The United States (@4.5%) and Canada (@2.75%) hold their benchmark interest rates steady. On the Canada-US trade front: Carney says Aug 1 deadline may not be met; Premier Eby wants to keep lumber on the table; and Ontario’s Kevin Holland and Guy Bourgouin bemoan the US antidumping rate hike. Meanwhile, Vaughn Palmer says BC NDP brush off industry solutions; Campbell River’s Mayor calls for permit action; BPWood expands its supplier network; MNP helps with BC’s Motor Fuel Tax; Boise Cascade faces strike in Billings, Montana; Clearwater Paper and Smurfit WestRock report Q2 earnings; and Georgia-Pacific’s CEO is retiring.
In Forestry/Wildfire news: Canada’s Annual Report on the State of its Forests begets ENGO pushback; logging in California said to benefit water and species; Oregon’s wildfire bill cut landowner costs; Washington ENGO’s say collaboration gives way to timber interests; and wildfires, smoke and evacuations dominate the Pacific Northwest. Meanwhile, and tragically, the Nebraska wood pellet explosion resulted in 3 deaths.
Finally, a UK study says global wood harvest is sufficient for climate-friendly timber cities.
Kelly McCloskey, Tree Frog News Editor
Prime Minister Mark Carney confirmed earlier on Wednesday that trade negotiations have not been finalized just two days ahead of the deadline. “It is possible that [negotiations] may not conclude by the first of August,” Carney said at a news conference on Wednesday. Trump set an Aug. 1 deadline for Canada to reach a trade deal and has threatened to impose a 35 per cent tariff on goods that don’t comply with the Canada-U.S.-Mexico Agreement (CUSMA). …”The president has been very clear … that there are certain sectors that are strategic, in their judgment, to the United States’ economy: aluminum steel, automobiles, pharmaceuticals, semiconductors and lumber,” Carney said. The prime minister previously hinted that the Canadian government is in no rush to finalize a deal by Friday, saying last week that his objective is “not to reach a deal whatever it costs.”
VICTORIA — The Council of Forest Industries wrote a letter to the New Democrats earlier this month, outlining more than a dozen proposals to rescue a struggling industry. “B.C.’s forest industry is in crisis,” wrote COFI President Kim Haakstad in the July 14 letter to Forests Minister Ravi Parmar. “Fibre availability is at historic lows, permitting systems are gridlocked, and investment is retreating in the face of prolonged uncertainty. The risk is not gradual decline — but accelerated facility closures, job losses, and the permanent erosion of forest industry capacity.” Haakstad was responding to Premier David Eby’s announcement of a “major project” to restore the industry in a speech to this year’s COFI’s convention. …I asked the government last week for a response to the proposals set out in the COFI letter. I got back a general statement from Parmar, which pretty much brushed aside the notion of a crisis in the industry.
Campbell River Mayor Kermit Dahl sent an open letter to Premier David Eby, calling for immediate action to address issues within B.C.’s coastal forestry sector. Dahl warns continued inaction could result in further mill closures, job losses and the collapse of the coastal forestry industry. According to Dahl, coastal harvest volumes have dropped by over 40 per cent since 2019, with more than 5,400 direct forestry jobs lost since 2022. The 2025–26 budget projects a harvest of 32 million cubic metres … an estimated $275 million in lost revenue. The mayor says Premier Eby pledged to “protect jobs and the economy” when reshuffling his cabinet and says “those words ring hollow for thousands of coastal forestry workers watching their industry collapse—… from policy paralysis and regulatory misfires.” Dahl argues the crisis is not caused by … internal delay. “When harvest approvals that once took six months now take two years or more, that’s not a tariff issue—it’s a made-in-B.C. problem,” Dahl says.
In British Columbia’s forestry sector, logging and trucking businesses are beginning to take a closer look at how they manage and report fuel use. While the Motor Fuel tax rules themselves haven’t changed, recent enforcement has prompted many operators to reassess long-standing practices — particularly when it comes to using coloured fuel in mixed on- and off-highway operations. For businesses that rely on marked fuel in remote areas or cross between forest roads and public highways, assessments are surfacing more frequently and creating uncertainty around compliance. If you’ve received a notice — or aren’t sure whether your operations could be affected — there are steps you can take to reduce the impact and protect your business. …Increased enforcement of the B.C. Motor Fuel Tax rules has created a layer of complexity that many forestry businesses weren’t prepared for. …the consequences of misunderstanding the rules, especially around fuel eligibility, have become more serious.
