The plan includes the end of commercial logging in native forests as a part of the latest framework for managing more than 2.5 million hectares (6.18 million acres) of native forest.
Fannie Mae’s Economic and Strategic Research Group Releases Its Economic Commentary for November
Accordinf to Fannie Mae’s Economic and Strategic Research (ESR) Group, economic growth will likely decelerate and ultimately result in a mild recession in 2023, followed by a return to growth in 2025.
Softwood Lumber Board Releases Q1 Report
The Soft Wood Lumber Board (SLB) on Monday published its 2023 Q1 Report, which details the SLB, its funded programs, and their results.
BC Forest Practices Board Releases Its 2023–26 Strategic Plan
On Tuesday, the BC Forest Practices Board released its 2023–26 Strategic Plan, setting new priorities for advancing the public interest in forest and range practices in British Columbia.
Canada Mortgage and Housing Corporation Releases 2022 Housing Market Outlook Report
The CMHC is expecting that the number of home sales and the pace of price growth will remain elevated in 2022, compared to long running averages, but will moderate from their recent peak in 2021. The CMHC expects that the current trend will continue into 2024, as the housing market continue to reflect the impact of higher mortgage rates.
BC to Fund 19 New Projects Through Forest Enhancement Society of BC
BC announced funding for 19 new projects through the Forest Enhancement Society of BC to reduce wildfire risk, lower greenhouse gas emissions, and provide recovered fiber to mills and bioenergy facilities.
Fannie Mae’s Economic and Strategic Research Group’s June Economic Commentary: Recession Likely
Recent months of mixed macroeconomic information has painted a jumbled picture of conditions; however, the Group continues to believe a recession is the most likely outcome of the rapid tightening of monetary policy and the late stages of business cycle dynamics.
Stora Enso Announces Closure of Its Näpi Sawmill in Estonia, Plus Other Facilities in Finland, the Netherlands, and Poland
Stora Enso announced that it will close its Sunila pulp production unit in Finland, the De Hoop containerboard site in the Netherlands, one containerboard line at its Ostrołęka site in Poland, and the Näpi sawmill in Estonia. The closures would target a reduction of approximately 600 employees.
West Fraser Issues Statement Regarding Recent Media Speculation About CVC Capital & Kronospan’s Interest in Acquiring the Company
Reuters reported on Tuesday (7-19-22) morning that according to a source familiar with the matter, private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest in acquiring Canadian lumber company West Fraser Timber Co.
Bois Forte Band of the Minnesota Chippewa Tribe to Resume Forest Management on Over 28,000 Acres
In the largest land-back agreement in Minnesota and one of the largest-ever in Indian Country, the Bois Forte Band of the Minnesota Chippewa Tribe restored more than 28,000 acres of land within its reservation boundaries back to tribal ownership. The Band plans to directly manage the restored lands under a forest management plan.