Mark Carney
Prime Minister Mark Carney says Canada will work with the United States and Mexico to “modernize” the trilateral trade deal known as CUSMA, but won’t accept a bad deal from U.S. President Donald Trump. “We could sign a bad deal this afternoon. We could have signed a bad deal a year ago. We’re not going to sign a bad deal, so it has to be a real deal,” he said Thursday. He was asked about U.S. Ambassador to Canada Pete Hoekstra’s comment that officials are “not anywhere close” to a deal. “What I have seen with the president is that you’re not close to making a deal, and then you make a deal,” the prime minster said. “It doesn’t mean the deals are good deals, but it means being prepared, having done the work, knowing what you want,” he added.
A Toronto company is suing BC, saying it was stripped of its mining rights as part of a deal with the Gitxaała Nation. In a lawsuit filed in BC Supreme Court, MCC Canadian Gold Ventures says it was asked to rescue a small gold mine on Banks Island, south of Prince Rupert. But then the BC government stripped its mining rights to offset some of the impacts of another BC Supreme Court ruling involving the Gitxaała. The company says it invested millions in the property and now cannot move ahead on the project. …The province has not filed a response. …MCC said their case has “striking” parallels to a lawsuit launched by Carrier Lumber in the 1990s. In 2002, the province paid a large settlement to Carrier Lumber over a lawsuit it won over government decisions the company said made it impossible to harvest timber in the BC Interior.
Canadian officials will meet their Mexican and American counterparts on July 1 for the first tri-lateral meeting to review the Canada-U.S.-Mexico (CUSMA) agreement, a spokesperson for Canada-U.S. Trade Minister Dominic LeBlanc confirmed. …LeBlanc’s office tells CTV News the meeting is scheduled to be virtual for now, but that things could evolve. Minister LeBlanc and Chief Trade Negotiator Janice Charette met with the United States Trade Representative Jamieson Greer on the sidelines of the G7 summit in France last week. …July 1 is the deadline for all three parties involved in the trade pact to decide whether to renew the deal for another 16 years, withdraw from the agreement altogether, or start an annual rolling review process that could last years.
Ottawa, ON – The Canadian Wood Council (CWC) is pleased to announce that Philippe Clune was appointed to the role of Board Chair at the organization’s Annual General Meeting today. Clune succeeds Kevin Pankratz, who has completed his term as Chair after providing dedicated service to the organization and Canada’s wood products sector. “On behalf of the CWC, I would like to thank Kevin for his leadership and valuable contributions during his tenure as Chair,” said Derek Nighbor, President and CEO of the CWC. …Nighbor also welcomed Clune to the role. “As Vice President of Sales & Marketing at Domtar, Philippe brings extensive industry knowledge, strategic insight, and a commitment to advancing the use of wood in the built environment,” said Nighbor. “I look forward to working with him as we continue strengthening CWC’s role as a national voice for the wood products industry and delivering value for our members and partners.”
A volatile trade picture in B.C. continued into April as goods exports fell four per cent month-to-month (unadjusted for seasonality) to $4.5 billion, while imports fell by a more rapid clip of 14 per cent to $6.2 billion. That said, exports were still up significantly year-over-year by 6.7 per cent, while imports rose a more modest 2.1 per cent. …Current year-over-year growth has been driven primarily by energy products, which rose 9.7 per cent (+$128 million), along with metal ores and non-metallic minerals… In contrast, the beleaguered forestry sector declined nine per cent (-$81 million) to $823 million, although April marked the highest monthly export value for the sector in nine months. Forestry continues to face headwinds from elevated U.S. softwood lumber duties, broader trade measures (including Section 232 tariffs), timber supply constraints and softer demand conditions. Year-to-date … forestry exports fell 24.8 per cent (-$1 billion)… In B.C., building permit activity receded sharply in April…
As part of ongoing work to diversify trade, Premier David Eby is leading a trade mission to China to strengthen commercial ties with the province’s second-largest trading partner and explore new opportunities to support good-paying jobs for people in British Columbia’s forestry, energy, tourism and agriculture sectors. … “China is the world’s second-largest economy and is our second-largest export market for B.C. goods and services. Encouraging tourism while selling more B.C. wood, agricultural products and energy will mean more money for families and more money to pay for the services British Columbians deserve,” said Premier Eby. …British Columbia and China share a longstanding partnership with collaboration across a range of areas from sustainable forest management to wood construction innovation and clean energy.
