
Canada’s economy contracted as weaker US-bound exports dragged on growth. In related news: US mortgage rates fell below 6%, and Japan’s housing starts ticked down. In Business news: Canada remains optimistic on US trade, while the US signals concessions are required; Western Forest Products is expanding its Vancouver, Washington mill site; Canfor turns down bid for its Houston, BC holdings; Ahlstom downsizes its Moninee, Wisconsin paper mill; and Drax launches review of its Canadian pellet operations.
In other news: the Royal Architectural Institute Canada touts new mass timber guide; BC reports progress on chronic wasting disease in deer; Mosaic sells its Nanaimo marsh lands to the Regional District; PacifiCorp owes $1B in an Oregon wildfires class-action suit; and Cal Fire opens grant program to support forestry. Meanwhile: could shifting gears from forestry to tourism pay the bills in BC, and why BC’s lumber crisis is also a climate challenge.
Finally, London, Ontario ‘The Forest City‘ is this year’s Forest Capital of Canada.
Kelly McCloskey, Tree Frog News Editor