Daily News for March 27, 2026

Today’s Takeaway

War, trade tensions push mortgage rates higher, cloud housing outlook

The Tree Frog Forestry News
March 27, 2026
Category: Today's Takeaway

US mortgage rates climbed to a 6-month high as war-related inflation and trade tensions weigh on housing markets. In related news: Ontario’s budget retains housing sector incentives; an Alberta bill removes in-country trade barriers; the EU approves US trade deal with safeguards; and the World Trade Organization says tariffs and mistrust are hurting trade. Meanwhile: Georgia Pacific names David Duncan CEO; and the Softwood Lumber Board’s latest market growth update.

In Forestry/Climate news: Canada’s air pollution exceeded US in 2025 due to brutal wildfire season; legislation to rescind the Roadless Rule is officially introduced in US House; a new study say the FSC label gained relevance with European consumers; SFI released an Indigenous Rights and Relationship Building video; and record temperatures are expected though Sunday in the southeastern and central states.

Finally, scientists say glacier retreat visible in Antarctic due to human-caused climate change.

Kelly McCloskey, Tree Frog News Editor

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Business & Politics

Canada built its forest industry for one customer. B.C. is now paying the price

By Jordan Solomon, president and CEO, Ecostrat
Vancouver Sun
March 26, 2026
Category: Business & Politics
Region: Canada West

B.C.’s latest budget confirmed: One of the province’s foundational industries has lost more than half its public revenue base in a single economic cycle. Forestry revenues are projected at $521 million, down from $1.3 billion just a few years ago. …It is a structural failure. For decades, Canada built its forest economy around a single export market and a narrow set of commodity products. That strategy has now been exposed as dangerously fragile. …The issue is not a lack of fibre, skills, infrastructure or industrial heritage. …The issue is the absence of investment-grade data and intelligence that allow global firms to move quickly from site selection to financing and construction. …Canada already has a strong global investment attraction network through Invest in Canada and the trade commissioner service… What is missing is nationally consistent, standardized data sets on forest biomass availability, infrastructure capacity, workforce readiness, and permitting pathways that allow those teams to respond immediately when firms begin evaluating locations.

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Alberta moves to ease trade rules on consumer goods coming from other provinces

By Jack Farrell
CBC News
March 26, 2026
Category: Business & Politics
Region: Canada West

Alberta’s government has tabled legislation to ease regulations and barriers to more easily enable the sale of some goods from other provinces. It’s part of a commitment Alberta made with its provincial and federal counterparts in signing an interprovincial free trade pact in November. That trade accord, which is supposed to take effect this summer, would see provinces recognize each other’s regulations for most consumer and capital products to avoid duplicative inspections and requirements. …Government officials told reporters before the bill was tabled that manufacturers in industries such as oil and gas, lumber and logging and fertilizer producers will likely see the most positive impact once the pact takes effect.

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Ontario’s 2026 budget sees deficit hit $13.8B amid looming global instability

By Adam Carter
CBC News
March 26, 2026
Category: Business & Politics
Region: Canada, Canada East

Peter Bethlenfalvy

The spectre of worldwide instability looms large in Ontario’s 2026 budget, which includes a small business income tax cut alongside a temporary reprieve on HST for buyers of new homes — but also pushes back a balanced budget for yet another year with a higher-than projected deficit. The $244-billion spending plan is replete with phrases like “uncertainty” and “heightened trade tensions,” and includes an increase in reserve spending from $1.5 billion in 2026-27 to $2.5 billion in 2028-29. …Finance Minister Peter Bethlenfalvy said “Geopolitical forces that may have once felt distant have now reached our shores,” he said. “Global economic and trade tensions, supply chain disruptions, shifting markets — simply put, the world has changed, and we must change with it.” …The province’s recently announced plan to temporarily remove HST for buyers of new homes remains, with plans in place for the full 13% tax to be removed for new homes valued up to $1 million.