Mushkegowuk-James Bay MPP Guy Bourgouin is calling on the province to take immediate action to protect Ontario’s forestry sector in the wake of new U.S. tariffs on Canadian lumber. Bourgouin said the impact of the tariffs imposed by U.S. president Donald Trump could be devastating for northern communities that depend on the industry. “The anti-dumping tariffs imposed by Trump will devastate our lumber industry. Condemning Trump’s actions isn’t enough. We saw it with the auto sector, with steel, and now with lumber — the Premier’s ‘wait and see’ approach is leaving thousands of workers vulnerable to layoffs.” Bourgouin criticized the Ford government for failing to present a concrete strategy, calling their approach “an afterthought” for northern Ontario’s economy. …Ontario NDP party argues that using Ontario-produced wood could tackle multiple challenges at once, safeguarding forestry jobs, boosting local economies, and addressing the province’s housing shortage with “made-in-Ontario” solutions.
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are fluid, threats of new sectoral tariffs continue, and US trade actions remain unpredictable. …The current tariff scenario has global growth slowing modestly to around 2½% by the end of 2025 before returning to around 3% over 2026 and 2027. CPI inflation was 1.9% in June, up slightly from the previous month. …Based on a range of indicators, underlying inflation is assessed to be around 2½%.
Canada’s pension funds have more than $1tn invested in the United States, and that figure could grow by $100bn or more annually, said Dominic LeBlanc, the federal minister responsible for US trade, during a visit to Washington. …Financial Post reported that LeBlanc made the comments in response to questions about whether US President Donald Trump might request specific commitments on Canadian investment as part of trade talks. The US has offered increased foreign investment as a possible pathway to improved trade terms. …Despite the potential growth in US exposure, LeBlanc said the federal government would not direct pension managers to increase their holdings or participate in specific American projects as a condition for reduced tariffs. Canada’s pension funds are already deeply integrated into US markets.
Japan’s housing starts fell 15.6% year-on-year in June 2025, slightly better than market expectations of a 15.8% drop and easing from May’s sharp 34.4% plunge—the steepest since September 2009. This marked the third consecutive monthly decline but the mildest in the sequence, as contractions slowed across key categories: owned (-16.4% vs -30.9%), rented (-14.0% vs -30.5%), built-for-sale (-17.9% vs -43.8%), and two-by-four homes (-5.7% vs -26.4%). On the other hand, prefabricated housing starts declined slightly more (-9.6% vs -9.3%), while growth in issued units moderated sharply to 10.2% from 76.7% in May.
Decarbonizing the economy requires a large-scale transition from fossil carbon-containing feedstocks to minerals and biomass, notably wood in buildings. Increasing harvesting is under discussion to meet the supply of wood for ‘timber cities’, with potentially negative impacts on forests and biodiversity. Here we investigate pathways to timber cities, including their impacts on land use, energy use and greenhouse gas emissions by quantifying global and regional wood cycles using Bayesian material flow analysis. We show that shifting wood fuel to industrial use and maximizing circular use of wood can make timber cities possible with the current harvest volume. Our results reveal that these pathways have better environmental performance than increased harvesting, reducing total CO2 equivalent emissions by 2100 by 40.8 Gt compared to business as usual. To achieve the wood transition, regional and cross-sectoral governance and planning are needed, addressing national-level pathways and inter-regional wood transport. 
Canada has trees… But …Ottawa is at odds with a slew of environmental groups over what that means. [They] issued a 
Vic Fedeli, MPP for Nipissing, announced the Ontario government is investing $2,874,898 through the Skills Development Fund Training Stream to The Canadian Institute of Forestry to support 75 workers across Northern Ontario get the skills they need to land good-paying, in-demand jobs in forestry, logging, and agriculture-related services. …“As we navigate a shifting economic landscape, disrupted by U.S. tariffs, we remain laser-focused on protecting Ontario workers and job seekers,” said MPP Fedeli. “That’s why we’re investing over $2.8 million to support a project by the Canadian Institute of Forestry, in partnership with College Boréal, to train workers for in-demand roles in the forestry and resource sector, helping grow Northern Ontario’s economy.” …”These programs are equipping the next generation of forest professionals and ensuring the continued vitality of our forestry communities,” said Ken Farr, Interim Executive Director, Canadian Institute of Forestry.
