Canada experienced its worst wildfire season in recorded history in 2023, with 19 million hectares burned, more than six times the historical average. …The burn doesn’t stop there—wildfires also harmed the economy. Though the full extent of the damage is yet to be assessed, it’s already clear that this years wildfires had significant impacts on the forest industry, which constitutes 1.7 per cent of Canada’s GDP and directly employs more than 200,000 people, especially in rural and remote communities. …There are a variety of ways wildfires impact the forest sector. The most visible is that they disrupt forestry operations and reduce the amount of timber supply available, hurting workers and forest-dependent economies in the process. …Lower timber supply can lead to a temporary increase in lumber prices, impacting homebuilding and housing affordability. …As the impacts of climate change continue to intensify, proactive actions from governments and industry players are crucial