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European Parliament gives conditional approval to EU-US trade deal

By Jessica Rawnsley
BBC News
March 26, 2026
Category: Business & Politics
Region: United States, International

The European Parliament has backed legislation to implement an EU-US trade deal, following months of uncertainty over President Donald Trump’s tariff threats. A majority of lawmakers voted in favour of the measures on Thursday, but added a series of safeguards to ensure the US honours its side of the deal struck last July. The legislation would set tariffs at 15% for most EU goods – down from the 30% initially threatened – in exchange for European investment in the US and the removal of EU import duties on US industrial goods. The vote comes after months of delay following Trump’s threats to annex Greenland and a US Supreme Court ruling that found some of his tariffs unlawful. The EU assembly voted by 417 to 154, and 71 abstentions, in favour of the legislation. The text will need to be signed off by all of the bloc’s 27 member states, with a concluding vote expected in April or May.

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BC reaction to US Supreme Court tariff ruling

Global News
March 27, 2026
Category: Business & Politics
Region: United States

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Georgia-Pacific Announces President & CEO; Duncan to Lead Nearly 100-year-old Atlanta-Based Manufacturing Company

Georgia Pacific
March 26, 2026
Category: Business & Politics
Region: United States, US East

David Duncan

ATLANTA – Georgia-Pacific announced that effective immediately, David Duncan, executive vice president of Georgia-Pacific’s consumer products group, has been named president and CEO. Mark Luetters, who currently serves as executive vice president of Koch had temporarily served as CEO since 2025. David Duncan, executive vice president of Georgia-Pacific’s consumer products group, has been named president and CEO. He’s been with the company since 2018 in leadership roles and has 28 years of experience at Koch companies. Prior to joining Georgia-Pacific, he served as president of performance solutions at INVISTA. …Vivek Joshi, currently president of the consumer tissue, towel and napkins (TTN) business, will become executive vice president of the consumer products business. 

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Hearing set for Georgia Pacific’s polluted water discharge plan

By James Call, USA Today
The Tallahassee Democrat
March 25, 2026
Category: Business & Politics
Region: United States, US East

The Florida Department of Environmental Protection will hold a public hearing in April on Georgia Pacific’s request to release stormwater runoff from a closed paper mill into the Fenholloway River near Perry.  The Koch Industries subsidiary is embroiled in a dispute with neighboring landowners that has forced it to seek a permit to discharge 5 million gallons of polluted water daily from the site of the closed Foley Cellulose plant into the river. In December, GP submitted the permit application after an arbitrator sided with Four Rivers Land & Timber, who had blocked GP’s use of a 15-mile-long pipeline built to carry the discharge to the river’s mouth at the Gulf. …While there is no new effluent or wastewater, because GP has significantly dismantled the plant, there are pollutants in the ground accumulated during the 70 years the plant was in operation. 

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World order has irrevocably changed: World Trade Organization chief

Reuters in CTV News
March 26, 2026
Category: Business & Politics
Region: International

GENEVA — The head of the World Trade Organization said on Thursday the multilateral system has fundamentally changed and that countries must look to the future to consider how to reform the global trade system. …“We must look to the future,” WTO Director-General Ngozi Okonjo-Iweala told delegates at the opening of the 14th WTO ministerial conference in Yaounde, Cameroon. While 72% of global trade still takes place under WTO rules, with growth in AI-related trade providing a bright spot, Okonjo-Iweala said the world trading system faces significant uncertainty due to the Middle East conflict and impact of U.S. tariffs on countries around the world. Okonjo-Iweala set out a list of problems facing the WTO, including the paralysis of the WTO’s dispute settlement body and transparency in notifying the use of subsidies. …“Lack of transparency leads to lack of trust, and that breeds suspicions of unfairness and anti-competitive behaviors,” she said.

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Finance & Economics

US inflation projected at 4.2% amid Iran war fears

By Tara Suter
The Hill
March 26, 2026
Category: Finance & Economics
Region: United States

US inflation is projected at 4.2% this year amid economic concerns surrounding the US-Israeli conflict against Iran, according to the Organisation for Economic Co-operation and Development (OECD). In a new report, the OECD made 2026 inflation projections for multiple countries, with the United Kingdom at 4%, Japan at 2.4%, Canada at 2.4% and the US at 4.2%. “The evolving conflict in the Middle East has human and economic costs for the countries directly involved, and will test the resilience of the global economy,” the OECD report reads. “A halt in shipments through the Strait of Hormuz and the closure or damage of energy infrastructure has generated a surge in energy prices and disrupted the global supply of energy and other important commodities, such as fertilisers,” it continues. …The current average price for a regular gallon of gas in the US is about $3.98, up about a dollar from last month, according to AAA.