Thousands of lightning strikes have been recorded in California recently as portions of the state gear up for more storms, bringing with them potential wildfires. The state’s northern half saw 1,681 lightning strikes between Sunday, July 27, and Monday, July 28, Cal Fire reported, sparking 23 wildfires. Cal Fire units Lassen-Modoc, Shasta-Trinity, and Siskiyou responded to 14 new fires, none of which grew significantly, Cal Fire said as of July 28. Yet, this month, more lightning strikes in short periods have occurred in the state. The U.S. Forest Service Shasta-Trinity National Forest reported on July 26 that Northern California experienced 18,863 lightning strikes due to storms in the area the evening before. …The National Interagency Fire Center has tracked the number of fires in Northern California and Southern California caused by lightning in recent years, showing that thousands of fires in the state and nationwide are caused by nature.
Wildfires are getting more catastrophic and expensive. For the last decade, Oregon policymakers haven’t been able to agree on how to pay for them. And while lawmakers emerged from this year’s legislative session with a plan to fund wildfire prevention, there’s still no dedicated funding to fight large fires like the Cram Fire, which has burned nearly 100,000 acres in Central Oregon. The total wildfire budget for the next two years is less than the state spent last year alone. And in some cases, costs that used to be borne by insurance plans and private landowners are now the responsibility of all Oregonians. A similar phrase cropped up during multiple interviews with policymakers: The consensus lawmakers reached this year is a good “first step.” What’s less clear is if it’s enough. ….“Oregonians writ large, are going to be the ones to pay for it,” said Casey Kulla, with Oregon Wild.
There are obvious benefits to logging, grazing, prescribed burns, and mechanical thinning of California’s forests. When you suppress wildfires for what is now over a century, then overregulate and suppress any other means to thin the forest, you get overcrowded and unhealthy forests. California’s trees now have 5 to 10 times more than a historically normal density. They’re competing for an insufficient share of light, water and nutrients, leading to disease, infestations, dehydration and death. Up through the 1980s, California harvested 6 billion board feet per year of timber; the annual harvest is now 25% of that. We have turned our forests into tinderboxes. …For the sake of California’s water supply, its energy security, the safety of people living in the forests, and the health of our trees and wildlife, Californian needs to revive its logging industry. …It will also enable something counterintuitive: precious and endangered wildlife can thrive in a responsibly managed forest.
Throughout her two decades working on forestry issues, Jasmine Minbashian has often found herself at odds with the US Forest Service and the timber industry. Her environmental activism started during the second wave of Pacific Northwest “Timber Wars”. …She joined the North Central Washington Forest Health Collaborative in 2019. …The group is one of 19 forest collaboratives focused on public lands in Washington and Oregon that emerged in the wake of the “Timber Wars” in an attempt to find agreement around contentious forestry issues. …These forest collaboratives, touted as a model of consensus-driven conservation, have quietly become influential engines for federal forest management decisions across the West. But critics worry the groups are too aligned with timber interests that prioritize commercial logging, and that they helped pave the way for the Trump administration’s latest effort to expand logging on public lands throughout the country by skirting environmental protection laws.
MISSOULA — in the Blue Mountain area in Missoula, trees with a blue ring painted around them are slated for removal as part of a larger plan to restore the forest to its pre-colonial state — a state that was more fire-resistant. The plan involves several agencies collaborating to achieve this goal. …The Blue Mountain Area consists of land owned by the U.S. Forest Service, Missoula County, the Montana Department of Natural Resources and Conservation (DNRC) and private land owners. They will implement forest treatments to change the forest, as the current state of it is extremely fire-prone. …The ultimate goal of all the agencies is to create open areas with ponderosa pine scattered about. To achieve this, agencies are looking at a combination of mechanized and non-mechanized vegetation management; clearing the forest floor, often through prescribed burning, and removing species like Douglas fir.
FREMONT, Nebraska — The remains of two girls and a relative who were killed in a massive explosion at a Nebraska biofuel plant were recovered Wednesday after crews battled smoldering wreckage and an unstable building for more than 24 hours. Fremont Mayor Joey Spellerberg said earlier at a news conference that the children were at the Horizon Biofuels plant ahead of a doctor’s appointment. …The plant makes animal bedding and wood pellets for heating and smoking food, using tons of wood waste. Spellerberg said authorities believe Tuesday’s blast was likely a wood dust explosion in the tall elevator tower. …The company has 10 employees, according to the Nebraska Manufacturing Extension Partnership.
