BC announced it will convene a softwood summit to address lumber tariffs and industry struggles. In other Business news: the log fire at Domtar’s Meadow Lake mill is still smouldering; International Paper Savannah mill closure is having an impact; UPM reported reduced earnings; Canada’s exports dropped 7.5% in Q2; the Bank of Canada cut its interest rate to 2.25%; lumber futures dropped to a 7-week low; and US homebuilders continue to struggle. Meanwhile: TAPPI appoints Lawton Roberts president and CEO.
In Forestry news: BC First Nation pushes back on North Cowichan’s support for logging; Jim Stirling opines on the gap between Quebec and BC land use planning efforts; a BC community forest takes hold in Quesnel; Indiana employs fire to maintain forest health; and a new report says wildfires are taking an increasing toll on Canadian’s health.
Finally, GHG reduction proponent Bill Gates makes stunning claim about climate change.
Kelly McCloskey, Tree Frog News Editor
SASKATCHEWAN — A massive pile of logs that caught fire Monday morning at the Meadow Lake Mechanical Pulp yard was continuing to burn Tuesday, and fire crews say the blaze won’t stop anytime soon. “It’s actually probably going to burn for at least a week, maybe longer, just due to the amount of material burning,” Meadow Lake fire department Chief Joe Grela said. …“We’re probably talking about 100,000 cubic meters of logs here, so quite an immense material,” Grela said. The company that owns the mill, Domtar, said the destruction of the wood is a huge loss. …”It’s always unfortunate when something like this happens, but it’s particularly unfortunate at a difficult time for the sector across the country.” The mill’s wood room was shut down as firefighters kept an eye on the smouldering logs. The fire department said the rest of the mill was running as usual.
The Bank of Canada cut its interest rate by 25 basis points to 2.25 per cent on Wednesday, but signalled that it may end its easing cycle there if the economy operates in line with its latest forecast. …Bank of Canada governor Tiff Macklem said, “If the economy evolves roughly in line with the outlook in our Monetary Policy Report, governing council sees the current policy rate at about the right level to keep inflation close to 2% while.” …The central bank presented its first baseline forecast since January after trade war uncertainty prompted policymakers to instead assess multiple potential scenarios. After a contraction in the second quarter, the bank expects weak growth for the remainder of 2025, with 0.5% annualized GDP growth in the third quarter and 1% growth in the last quarter of this year. It projects GDP growth of 1.1% in 2026 and 1.6& in 2027.
US tariffs on key Canadian goods and weakening global demand triggered a sharp pullback in exports in the second quarter of 2025, according to new data released by 
Lumber futures tumbled toward $560 per thousand board feet, a seven-week low, as weakening demand, persistent oversupply, and trade-policy uncertainties converged. US tariffs are intensifying pressure on Canadian softwood, with existing antidumping and countervailing duties around 35%, plus new Section 232 levies of 10% on timber and 25% on wood products, lifting import costs above 45%. Weak demand compounds the decline, with US residential building permits at a seasonally adjusted 1.4 million units in July, the lowest since June 2020, and construction spending down 3.4% from May 2024. Housing starts remain near five-year lows, keeping retail price pass-through muted despite higher import costs. Export channels have narrowed, with Canadian softwood constrained by tariffs and hardwood exports to China dropping from 40% of volume in 2017 to 7% today. Temporary curtailments and mill closures are emerging, yet abundant inventories and sluggish construction sustain downward pressure. [END]
Shares of D.R. Horton took a hit Tuesday, as the home builder confirmed that the market for new houses was still weak, and it wasn’t just because prices and mortgage rates were too high — people are afraid to shell out so much for a new house when they’re worried about the economy and their jobs. …But even with lower prices and mortgage rates, the number of homes closed fell 1.2% to 23,368, which was below the average analyst estimate. And that weakness comes despite higher incentives to home buyers to boost sales, which pushed profits below what Wall Street was expecting. …Chief Executive Paul Romanowski said affordability was certainly still an issue. But consumers were also concerned about the “volatility and uncertainty” in the economy, which may be leading to worries about the job market. It certainly won’t help matters to see large layoff announcements from high-profile companies.
QUESNEL, BC — Given what’s going on around the world, it’s easy to understand why more areas in BC are taking a closer look at the Community Forest form of log harvesting tenure. It returns the management and responsibility for small, designated areas of forest land back into the hands of appointed people who live, work and care about them. Some control of what happens to and on the forest land in their own back yard has a growing appeal to its residents. …A community forest attempts to better accommodate other land users. …Co-operating with others as one cohesive unit becomes the catalyst for achieving dynamic, site specific land use solutions. It’s challenging but exciting work. It requires administering a cocktail of flexibility and responsiveness. Nick Pickles understands all that. It’s part of the appeal to being manager of the Three Rivers Community Forest based in the Cariboo region. 
Chopping down rainforests is daft. The social costs of clearing a typical patch of Brazilian Amazon are perhaps 30 times the benefits of rearing cows on it, by one estimate from 2023. The problem is, those costs, which include aggravating climate change, are spread across the entire world’s population, whereas the profits from cutting down the trees go to the men commanding the chainsaws. Somehow, the world has to find a way to make conservation pay. …Yet there is hope. Though Brazil lost more rainforest than any other country last year, due to to wildfires, it also shows how better policy can make a difference. …The pace of deforestation fell by 80% during Lula’s first terms (2003-11), and fell again when he returned in 2023, before the wildfires set things back. …Since preserving rainforests is a global public good, the world should help pay for it. [to access the full story an Economist subscription is required]