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US mortgage rates rise to 6.38%, the highest level in 6 months

Freddie Mac
March 26, 2026
Category: Finance & Economics
Region: United States

MCLEAN, Virgina — Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.38%. “Mortgage rates this week averaged 6.38%,” said Sam Khater, Freddie Mac’s Chief Economist. “The housing market continues to show gradual improvements compared to a year ago amid recent rate volatility. Purchase and refinance applications are up year-over-year, and rates remain lower than last year when they averaged 6.65%.” The 30-year FRM averaged 6.38% as of March 26, 2026, up from last week U.S. weekly average mortgage rates as of 03/26/2026 when it averaged 6.22%. A year ago at this time, the 30-year FRM averaged 6.65%. The 15-year FRM averaged 5.75%, up from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 5.89%.

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U.S. Imports Of Hardwood Plywood Drop By 7%

Decorative Hardwoods Association
March 26, 2026
Category: Finance & Economics
Region: United States

U.S. imports of hardwood plywood began the year with a decline of nearly 7% in volume in January 2026 vs. January 2025. Imports from Vietnam dropped by almost 50%. Imports from Indonesia fell by close to 8%. However, imports from Malaysia shot up by nearly 200%, and imports from Cambodia jumped by more than 440%. [other declines of note include Canada -8%, Russia -7%, and China -52%]

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Wood, Paper & Green Building

Accelerator City Programs Support 10 New Projects

The Softwood Lumber Board
March 27, 2026
Category: Wood, Paper & Green Building
Region: United States

In the March Softwood Lumber Board newsletter, you’ll find these headlines and more:

  • SLB-supported Accelerator City initiatives in New York City and Georgia recently held celebration events to recognize 10 innovative wood buildings selected for program support. Developed in partnership with the USDA Forest Service and supported by the U.S. Endowment for Forestry and Communities, the Accelerator Cities Program provides targeted funding, technical assistance, and local industry engagement to help high-opportunity cities pilot and scale lumber-based building systems.
  • The Softwood Lumber Board seeks nominations for three domestic softwood lumber manufacturers and one importer interested in candidacy for Board seats coming open in January 2027. 
  • Senior housing represents structural growth opportunities in the next decade. …the U.S. must deliver more than 100,000 senior housing units annually through the 2030s…
  • In January, the SLB sponsored the American Institute of Architecture Students (AIAS) Forum—the largest annual gathering of architecture students in the United States. The event convened 350 students representing 55 schools from across the country.

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Forest Certification Gains Relevance Despite Shifting Consumer Focus, Study Shows

By Lara Emundts
European Supermarket Magazine
March 26, 2026
Category: Wood, Paper & Green Building
Region: International

Awareness of the Forest Stewardship Council (FSC) label for responsible forest management continues to rise in Germany, reaching 77% in 2025, a recent survey has indicated. According to the 2025 Global Consumer Awareness Survey, conducted by Ipsos on behalf of the FSC, recognition of the label has reached 77% among German consumers – up six percentage points since 2022. The study, based on more than 32,000 consumers globally, shows that 59% of German respondents trust brands more if they offer FSC-certified products. Across the DACH region, awareness remains high, particularly in Switzerland (81%) and Austria (68%). …The data reflects a broader behavioural shift: while environmental issues receive less public attention, consumers increasingly act on sustainability through everyday purchases. …For retailers and brands, the growing demand for credible sustainability claims is becoming increasingly significant.

