Mélanie Joly
Evan Solomon
Canadian ministers Mélanie Joly and Evan Solomon announced $1.5 billion to support several of Canada’s tariffed industries. This includes the creation of a new $1 billion Business Development Bank of Canada (BDC) program available to industries that manufacture and export products containing steel, aluminum or copper. …The BDC program will provide financing at favourable terms to enable businesses to address immediate pressures. This new program aligns with the government’s priority to provide rapid liquidity to viable businesses facing significant economic challenges. In addition, the government is providing an additional $500 million through the Regional Tariff Response Initiative (RTRI) to support tariff-impacted businesses in all sectors of our economy. This funding, delivered by Canada’s regional development agencies (RDA), will help ensure that Small and Medium-sized Enterprises (SMEs) have access to the financing they need to enable strategic pivots through investments in market diversification and enhanced productivity that strengthen their competitiveness.
The US Department of Commerce is 
The Canadian forest sector is weathering a perfect storm, facing three years of soft markets, protracted geopolitical conflicts and instability in global markets, and combined tariffs and duties averaging 45% on Canadian softwood lumber products entering the US. “While we welcome the measures to improve the speed at which we can build homes, through code and regulatory improvements for modern methods of construction, we still need a clear signal that Canada intends to be a more competitive place for forest sector investment — more responsive regulation, improved transportation supply chain performance, and tax and investment tools that accelerate the use of Canadian wood products here at home while helping companies modernize facilities and keep people working,” said Derek Nighbor, FPAC President and CEO. “We look forward to Minister Hodgson’s release of the Forest Sector Transformation Task Force report, which should provide a much-needed blueprint for enhancing competitiveness and ensuring long-term growth and stability.”
Ottawa’s decision not to include softwood lumber among the industries that will benefit from $1 billion in tariff relief funding sparked frustration from BC Premier David Eby, who said softwood lumber in the province has been “decimated” by U.S. tariffs. “I don’t know what it’s going to take, really, to get the bureaucrats and the ministers in Ottawa to recognize that softwood lumber employs more people in Canada than steel and auto parts combined,” Eby said. …”I really feel like BC’s projects are not getting the attention they deserve.” …Eby said he does not know why the industry would have been overlooked, though he hopes a separate funding announcement just for softwood lumber is in the works. …Jeff Bromley, wood council chair with the United Steelworkers, said 150,000 workers across Canada make their living off forestry. “I wish they would have included a broader program that would have helped our forestry industry,” he said.
CROFTON, BC — Numerous companies and investors have expressed an interest in purchasing the Domtar pulp mill site in Crofton since the facility shut down operations earlier this year. Domtar said in a statement that it is exploring a variety of possibilities for the future of the waterfront site, and North Cowichan Mayor Rob Douglas said a number of interested parties have contacted the municipality directly looking to buy the site for a range of potential uses, including manufacturing, energy production, and other industrial purposes. …“Domtar has retained BMO Capital Markets to evaluate potential purchase proposals and expects to make a decision regarding the site’s future in the coming months.” Douglas said that as decisions about the site’s future use will ultimately rest with Domtar or a prospective new owner, and not the municipality, he is encouraging interested parties to contact Domtar directly.
The Province and seven Treaty 8 First Nations have taken a next step toward creating a thriving and community-centered local economy in northeastern British Columbia. Restoration agreements will restore and protect the environment, provide predictability and stability to existing industries, as well as establish new business opportunities in the region, while ensuring historic Treaty Rights are upheld. “The restoration agreements will build on the strong partnership that we have with the Treaty 8 First Nations, which is a First Nations led approach,” said Adrian Dix, Minister of Energy and Climate Solutions. “This work is guided by the belief that healing the land and healing the people are inseparable. …This partnership approach to land and resource management will help to uphold constitutionally protected Treaty Rights, while supporting a vibrant economy.”
MACKENZIE, BC — Conifex will temporarily curtail sawmill operations at its Mackenzie facility for about seven weeks starting May 19, 2026, with a target restart in July 2026. This planned sawmill curtailment is primarily driven by log inventory levels and fibre availability, in conjunction with seasonal logging breakup conditions impacting supply across the BC Interior. Logging operations are expected to resume in early June, subject to, among other things, weather conditions. The curtailment represents an approximately 25 million board feet supply impact. We continue to advance initiatives underway to broaden our available financing options. …Conifex restarted the Mackenzie sawmill in February after a four-week curtailment. The restart followed the completion of a $19 million secured term loan for its subsidiary Conifex Mackenzie Forest Products. 
CALGARY, Alberta — Alberta’s government is investing $6 million over three years to support the next generation of skilled trades workers with the launch of the Alberta Trades Discovery Centre. The industry-led initiative will offer junior high and high school students hands-on exposure to careers in the skilled trades before they graduate. Set to open this fall, the Alberta Trades Discovery Centre will provide a dedicated, professional space where students can explore construction trades, learn directly from experienced tradespeople and discover what they are good at and what they enjoy, helping them make informed choices about high school courses, post-secondary pathways and future careers.