CN Rail has been fined $435,000, having been found responsible for causing a wildfire near Spences Bridge a year after the nearby town of Lytton was devastated by a catastrophic wildfire. According to a June 17 BC Forest Appeals Commission decision, CN Rail was found to have caused a wildfire that burned outside of Spencers Bridge in September 2022. Last year, the BC government issued a $435,371 fine to the company. Broken down, the fine covered $60,000 for damaged or destroyed mature Crown timber, $27,000 for damaging or destroying forest and grassland resources, and a further $348,000 to cover the cost of controlling wildfire K72249. “During their investigations, Natural Resource Officer Service staff collected field information and photographs and obtained recorded statements from several eyewitnesses. As a result of their investigation, the Natural Resource Officer Service alleged that CN Rail had contravened… BC Wildfire Regulation(s),” the decision reads.
Forestry Innovation Investment’s 2025/26 Year in Review is now available. It is a compilation of market development activities completed by FII and our many industry, association, government, academic and research partners over the past year. We are committed to a collaborative delivery approach, building on the strengths and shared resources that other organizations bring to this important work. The forest sector continues to face challenging market conditions and ongoing trade uncertainty. As we adapt to these pressures, diversification remains central to strengthening the sector. By expanding markets and making the most of B.C.’s forest resources, FII and its partners are supporting long-term resilience. This includes advancing wood use in B.C., supporting growth in mass timber and prefabricated construction, and pursuing opportunities across international markets. The report includes the range of work underway, and the milestones achieved over the past year. 
A sprawling legislative package aimed at lowering the cost of housing and spurring more home construction won bipartisan approval from Congress this week, but it’s hit a major roadblock in becoming law: President Trump. The White House supported the 
The European Union has formally removed its remaining tariffs on American wood-based industrial products after the European Parliament approved legislation implementing the long-awaited 
Federal law allows utilities operating on national forest land to remove hazardous trees only within 10 feet of a power line. In Western forests, where trees routinely reach 100 feet tall and a single ignition can drive hundreds of thousands of acres of destruction, 10 feet is not a safety standard — it is a disaster waiting to happen. The Fix Our Forests Act would extend that authority to 150 feet, alongside streamlined federal permitting for wildfire mitigation work and tighter judicial review timelines on fuel-reduction projects… The bill has cleared the House by a 279-141 vote and passed the Senate Agriculture Committee by a vote of 18 to 5 … Utility operators across the West are calling for it. But it does not have the support of Sens. Ron Wyden and Jeff Merkley (D-Ore.). …The community-owned utilities I represent … don’t have a stake in what gets logged. But they do have a stake in whether the lines stay up when fire moves through…
NEW YORK — BTG Pactual Timberland Investment Group, timberland investment managers, announced the acquisition of approximately 90,000 acres of US timberland formerly managed by Jamestown, a global design-focused real estate investment and management firm. …The portfolio of high-quality timberland spans five U.S. states, including approximately 50,000 acres of pine timberland in Georgia and Alabama and approximately 40,000 acres of diversified hardwood timberland across Indiana, Pennsylvania, and New York. All properties are certified under the Sustainable Forestry Initiative (SFI). The acquisition increases BTG Pactual TIG’s core U.S. timberland strategy’s portfolio to more than 1.7 million acres. The firm manages 3.3 million acres globally. The transaction creates further opportunities for BTG Pactual TIG to scale positive conservation outcomes through its long-term collaboration with The Nature Conservancy (TNC), Conservation Advisor to the firm’s core U.S. timberland strategy.
NEW ZEALAND — PF Olsen and Forest360 have merged to become New Zealand’s biggest independent forestry manager, trading as Stand Forestry. The companies announced their merger late last year, backed by new investment from Adamantem Capital’s Environmental Opportunities Fund and supported by PF Olsen’s Quayside Holdings. …The new brand will combine 75 years’ experience, a workforce of more than 200 skilled professionals and 480,000ha of forestry under management on both sides of the Tasman, the companies said. …The company recently launched a new carbon joint venture model in New Zealand to make it easier for farmers and landowners to participate in the Emissions Trading Scheme. …The merged group has more than 1000 clients, from major institutional investors to family-run businesses and private landowners. PF Olsen also has a large operation in Australia, managing 212,000ha.