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Forestry

Canada’s pollution levels exceed the US due to brutal 2025 wildfire season

By Cheryl Santa Maria
The Weather Network
March 26, 2026
Category: Forestry
Region: Canada

2025 was Canada’s second-worst wildfire season on record. Canada’s air quality was worse than the United States in 2025, thanks to a record-breaking wildfire season last summer, according to a new report by IQAir. Canada doesn’t have the worst air quality in North America: That designation goes to Mexico, which landed at 50 on IQAir’s 2025 list of most polluted countries and regions. Wildfires pushed Canada to 117 in 2025, with the United States taking the 120th spot. These wildfires not only made Canada more polluted than the United States, but they were also large enough to affect air quality in Europe as smoke crossed the Atlantic Ocean. Between May 2025 and November 2025, Canada experienced its second-worst wildfire season ever, with over 6,000 wildfires and 8.3 million hectares burnt across the country. …Health Canada estimates that air pollution contributes to 15,300 premature deaths each year in Canada. 

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The Sustainable Forestry Initiative Releases New Spotlight Video Featuring Tsuut’ina Nation

Sustainable Forestry Initiative
March 26, 2026
Category: Forestry
Region: Canada West

The Sustainable Forestry Initiative (SFI) is proud to release a new Indigenous Rights and Relationship Building Spotlight video featuring the Tsuut’ina Nation. The video highlights the Nation’s leadership in land stewardship, including wildfire resilience and community-based forest management, and in strengthening capacity, engaging youth, and advancing long-term sustainability rooted in the cultural values and self-determined priorities. It also shares how the SFI Forest Management Standard supports the implementation of many of these priorities and values, such as mitigating undesirable impacts of wildfire. …For many years, Tsuut’ina Nation has worked closely with SFI-certified organization West Fraser Cochrane, formerly Spray Lakes Sawmills, on land management consultation within its Traditional Territories and land management planning as the Nation advances toward SFI certification. One of their priorities has been wildfire mitigation efforts to reduce the risk near the community. 

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Approximately 600 trees replanted at Mission’s annual ‘CutBlock Party’

By Dillon White
The Mission Record
March 26, 2026
Category: Forestry
Region: Canada West

Mission’s forestry department hosted its annual ‘CutBlock Party’ last Saturday (March 21). The approximately 150 people in attendance planted 600 trees near Hunter Logging Road at the end of Sabo Street in northern Mission. The newly-planted trees are part of the effort to reforest a recently logged cutblock. They are among the estimated 100,000 trees the forestry department is planting this spring as part of its annual silviculture and reforestation program. Bari Hanus, forestry technician with the City of Mission, said the species that are being planted are mainly Douglas fir, western red cedar and white pine. “We plant really high quality seedlings that are well-suited to Mission’s climate. Those species are all selected for their climate adaptability, their role as a native species, and their ability to thrive in local forest ecosystem,” Hanus said.

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Fuel reduction work coming to Lytton, Hat Creek areas

By Barbara Roden
The Ashcroft-Cache Creek Journal
March 26, 2026
Category: Forestry
Region: Canada West

The BC Wildfire Service (BCWS) will be jointly working on two fuel reduction measures near Lytton, one in Botanie Valley and the other near Highway 1 north of the town, and one in the Hat Creek Valley. The Hat Creek cultural burn will cover an area of up to 40 hectares, approximately 15 kilometres west of Cache Creek in the Upper Hat Creek Valley. The project, known as the Harry Lake Grasslands cultural burn, is in partnership with the Thompson Rivers Natural Resource District and Bonaparte First Nation. The burn is part of a multi-year project meant to introduce fire into the Upper Hat Creek Valley. Key goals of the burn include revitalization of cultural burning practices by St’uxwtéws (Bonaparte) First Nation; reintroduction of fire to a fire deficit ecosystem; and ecological maintenance and improvement of grasslands. It is also part of a research initiative being undertaken by the University of British Columbia into prescribed fire in the area.

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Congresswoman Hageman seeks to repeal Roadless Rule

By Aubrey Hale
SVI News
March 26, 2026
Category: Forestry
Region: United States

US Representative Harriet Hageman (R-WY) has introduced legislation that would nullify the 2001 Clinton administration Roadless Rule and permanently restore active forest management on National Forest System lands, saying the restriction has blocked access and increased the risk of catastrophic wildfires across the West. Hageman introduced the bill in Washington with original cosponsors including Representatives Troy Downing (R-MT), Celeste Maloy (R-UT), Pete Stauber (R-MN), and Tom Tiffany (R-WI). Her measure would codify the Department of Agriculture’s recent rescission of the Roadless Rule and direct future road construction to support missions such as timber harvesting, watershed management, and wildfire prevention. …Congresswoman Hageman framed the legislation as an effort to return National Forests to their original multiple‑use mandate. “Our Forest Service lands were always to be managed and providing commodities, a continuous supply of timber, a continuous supply of water to be used for grazing, multiple use, etc.,” she said.

