VANCOUVER, BC — West Fraser Timber announced that it will record an impairment of its Lumber segment goodwill in the fourth quarter of 2025 due to persistently challenging economic conditions. The Company is also providing initial 2026 guidance for key product shipments, operational costs and capital expenditures. In Q4-2025, West Fraser expects to record an approximately $409 million non-cash impairment of goodwill as a result of the protracted downcycle that has caused management to recalibrate certain assumptions used in its annual goodwill impairment test. Adjustments to these assumptions include, but are not limited to, species-specific product pricing trends, lower demand and pricing for wood chip residuals, and the depth and duration of the current downcycle and its expected recovery. The impairment represents the entire amount of goodwill associated with the Company’s US lumber operations.
- Related by the Canadian Press: West Fraser says it will record a $409M charge due to economic conditions in Q4
A new global risk assessment is warning that no country would be more “profoundly affected” by a political upheaval in the US than Canada. Published Monday, the Eurasia Group’s “
President Trump has delayed new tariff increases on upholstered furniture, kitchen cabinets, and vanities for a year, pushing their implementation to 2027, according to a 
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The union representing 350 Crofton mill workers facing layoffs next month wants federal money earmarked for softwood lumber workers to pay for early retirement for some of its members. Geoff Dawe, president of the Public and Private Workers of Canada, said he’s not sure why it’s taken so long for the provincial government to negotiate its share of a $50-million federal fund aimed at supporting softwood lumber workers. The fund is for income support and costs of re-training an estimated 6,000 forestry workers across the country. …Dawe wants some of that $50 million to go toward an early-retirement fund for members who will be out of work when forestry company Domtar starts laying off its Crofton workers on Feb. 3. …Dawe said the provincial and federal governments should bring back a lump-sum payment program for older mill workers that will “leave them some dignity.”
Premier David Eby will lead a trade mission to India promoting British Columbia’s businesses, critical minerals and sustainable wood products, supporting work to build a more independent economy and creating more good jobs for people in British Columbia. … “India is a key market for B.C. with enormous opportunities for trade. This trade mission is about deepening our relationships, supporting good jobs in B.C. and strengthening our position as the economic engine of the new Canadian economy,” Premier Eby said. As India moves toward becoming the world’s third-largest economy, the Premier will highlight opportunities for sustainable forestry, clean energy and responsible mining through new partnerships that are available only in B.C. …During the mission, from Jan. 12-17, 2026, Premier Eby, along with Ravi Kahlon, Minister of Jobs and Economic Growth, will meet with government and business leaders in major centres of commerce and technology, such as New Delhi, Mumbai, Chandigarh and Bangalore.
Since 2018, notes forestry watcher David Elstone, the British Columbia government has introduced more than 43 measures, policies, plans, systems, laws, reviews and reports about and affecting the BC forest sector. Meanwhile, there have been a series of closures and curtailments (permanent, temporary or indefinite) of sawmills and pulp mills, and thus workforce reductions. “And the fibre-supply crisis has continued to worsen, and . . . the industry is in far worse condition than ever before.” Elstone’s basic message: “Government has been busy designing change rather than figuring out solutions and moving forward. …Kim Haakstad, CEO of the BC Council of Forest Industries (COFI) echoes the analysis “There’s been a significant amount of change that hasn’t settled itself into the system, and there’s been no look at what regulatory efficiency can be achieved to make processes clearer, more transparent, and more accountable.”
The District of Vanderhoof, says it is now feeling the full financial impacts of Canfor’s 2024 Plateau sawmill closure and is facing a substantial loss of tax revenue for 2026. Canfor closed its sawmills in both Vanderhoof and Fort St. John, B.C., in December of 2024 citing “increasing regulatory complexity, high operating costs and the inability to reliably access economically viable timber.” Kevin Moutray is the mayor of The District of Vanderhoof, says the closure will create a loss of $580,000 in tax revenue equivalent to 11 per cent of its tax base. …Recent closures include the West Fraser’s sawmill in 100 Mile House and Domtar’s permanent closing of its plump mill in Crofton on Vancouver Island. “It’s difficult and sometimes action only happens in a crisis even though you sort of, can see some of it coming,” said Kurt Niquidet, B.C. Lumber Trade Council president and B.C. Council of Forest Industries chief economist.
