Canfor is expanding its value-added business with the acquisition of Calgary-based PinkWood. In related news: US Trade Rep Greer blames Canada for lack of trade progress; columnist Matthew Lau is skeptical of Canada’s new forest plan; Domtar appoints John Graves general manager of its Sanford, Florida mill; the Bank of Canada held interest rates steady; and US inflation climbed above 4%.
In Wood Product news: Ontario sees jump in mid-rise wood construction, a BC study explores biophilic design and employee wellbeing; Ireland looks to increase timber use; and new wood showcases via Vancouver’s amphitheater, and the University of Tasmania’s The Forest.
In Forestry news: a Senate committee report highlights Canada’s wildfire crisis; Ontario’s NDP released a forestry strategy focused on jobs, BC ENGOs push for less logging; California ENGOs say ending the roadless rule would be bad; and inside the chaos at Vermont’s Forest Service offices.
Finally, 30 years after Canadian wolves returned to Yellowstone, scientists debate their impact.
Kelly McCloskey, Tree Frog News Editor
In addition to its attention-grabbing National Artificial Intelligence Strategy, last week the federal government launched its nationwide Forest Sector Action Plan. The premise behind these national plans and strategies is that individuals and businesses are incapable of managing their own affairs, and so need guidance from an all-wise federal government. …One excellent reason for skepticism about national government planning is given by the government itself. “Canada’s forest sector has faced crisis after crisis over the past 20 years,” it begins. Three sentences later, it says: “For decades, governments have delivered programs to promote investment, research, innovation, Indigenous involvement and market diversification in Canada’s forest sector.” If government forestry programs have produced crisis after crisis for decades, the idea that even more government planning will help is optimistic, to say the least. The action plan is full of central-planning interventions that have failed across industries for decades.
Vancouver, BC — Canfor Corporation announced today that it has entered into an agreement with PinkWood Ltd. to purchase its I-joist business for $68.0 million, including working capital. Founded in 2009, PinkWood is the largest Ijoist facility in Western Canada, producing engineered wood joists for residential, multi-family, and commercial construction. Located in Calgary, AB, PinkWood has 120 employees, with production capacity of 46 million linear feet. The purchase price represents a 5 times EBITDA multiple based on current production levels and earnings, including identified synergies. … “PinkWood is a leading manufacturer of high-quality I-joists with a strong management team and stable returns,” said Susan Yurkovich, President and CEO of Canfor. “Canfor’s acquisition of PinkWood complements our operations in Western Canada by enhancing product diversification and supporting the continued expansion of our value-added manufacturing capabilities.
The Bank of Canada is leaving its benchmark interest rate unchanged as it tries to chart a course through global uncertainty. The central bank’s policy rate remains at 2.25 per cent today after its fifth consecutive hold. Bank of Canada governor Tiff Macklem says in prepared remarks that the economy was softer than expected in the first quarter of the year but global oil prices are also staying higher than first thought, which could keep the annual rate of inflation near three per cent for the next few months. The Bank of Canada can’t effectively respond to rising inflation and a weaker economy at the same time, so Macklem says leaving the policy rate unchanged balances those risks. The central bank sees a rebound in economic growth on the horizon but Macklem warns uncertainty is high around the war in Iran and US trade policy.
Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics. Prices rose 0.5% on a monthly basis, driven higher by the US-Israeli war with Iran, the latest Consumer Price Index shows. The higher cost of energy accounted for 60% of the monthly increase. …“[4.2%] is still too hot for comfort, but the more important news was that the increase was concentrated mainly in energy, especially gasoline, rather than spreading widely across the economy,” economist Sung Won Sohn, at Loyola Marymount University. …May’s release is the first inflation report since Kevin Warsh was sworn in as the chair of the Federal Reserve, succeeding Jerome Powell. With inflation moving in the wrong direction and the labor market showing signs of resilience, economists expect the US central bank to keep rates unchanged — or even consider raising them.
Mississauga city staff are reviewing a proposal for a “wood recovery facility” and an associated office building near Winston Churchill Boulevard and Lakeshore Road near the Oakville border. Applications have been submitted to amend the official plan and zoning to permit the facility, which would recover wood material to be used as a fuel source, according to the city. …local councillor, Alvin Tedjo said the cement plant provides roughly a third of all the cement for the province but still uses coal, adding the proposed wood recovery plant would provide low-carbon fuels. “The idea is that this plant would then create and process the materials in order to be used in the cement process which would then significantly reduce the use of coal and actually is part of removing coal completely from the (cement) plant so that we can be fully coal-free in Mississauga,” Tedjo said in a June 4 interview.
Three years ago, the Ontario Building Code required that any developer taking on a mid-rise wood-frame building had to construct stairwells out of non-combustible material. That was expensive. It made construction challenging, and, according to the 
IRELAND — Minister for Agriculture Martin Heydon [et al]… welcomed the final report from the interdepartmental and industry 
The first eight wolves arrived through the Roosevelt Arch on the morning of 12 January 1995, in a horse trailer escorted by two park service patrol cars. The wolves had been live-trapped in three different packs in Jasper National Park and the surrounding wilderness of Alberta, Canada, weighed, fitted with radio collars, and flown south. Wyoming Farm Bureau Federation lawyers had obtained a stay from a federal appeals court before the plane landed, and the wolves spent the next several hours confined in their transport crates while the legal status of the project was resolved. The stay was lifted just after midnight. …What happened in the thirty years after 1995 has become one of the most-cited and most-contested case studies in contemporary ecology.
On the B.C. government website, you can read the following: “B.C. is a world leader in sustainable forest management”. …However, if you talk to BC forest ecologist Rachel Holt… or former B.C. Liberal MLA Mike Morris, you get a very different perspective. …The Council of Forest Industries says, “in BC. three to four tree seedlings are planted for every tree that is cut”. That does not solve the problem. In the last 40 years, the rate of cutting has sped up. That means there are many very young forests, not suitable for wildlife habitat and not suitable for logging. …Several groups in BC are pushing for less logging, protection of our remaining primary forests and more ecologically sound forestry practices. The down side? Large forestry companies make less profit. The upside? More jobs, healthy forests… fewer wild fires and fewer greenhouse gases.
ORANGE COUNTY, California — Environmentalists are trying to raise public awareness about a plan within the Trump administration to allow roads, and potentially long-term business development, in much of the nation’s federal forest system, including the biggest undeveloped stretch of Orange County. Recently, the effort has included rallies in Los Angeles, Orange and Riverside counties. More rallies are planned in coming weeks in central and northern California. At issue is the fate of the “Roadless Area Conservation Rule,” an administrative regulation that has been in place since 2001 as a way to preserve 60 million acres of federal land for recreation and habitat protection. The rule, which is not a law, has survived every presidential administration of this century, and environmentalists say it has helped protect everything from the Pacific Crest Trail to the California Condor. …Environmentalists say ending the roadless rule would be bad for the environment and for local property values. 