made several key investments. …One of NFP’s key strategic moves was purchasing the 61 hectares adjacent to Harmac, which is industrial land. Developing that will benefit NFP and its worker-shareholders, companies that want to set up business in Nanaimo with ocean access, Harmac employees and taxpayers.
The anti-Harmac bylaw specifically targets bio-mass/cogeneration, thermal electricity generation from fossil fuels or biomass, liquefied natural gas, petroleum refineries, and anything else that might produce a whiff of emissions. Not to mention that Harmac uses biomass to supply most of its energy needs and they use 100 per cent biomass to produce all of the electricity it supplies to BC Hydro. It would make sense that future operations should include similar companies as fuel costs rise. The original goal of having Harmac where it is – and Duke Point – was to move the industrial land out of town where exhaust wouldn’t impact local residents. This motion aims to curtail that. …NFP has been progressive in its thinking and pro-active in its movements. Jobs on that site will be good for them and for the local economy. An expanded industrial tax base could be expected to keep residential taxes lower.
The Office of the US Trade Representative (USTR) held a hearing regarding the six-year review of the United States-Mexico-Canada Agreement (USMCA). Though some stakeholders advocated for maintaining the current framework, many called for targeted updates. Despite varied perspectives, there was broad consensus that USMCA should be preserved. Transshipment and circumvention of Section 232 tariffs emerged as recurring concerns, particularly from the automotive, steel and aluminum, and wood and lumber sectors. …Stakeholders from the wood products, millwork and cabinetry industries raised serious concerns about how USMCA’s current rules of origin are being exploited to circumvent U.S. trade remedies and undermine domestic manufacturers. …The organization’s representative urged the adoption of Labor Value Content (LVC) rules for wood products modeled after those used in the automotive sector to ensure that qualifying goods reflect substantial North American production and fair labor practices.
The negotiations that remade the North American Free Trade Agreement were, as one participant put it, a series of “near-death” experiences. …In the years since the U.S.M.C.A was signed, Mexico and Canada have become America’s top trading partners. Millions of jobs depend on this economic alliance, which exceeds $1.8 trillion in trade. …Last week, Trump suggested that he would exit the U.S.M.C.A.: “We’ll either let it expire or, well, maybe work out another deal with Mexico and Canada.” Some observers discount Trump’s bluster as mere gamesmanship. …He returned to the White House on a promise to create jobs and lower prices—to make the country “boom like we’ve never boomed before.” Instead, tariffs are fuelling inflation, and many experts believe that it is only a matter of time before the economy starts hemorrhaging jobs. …As in the previous round of negotiations, time does not appear to be on Trump’s side.
As US President Trump sticks with his campaign of tariffs on imports from Canada, some American industries are accusing Canadian competitors of using cheap materials from China in ways that violate free trade rules and undercut U.S. companies. The accusations emerged during recent public hearings in Washington into the future of the Canada-U.S.-Mexico Agreement (CUSMA). …Luke Meisner, counsel for the American Kitchen Cabinet Alliance, told the hearings that Canada and Mexico have become conduits for products from China, circumventing the hefty countervailing duties the US imposed on Chinese-made cabinets and materials in 2020. …Over the past five years, Canada “dramatically increased” its imports of made-in-China cabinets and cabinet materials — such as plywood, medium-density fibreboard (MDF) and moulding — while at the same time boosting exports of finished cabinets to the US, Meisner said. …The Canadian Kitchen Cabinet Association defends its products as Canadian-made.
Lumber futures traded above $550 per thousand board feet as markets absorbed a dovish turn from the Federal Reserve that brightened the demand outlook for construction materials. The Fed’s widely anticipated 25bp cut and Chair Powell’s dovish rhetoric pushed traders to price additional easing next year, which should put downward pressure on mortgage rates and lift homebuilding and renovation activity. Those interest rate dynamics have heightened the incentive for builders and distributors to restock, while persistent tariff and trade frictions have constrained supply. Canadian log exports are down year to date even as shipments into the US have risen, Canadian manufacturing output has slipped and US lumber exports are lower, a mix that reduces available millfeed and forces buyers to compete for the supplies that remain.
The Bank of Canada is holding its key interest rate at 2.25%, a move that was widely expected after an encouraging round of third-quarter data showed the Canadian economy has withstood some trade war-induced turmoil. Central bank governor Tiff Macklem wrote in his opening remarks that the current rate is at “about the right level” to give the economy a boost while also keeping inflation close to its 2% target rate. Canada’s economy proved more hardy than expected in the third quarter, with GDP and jobs growth beating expectations, and the unemployment rate dropping to 6.5% in November. Inflation is hovering just above 2%, and the Bank of Canada’s core measures of inflation are trending closer to 3%. While the steel, aluminum, auto and lumber sectors have been pummelled by US tariffs, which is weighing more broadly on business investment, “the economy is proving resilient overall,” Macklem said.
ATLANTA — Home Depot gave a cautious outlook for fiscal 2026 as the housing market continues to lag. Shares of the home-improvement retailer fell 2.4% to $341.62 in premarket trading on Tuesday. The company expects sales to rise between 2.5% to 4.5% in fiscal 2026, the midpoint of which is up from its guidance for 3% growth this fiscal year. Analysts polled by FactSet were looking for growth of 4.5%. …Home Depot said it expects those metrics to rise at a faster clip if the housing market gains momentum and there is increased spend on larger projects, driven by pent-up demand. The Atlanta company’s market-recovery case forecasts sales will grow about 5% to 6%, earnings per share will increase about mid- to high-single digits and comparable sales will be up 4% to 5%. “We believe that the pressures in housing will correct and provide the home improvement market with support for growth faster than the general economy”.