The Municipality of North Cowichan said it is hoping to reopen the Bridging to Retirement Program and lower the eligible age to increase support for workers affected by the Crofton mill closure. Mayor Rob Douglas said he has asked the premier and the minister of forests to work with the federal government to reinstate the program, which was launched in 2021. He said the program is aimed at workers over 55 who do not “relish the idea” of retraining for new careers. “We recognize workers who are in their 50s and 60s are in a tough spot and are able to access pensions,” Douglas said. “For obvious reasons some aren’t too excited about going back and getting retrained to work in a whole different field.” …Douglas said the decision rests with the province and there is no definitive timeline for when workers or the municipality could see results.
WASHINGTON — A mandatory review of the Canada-U.S.-Mexico-Agreement on trade kicks into high gear this year as US President Trump continues his campaign to realign global trade and poach key industries from America’s closest neighbours. …Since the president’s return to the White House, however, confidence in CUSMA’s future has waned. Trade with Canada may not be front of mind for Trump, said Fen Osler Hampson, a professor of international affairs at Carleton University in Ottawa and co-chair of the Expert Group on Canada-U.S. Relations. It’s more like the “proverbial iceberg,” he said. “It’s what you don’t see that matters. And that’s the kind of hidden economic wiring of a very deep and highly interdependent relationship.” …Trump has complained repeatedly about long-standing irritants in the United States’ trade relationship with Canada — the supply management system for dairy products, the alleged subsidization of the softwood lumber sector, other non-tariff barriers.
MACKENZIE COUNTY, Alberta — An agreement with Calgary-based PowerWood Canada Corp. will bring two new wood pellet manufacturing facilities to the Mackenzie County region in Northern Alberta, Canada. Josh Knelsen, Mackenzie County Reeve, announced Dec. 23 the agreement. “This is a leading-edge, first-of-its-kind project in Canada that turns wildfire-damaged wood into clean energy and helps reduce reliance on coal,” said Knelsen. The two facilities represent the potential for up to 300 direct jobs,” with many more across forestry, construction, transportation, and local businesses. …Construction on two sites is expected to begin by mid-2026. …The facilities will also see the introduction of Canada’s first steam explosion pellet production process – developed by leading industrial systems engineers Valmet and capable of producing black wood biofuel pellets with 94% less carbon release than coal. …PowerWood Canada plans to open a second Alberta plant and has developed expansion plans for further plants in New Brunswick and Nova Scotia.
Manitobans should expect higher cabin and home insurance premiums in 2026, one expert says, after a 2025 fire season that destroyed at least 130 properties in the province and forced more than 32,000 people to leave their communities. Owners may also encounter new caps on payouts or exclusions in their policies that won’t cover certain hazards or parts of a property, or may find insurers will not provide coverage at all, said Jason Thistlethwaite, an assistant professor at the University of Waterloo’s school of environment, enterprise and development. “Insurance is a business, and they’re going to be looking to recoup those losses,” said Thistlethwaite, who studies the economic impacts of climate risk and natural disasters.
For a town still feeling the loss of its paper mill more than a decade ago, the promise of new industry is tantalizing; 50 or more new jobs, a much-needed boost to the local economy, perhaps a stepping stone to attract new business or help those already here expand. …the plan to build a new $210-million biofuel plant in Fort Frances is coming close to fruition and it could be a game-changer for the region – if it breaks ground this fall as anticipated. After an exhaustive search, the team has settled on the former Resolute mill site for its pilot project, a refinery that can turn the byproducts of logging … into synthetic gas, diesel and aviation fuel. The town is close to an abundant feedstock source, in the heart of a small labour market, owns its own affordable power production and is not far from colleges primed to provide essential training.
The Scierie St-Elzéar in Quebec, Canada, isn’t just a lumber mill; it’s a glimpse into the future of forestry. A $32.7 million investment in modernization, particularly in artificial intelligence (AI) and automation, is transforming the 80-year-old cooperative into a highly efficient, technologically advanced operation. …The core driver behind this shift is a growing labor shortage. …The St-Elzéar mill has reduced the number of personnel needed for planing operations from 16 to 8, while tripling productivity and boosting product quality by nearly 50%. This isn’t about replacing workers; it’s about shifting their roles. …The integration of AI isn’t limited to a single process. At Scierie St-Elzéar, AI-powered systems now identify wood species, allowing for the creation of more homogenous lumber batches for drying – a critical step in quality control. 
Plywood importer InterGlobal Forest, which is seeking a rehearing of its case challenging CBP’s finding that it evaded antidumping and countervailing duties on plywood from China, 
