Amid war-driven uncertainty, Canada holds interest rates steady and the US Fed is expected to follow suit. In related news: the gulf war is upsetting forestry supply chains and freight rates; and US lumber imports fell sharply in the last half of 2025. Meanwhile: naturally:wood released a new guide in support of mass timber buildings; Georgia Tech researchers developed a plant-based plastic substitute; and University of BC fire ecologist Kira Hoffman was named 2026 National Geographic 33 Honoree.
In Forestry news: Canadian Forest Owners’ partnership creates new insurance options for private forest owners; Interfor and Osoyoos Indian Band partner on forest management; the mild winter is helping Oregon’s planting crews; Virginia Tech launched a Sustainable Forest Supply Chain Collaborative; and Maine’s woodlot owners face new pest problems. Meanwhile: COFI’s Forestry is a Solution platform gets some pushback; is Fix Our Forest a free pass for US loggers; and a book review on Suzanne Simard’s When a Forest Breathes.
Finally, a new Vancouver exhibit follows the tugboats, beachcombers and arborists behind BC’s changing forest sector.
Kelly McCloskey, Tree Frog News Editor
Kemptville, ON — Under the leadership of Canadian Forest Owners (CFO), the Ontario Woodlot Association (OWA), along with partnering associations nationwide, has appointed BrokerLink as our exclusive insurance broker. This 
The Bank of Canada held its benchmark interest rate at 2.25% today as the economy performs below expectations, but war in the Middle East threatens higher inflation. The central bank’s decision to keep to the sidelines today was widely expected, but the future path for the policy rate is much less clear. Governor Tiff Macklem says in prepared remarks that the Bank of Canada is in a “dilemma” with U.S. trade uncertainty keeping the economy soft, but the Iran war sending global oil prices surging and likely spurring higher inflation in the months to come. Macklem says the central bank will look through the immediate inflationary hit from the war, but monetary policymakers will move to prevent persistent price hikes if the conflict persists or broadens. Statistics Canada reported an economic contraction in the fourth quarter of the year and sharp job losses in February.
Mercer posted Q4 earnings per share (EPS) of -$4.61 against a consensus estimate of -$0.83, a miss that signals the commodity cycle has gone from painful to existential. The headline driver was a $238.7 million non-cash impairment charge, including a $203.5 million write-down on its Peace River hardwood pulp mill. …International Paper’s Q3 2025 losses look alarming on the surface, with a $1.01 billion impairment on its Global Cellulose Fibers business and $675 million in accelerated depreciation from mill closures. But adjusted EBITDA came in at $859 million, up 28% sequentially. IP is taking pain by choice. Mercer is absorbing pain it cannot control. …IP’s pivot to pure-play global packaging via DS Smith gives it pricing leverage and diversified end markets. Mercer’s mass timber order book, at roughly $163 million in contracts including data center projects, is a genuine bright spot, but it cannot offset a pulp business bleeding cash.
WASHINGTON — Federal Reserve officials, convening in a wartime setting that began less than three weeks ago, are expected to hold interest rates steady on Wednesday even as a fresh jump in oil prices and data showing a rise in some aspects of inflation even before the start of the war with Iran may prompt them to recast the outlook for the U.S. economy, inflation and monetary policy. New projections to be released by the U.S. central bank at 2 p.m. EDT (1800 GMT) will show how policymakers assess the economic impact of President Donald Trump’s decision to launch an open-ended conflict in the Middle East, but the environment remained volatile even as they began the second day of their latest two-day policy meeting. …US producer prices rose in February by 3.4% on a year-over-year basis. Rising producer prices can feed into retail costs and signal higher future inflation.
Columbia Basin organizations and residents are benefiting from $3 million in wildfire reduction funding through a partnership between the Province of British Columbia and Columbia Basin Trust, according to a March 17 funding announcement. The projects are guided by FireSmart principles and aim to reduce wildfire risk and strengthen local resilience. The practical projects range from managing wildfire fuels to educating residents. Actions include hiring FireSmart coordinators, preparing fuel-treatment plans, carrying out on-the-ground fuel management and providing FireSmart training. The program is tailored to the Columbia Basin and is part of B.C.’s Community Resiliency Investment Program. The Ministry of Forests, BC Wildfire Service and Columbia Basin Trust are partners in delivering this support.
At the Natural Resources Forum in Prince George, the Council of Forest Industries announced its new platform entitled “Forestry is a Solution”. It is asking British Columbians to voice their support for forestry workers by pushing the BC government to speed permitting and access to timber but the main problem is that much of the timber needed does not exist because of decades of over-cutting. That is why more than 100 mills in BC have shut down since 2005. What COFI is really asking for is more access to protected areas, fire- and insect-damaged forests and the very modest and dwindling areas of remaining, unprotected old growth forests. …What is needed now are some major changes in how forests are monitored and trees allocated, with a lot less cutting and no cutting in primary forests whether old growth or fire or insect-damaged forests. …But what is allocated for cutting must make ecological sense.
A tree felled in B.C.’s coastal rainforest, is towed by tugboat to lumber mills along waterways like the Fraser River. It’s difficult work. In the cold months, gales tear through inlets and the river ices over; tides and storms can yank logs out of formation all year round. For decades, beachcombers salvaged escaped logs and sold them back into use. But fuel and boat costs are rising, and beachcombers’ ranks are thinning. Reave Dennison is sometimes a tugboat worker, sometimes a beachcomber and sometimes even an arborist, doing maintenance work on trees. …Over the last 10 years, he’s assembled a collection of photographs that document the beauty he sees while toiling in the field. …As part of this year’s Capture Photography Festival in Vancouver, Dennison’s images will be displayed at the Pale Fire art gallery from March 19 to May 9. The exhibit, called Tree Work, folds three of his projects into one. 
Vermonters are weighing the impacts of a federal bill — the 
OREGON — 
A federal judge in Alaska 
Years after logging at his Mariaville woodlot, Bob Seymour expected to see new hardwood trees growing in the understory. In fact, he took it as a given after decades in the Maine woods that natural regrowth would crop up. Instead, almost all of the young trees in some sections are eastern white pines he had planted. He believes that’s largely because deer populations are growing and eating more hardwood saplings, which means fewer trees and less diversity in the future. …It’s one of the most concerning changes that Seymour, a retired UMaine silviculture professor, has seen in almost five decades of experience researching forest management. …Such challenges to understanding and managing the Maine woods have grown in recent years amid climate change, which has brought destructive new pests, fast-moving diseases, invasive plants that take over, and warmer winters that change growing, harvesting and wildlife conditions.
WASHINGTON — The Carbon Business Council announced the launch of the Direct Storage of Biomass (DSB) Coalition, a new industry working group bringing together leading companies to advance understanding, credibility, and responsible deployment of direct biomass storage as a carbon dioxide removal (CDR) pathway. Direct storage of biomass, also referred to as terrestrial storage of biomass, involves durably storing organic material such as waste wood from forests, agricultural residues like corn stover, biochar, or other plant and biological matter. Storing these organic residues allow the carbon previously absorbed by the biomass to be durably locked out of the active carbon cycle. The biomass can be safely buried, stored deep underground in sealed reservoirs, wells or other containers. DSB can deliver durable atmospheric carbon removal while leveraging existing forestry, agricultural, and biomass-handling infrastructure. …The DSB Coalition is part of the Carbon Business Council’s broader initiative to scale carbon removal across air, land, rock, and water. 
COCHRANE, Alberta — West Fraser Mills has been charged in relation to a workplace death in Alberta