The US Federal Reserve is poised to deliver its third straight interest rate cut Wednesday, while simultaneously firing a warning shot about what’s ahead. Following a period of remarkable indecision about which way central bank policymakers would lean, markets have settled on a quarter-percentage point reduction. If that’s the case, it will take the Fed’s key interest rate down to a range of 3.5% to 3.75%. However, there are complications. The rate-setting Federal Open Market Committee is split between members who favor cuts as a way to head off further weakness in the labor market and those who think easing has gone far enough and threatens to aggravate inflation. That’s why the term “hawkish cut” has become the buzzy term for this meeting. In market parlance, it refers to a Fed that will reduce, but deliver a message that no one should be holding their breath for the next one.
The average mortgage rate in November continued to trend lower to its lowest level in over a year. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.24% in November, 2 basis points (bps) lower than in October. Meanwhile, the 15-year rate increased 3 bps to 5.51%. Both the 30-year and 15-year rates remain lower than a year ago, dropping by 57 bps and 52 bps year-over-year, respectively. …Falling mortgage rates have shown some impact on housing activity. Mortgage application activity continues to strengthen, led by increases in adjustable-rate mortgages and refinancing applications. Additionally, existing home sales rose to an eight-month high in October. There is no data available for new home sales in October due to the government shutdown.
Dr. Richard Karban, a trained ecologist and member of the UC Davis Entomology Department… who covers an array of intriguing topics, from “eavesdropping” plants to distinct plant “personalities”, is fully aware of the controversy surrounding his field. But he emphasizes that plant communication isn’t a fantasy; it is a biological response to specific cues. …Decades ago, little was known about it. Today, many researchers, such as Dr. Karban, argue that forests are highly communicative biological networks. These are sophisticated behaviors, but Karban attributes them to evolution and natural selection, not hidden sentience. He cautions against projecting human emotions onto biology, but suggests that to understand plants, we must understand their version of a “Hierarchy of Needs.” …Dr Kathryn Flinn, an ecologist at Baldwin Wallace University, believes that while mycorrhizal networks move resources, this does not mean the tree sending those resources is making a strategic or selfless decision. …Another notion gaining attention is that of a ‘Mother Tree’ recognising family members.
Band-aid solutions are not going to fix the flooding problems in the Chemainus River watershed, Chief James Thomas from the Halalt First Nation told North Cowichan’s council on Nov. 19. He said the watershed and its salmon are in jeopardy mainly due to logging practices that were conducted upstream in the watershed over the past 50 years. Thomas said the Halalt and its partners, who are working on finding solutions to the watershed’s issues, didn’t create the problem, they inherited it. There is general community consensus that gravel and sediment accumulation, scoured banks, and increased debris, largely from logging operations upstream, have increased in recent years causing extreme flooding downstream, including on Halalt reserve lands. …Thomas and Cheri Ayers from Waters Edge Biological Consultants made a presentation to council on the Chemainus Watershed Initiative. The initiative began following two flooding events in 2020 and 2021.
PRINCE GEORGE – Conservation North is calling out Premier David Eby for what they see as inconsistencies in his stance on old-growth logging. They highlight his opposition to logging old-growth forests to keep a Vancouver Island pulp mill running, while remaining quiet about the ongoing old-growth logging happening in the northern regions. …Conservation North argues that in central BC, nearly all the wood supplied to pulp and pellet mills still comes from primary forests, including old-growth areas. …The provincial government said “The interior of B.C. is home to a vast network of lumber sawmills, specialty wood manufacturing facilities, and pulp, paper, and pellet plants. This interconnected sector uses every part of the tree. …The pulp and paper sector is integral to this supply chain, buying lumber sawmill residuals, like sawdust, shavings, and chips, and harvest residuals like branches and bark. …The pulp and paper sector has also been leading the way in using wildfire salvaged wood.
Four people were arrested, one for the second time, at an old growth logging protest encampment in Upper Walbran, according to RCMP. On Sept. 12, a judge granted an injunction to Tsawak-qin Forestry, which is co-owned by Western Forest Products and the Huu-ay-aht First Nations. RCMP have been enforcing the injunction, going into the forest for the third time. On Dec. 8, RCMP says four men were arrested for allegedly breaching the injunction. One is being held for breaching release conditions from his arrest on Nov. 25. One person was arrested for criminal obstruction of police for allegedly resisting arrest. RCMP says when officers arrived on Dec. 8, they found “physical structures” had been set up on the only bridge leading to a work site where the employees needed access. …Solène Tessier said “Why would the Eby keep clearcutting ancient forests instead of protecting the communities that rely on this dying industry?”
WARREN COUNTY, Pittsburgh — Local leaders and timber industry professionals are hoping for an economic boost as logging increases in the Allegheny National Forest. The timber industry has strong roots in the four counties that contain the Allegheny National Forest: Elk, Forest, McKean, and Warren. With fewer than 150,000 residents, it’s a small enough region where almost everyone knows everyone else in the business. …“If you’re somebody who lives here, almost everybody is touched in some way by the timber industry,” said Julia McCray, at the Allegheny Forest Alliance, a coalition dedicated to the national forest’s health that includes local officials and people from the timber industry. As logging expands on federal lands amid a Trump administration push for more timber, the effects could be felt for years to come — in the forest and beyond. A single logging operation relies on a multi-step chain of work that employs many.