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Forest ‘fading’ in the face of withering drought

By Peter Aleshire
The Payson Roundup
March 27, 2026
Category: Forestry
Region: US West

A new satellite-based study indicates widespread drought stress and insect damage across the Apache-Sitgreaves National Forests, with significant implications for wildfire risk, forest management and long-term ecosystem change. Researchers found roughly one in four ponderosa pines are experiencing moderate to high levels of drought and insect damage. More than half show signs of “fading,” a condition tied to prolonged moisture loss, though the severity varies by ranger district. The study analyzed tree “greenness” across the forest, a key indicator of health derived from satellite imagery. The Apache-Sitgreaves spans roughly 6 million acres in northern Arizona, including the White Mountains, among the state’s wetter regions. Despite that reputation, the findings reinforce a growing body of research showing that decades of drought, increasingly severe wildfires and bark beetle infestations are reshaping these forests. In some areas, ponderosa pine stands have failed to recover following high-intensity fires, particularly where drought stress was already severe.

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Carbon, Climate & Bioenergy

Glacier retreat visible, says B.C. scientist on research expedition to Antarctica

By Tiffany Crawford
Vancouver Sun
March 26, 2026
Category: Carbon, Climate & Bioenergy
Region: Canada, International

For more than a decade scientists have documented how Antarctic sea ice has been retreating because of human-caused climate change. Now a team of Canadian and Chilean scientists is returning to Punta Arenas, Chile from a 14-day expedition on an icebreaker with data that will contribute to understanding how the continent’s ice, oceans and ecosystems are changing and how much glacier melt is accelerating. …Understanding climate change in Antarctica is important because it holds about 90 per cent of the world’s glacier ice, so what happens here will have major effects on the rest of the world, said B.C. scientist Thomas James. He’s the chief scientist of the expedition with the Geological Survey of Canada. …With this data, scientists can begin to understand how much human-caused global warming is changing the environment over time.

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Wood Fuel: The Key To Preventing New Zealand’s De-Industrialisation

By the Bioenergy Association
New Zealand Scoop
March 26, 2026
Category: Carbon, Climate & Bioenergy
Region: International

New Zealand is facing a pivotal moment. Rising energy costs, tightening emissions requirements, and volatile global fuel markets are placing unprecedented pressure on the country’s industrial base. The Bioenergy Association says that “the recent announcement of the Wattie’s processing line closure and McCain’s in Hawke’s Bay is the clearest signal yet: without affordable, reliable, low-carbon heat, New Zealand risks losing the industries that underpin regional economies. Wood fuel—produced from domestic forestry residues and low value logs—offers a low-cost practical, scalable, and immediately available solution to halt this slide.”

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Health & Safety

More than 100 daily high temperature records are expected through Sunday, forecasts show

By Emily Mae Czachor
CBS News
March 26, 2026
Category: Health & Safety
Region: United States

High temperatures are expected to continue baking large sections of the U.S. through the end of the week, potentially setting more than 100 new daily temperature records between Thursday and Sunday, forecasts show. Temperatures were forecast to linger around 30 or 40 degrees above average in a number of southwestern and Central states, continuing a trend that began earlier in the week as a massive heat wave expands further into the western two-thirds of the country, said CBS News meteorologist Nikki Nolan. Indianapolis reached 81 degrees Fahrenheit on Thursday, breaking a 1907 record of 80 degrees, the National Weather Service said. …The heat wave that initially brought unusual warmth to the West last week has been slowly moving eastward, with forecasts indicating it would arrive on the southeastern coast by Friday. Along the way, it may fuel a series of potentially severe storms across parts of the Midwest. 

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