The Conference Board consumer confidence index fell sharply in January, surpassing its Covid-19 pandemic depths. In other Business news: Canada prepares for upcoming CUSMA talks; First Nations urge BC to keep DRIPA as is; BC’s forest sector faces tough 2026; Arkansas’ industry faces challenges of its own; and Fibre Excellence navigates markets troubles in France. Meanwhile: the Rayonier / PotlatchDeltic merger is approved; the National Wooden Pallet & Container Association has a new name; and Canada holds its interest rates steady, while the US is expected to do the same.
In Forestry/Climate news: BC updates forestry metrics for climate mitigation; Drax faces headwinds as Japan cuts wood pellet subsidies; biomass-to-jet fuel projects are on the rise; and an interview JP Gladu, a member of Domtar’s new External Sustainable Advisory Committee. Meanwhile: MNP is hiring a forestry consultant; and BC Wood sets date for the 2026 Global Buyers Mission.
Finally, the 2026 Forest Professionals BC Conference and AGM kicks off next week.
Kelly McCloskey, Tree Frog News Editor
OTTAWA — Canada’s premiers are set for two days of huddling in the nation’s capital with the economy, affordability and trade expected to be high on the agenda. The premiers meet with Prime Minister Mark Carney on Thursday, and will want to show a united “Team Canada” front as trade tensions rise again with Canada’s largest trading partner. The meetings come a year after U.S. President Donald Trump assumed office and hit Canada with blistering tariffs, and just ahead of negotiations to renew the Canada-United States-Mexico agreement, due for its first formal review this summer. Trump threatened Canada in recent days with 100% across-the-board tariffs on exports, which would land on top of the sectors already hit by steep U.S. tariffs, such as steel, softwood lumber and vehicles. Ontario Premier Doug Ford said the premiers will show they stand united as the whole Canadian economy remains under attack.
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VICTORIA — The president of the Tahltan Central Government, Kerry Carlick, said British Columbia shouldn’t change its Declaration on the Rights of Indigenous Peoples Act, just as the First Nation and the provincial government celebrate a landmark agreement based on the legislation. Carlick said it is not a “good idea to take anything away from DRIPA,” adding that “if anything, it should be strengthened.” Carlick was speaking at an event with deputy premier Niki Sharma where they co-signed an agreement to share mineral tax revenue from the Eskay Creek mine. The ceremony came after the provincial government issued an environmental assessment certificate to Eskay Creek Mining Ltd. to restart gold and silver mining after a first-of-its kind collaborative assessment process with the First Nation under DRIPA. The provincial government has said it plans to revise the act after a series of court rulings around Aboriginal title, responding specifically to those decisions.
A federal task force announced earlier this month will attempt to save Canada’s stricken forest industry from further decline through product and market diversification. While the support will no doubt be welcomed by the industry, in BC the more immediate need is access to timber. Canada’s forestry sector has been pummeled by a one-two punch of low lumber prices, and US duties on softwood lumber. The situation is particularly dire in BC where an integrated industry of lumber, remanufacturing, pulp and pellet mills has been collapsing like a row of dominos. …The industry is in crisis, a number of speakers said at the 
ALEXANDRIA, Va.
The Bank of Canada held its overnight interest rate steady at 2.25 per cent on Wednesday in a move widely expected by economists. The announcement comes amid ongoing trade uncertainty, with increased focus on the negotiation of the Canada-U.S.-Mexico Agreement and a murky outlook for the Canadian economy later in the year. Ahead of the announcement, economists polled by Reuters were unanimous in their expectations for a hold today, and nearly 75% forecast the central bank will stay on hold through 2026. In its December decision the Bank also held its policy rate stable. …“While this rate hold provides some stability, other factors such as economic uncertainty, potential job loss and affordability are continuing to put downward pressure on the housing market,” Rates.ca mortgage and real estate expert Victor Tran said in a statement following today’s decision.”
Canada’s economy could gain nearly 7%, or $210 billion, in real GDP over a gradual period by fully removing internal trade barriers between the country’s 13 provinces and territories, according to a report published Tuesday by the International Monetary Fund (IMF). On average, regulation-related barriers are the equivalent of a 9% tariff nationally, estimates the report, which was co-authored by IMF researchers Federico J. Diez and Yuanchen Yang with contributions from University of Calgary economist Trevor Tombe. …Because of the trade barriers between provinces, “Canada isn’t really one economy. It’s really 10 economies,” said Alicia Planincic, director of policy and economics at the Business Council of Alberta in Calgary. …The report points to finance, telecom, transportation and professional services as far-reaching sectors that “ripple through the economy” and raise costs for all of the businesses they touch. 
A 34-year-old rule exempting some commercial logging projects on federal lands from environmental review is unlawful, a federal judge recently ruled. Judge Michael McShane in the U.S. District Court in Medford earlier this month struck down the exemption, and with it, reversed recent approvals for three commercial logging projects covering tens of thousands of acres in Fremont-Winema National Forest in southern Oregon. The decision is the result of a 2022 lawsuit brought against the U.S. Forest Service by regional conservation groups Oregon Wild, WildEarth Guardians and GO Alliance. Since 1992, the U.S. Forest Service has been able to bypass environmental reviews required by federal law for logging projects on federal land, if the logging is meant to “improve forest stand conditions,” habitat or prevent wildfires, without “significant effect” on the human environment.
Over the past year, a wave of high-profile development proposals — from oil fields and mining roads to timber projects — has reshaped a fast-moving debate, propelling Alaska into the center of the national conversation over how to balance energy production with conservation. These projects have revived long-running tensions over what the state’s public lands are for, and who they ultimately benefit. The federal government has long viewed Alaska as resource-rich, a posture that’s intensified under the Trump administration. After meeting Trump in 2018, Gov. Mike Dunleavy called Alaska “America’s natural resource warehouse.” But the last time Alaska figured this prominently in national energy and conservation debates was in the late 1970s, said Philip Wight, at the University of Alaska Fairbanks. What makes today’s landscape different, Wight said, is a unified federal government pushing multiple contentious development proposals at once, with fewer moderate Republicans willing to oppose them ….
UK energy company Drax’s ambitions of becoming a significant wood pellet supplier to Asia are in danger of faltering as Japanese policymakers wind back generous subsidies for the biomass sector. Japan is set to soon surpass the UK as the world’s largest wood pellet importer after a post-Fukushima push to diversify power sources that caused hundreds of plants to spring up that burn wood pellets, palm kernel shells — a palm oil byproduct — and other organic materials. But policymakers in Japan are pulling support for the controversial industry after realising the hurdles to bringing down fuel costs. Tokyo has already cut subsidies for new projects of more than 10 megawatts. “The real intention is quite simple: no new government support, phasing out. We don’t see any clear path of bringing down costs in the foreseeable future,” said one government official. “Existing projects might survive but no new projects are coming.”
NEW YORK
The energy industry initially sold wood pellets as a way to clean up coal. And governments bought into that assumption. But now policymakers are questioning that position and even reversing course. At the center of this debate is a UK-based power company called Drax, which converted Europe’s largest coal plant into a biomass facility—one fueled by wood pellets that it imported from southern states in the United States. The debate raises a multitude of questions, namely those centered on pollution and costs. That is, if the additive creates more pollution than either wind or solar energy, why bother, especially since it comes from a power source that depends on subsidies? Merry Dickinson, campaign director for the Dogwood Alliance, told me that Drax now operates entirely on woody biomass… “The amount of wood required … is beyond what is available as waste wood,” Dickinson says. “…much of the supply consists of whole trees.” [Forbes allows 4 free articles per month]