A Nanaimo public hearing on a controversial rezoning application to allow for the industrial development of forested lands near Cedar is entering its third week. …The application was put forward last spring by Harmac Pacific, which operates the Nanaimo Forest Products site. The land is zoned as “rural resource,” meaning the property can’t be used for industry. The rezoning proposal includes a parkland designation for an 11.3-hectare section of “forested buffer” alongside the popular Cable Bay Trail. Paul Sadler, CEO of Harmac Pacific, said the company built the Cable Bay trail in 1990. “We’re interested in protecting it,” he said, adding that the buffer section would quadruple the size of the park area.Sadler said he feels that the public hearing process has been “hijacked” by those opposed to the rezoning… noting that any applications to use the site after it is rezoned would undergo environmental assessments and a government permit process.
San Group companies and federal bank launch multi-pronged legal attack after insurer denies claims over major 2024 fire in Delta. …At the heart of the dispute is Lloyd’s Underwriters and its move to deny a nearly $31-million insurance claim over claims the fire was not an accident, but a deliberate act of arson carried out by the owners. In a Dec. 30, 2025, letter Lloyd’s informed the Business Development Bank of Canada (BDC) and San Group subsidiary Acorn Forest Products that it was voiding the company’s primary and excess insurance policies. According to court documents, Lloyd’s determined the fire was “caused by arson perpetrated by Acorn, alone or in collusion with others” and through the acts or under the guidance of the company’s “directing minds.” The San Group has strongly denied the allegations. Both Acorn and its parent company maintain that Lloyd’s has failed to provide proof of arson and is using the allegation to avoid a massive payout.
The clock began ticking April 7 on one of the most important Supreme Court of Canada cases in New Brunswick’s history. That’s the date the country’s top court told law firms involved in the Wolastoqey Nation’s landmark title claim it would determine if it would allow “leave for appeal.” …On one side are logging firms and other private property owners who say they’re caught in the middle of a three centuries-old fight that had nothing to do with them. The Indigenous nation wants the Supreme Court to overturn a Court of Appeal decision last December. That ruling found the nation would have no chance of success in its lawsuit proving that it has Aboriginal title over privately held lands. …By that measure, the Wolastoqey Nation could sue governments but would have no means to take back control of most of their old territory. …If the appeal goes ahead, the Supreme Court could hear the case as early as this fall.
Northern Pulp’s closure plan for its mill site in Abercrombie Point, N.S., is still not complete, but a B.C. court heard Tuesday that the plan could soon begin coming into focus as the company’s creditor protection process continues to play out. …Because the plan is not final, the monitor notes in its report that it’s subject to change. The report says the company will explore options for the mill site and remaining property, which could include trying to market it to sell. Failing that, however, demolition is expected to begin in November. The court also heard Tuesday that the sale of the company’s timberlands to a company owned by billionaire blueberry mogul John Bragg is expected to be complete in the coming days. That sale, worth $235 million, will generate money for the closure plan, the mill’s creditors and to wind up the company pension.
The U.S. Endowment for Forestry and Communities (the Endowment) has partnered with the USDA Forest Service’s Forest Products Laboratory to highlight innovation, stewardship and economic opportunity in America’s forest products sector through a 
LOUISIANA — Davis Timber Company, Inc. announced it will invest $1.9 million to expand its Beauregard Parish operations with new production capabilities that will enhance efficiency and strengthen Louisiana’s timber industry. The company is expected to create 12 direct new jobs while retaining 11 current positions. Louisiana Economic Development estimates the project will result in an additional nine indirect new jobs, for a total of 21 potential new job opportunities in the Southwest Region. …Davis Timber Company’s expansion will take place at its production facility within the Beauregard Regional Airport Industrial Complex in DeRidder, where the company produces poles and pilings used in utility and infrastructure applications. The project will add new processing capabilities to the existing operation, improving efficiency and enhancing product readiness for market.
UK — Forestry has long sat at the margins of the insurance market, often folded into broader property portfolios and lightly scrutinised. That position is becoming harder to sustain. The class now requires a level of focus and expertise the market has not always applied, said Daniel Longden, head of forestry at Orvia Underwriting. The sector differs from traditional property risks in one fundamental way: it is constantly changing. Trees grow, are harvested and replanted, altering the risk profile year by year. That dynamic sits alongside an exposure to catastrophe events that can erase entire areas in a single incident. …This variability complicates underwriting and limits the development of standardised data sets, helping explain why the class has remained relatively niche despite growing investor interest. …Where underwriters once relied heavily on historical loss data and third-party reporting, satellite technology now offers a more direct view of exposure.