VANCOUVER, BC, Jan. 19, 2026 /CNW/ – The forest sector is a cornerstone of Canada’s economy and identity. For generations, our forests have supported communitiesVANCOUVER, BC, Jan. 19, 2026 /CNW/ – The forest sector is a cornerstone of Canada’s economy and identity. For generations, our forests have supported communities

Task Force begins work to transform Canada’s forest sector

3 min read

VANCOUVER, BC, Jan. 19, 2026 /CNW/ – The forest sector is a cornerstone of Canada’s economy and identity. For generations, our forests have supported communities and powered local economies. In response to ongoing trade pressures and the need to diversify and ensure long-term competitiveness, the Government of Canada recently announced the launch of a Canadian Forest Sector Transformation Task Force to identify pathways to restructure, retool and transform Canada’s forest sector.

Today, members of the Task Force held their first meeting. Over the next 90 days, the Task Force will engage with industry, provinces and territories, Indigenous groups and labour organizations and will gather public comments through a web portal to be launched shortly.

The Task Force’s work will focus on strengthening the sector’s long-term competitiveness and sustainability, including:

  • Expanding modern construction methods, such as mass timber, modular systems and prefabricated building solutions, particularly for homebuilding
  • Supporting product diversification, including advanced wood materials and bioproducts
  • Strengthening access to domestic and international markets
  • Improving productivity through innovation, digitalization and advanced technologies
  • Retooling and restructuring the industry to position it for the future

At the end of the 90 days, the Task Force will deliver a report with recommendations to the Honourable Tim Hodgson, Minister of Energy and Natural Resources. 

Members of the Task Force include Co-Chairs Ken Kalesnikoff, Principal and Director of Kalesnikoff Mass Timber, and Frédéric Verreault, Executive Vice-President of Chantiers Chibougamau, as well as:

  • Lana Payne, National President of Unifor
  • Lennard Joe, Chief Executive Officer of the BC First Nations Forestry Council
  • Don Roberts, Chief Executive Officer of Nawitka Capital Advisors Ltd.
  • Brad Carr, Chief Executive Officer of Mattamy Homes Canada
  • Jim Irving, Co-Chief Executive Officer of J.D. Irving Ltd., Kent Homes
  • Luc Thériault, Chief Executive Officer of Wood Products, President of Domtar Canada and Co-Chair of the Canadian Lumber Trade Alliance

The Government of Canada is supporting Canada’s forest sector and the workers and communities that depend on it while advancing long-term transformation to ensure the sector remains competitive for the long-term.

Quote

“Forestry is part of Canada’s DNA. Today’s meeting of the Canadian Forest Sector Transformation Task Force marks a significant step forward in our plan to retool the industry to face our circumstances today and shape the opportunities of tomorrow. I look forward to the insights and recommendations this exceptional group will develop on opportunities to expand the use of innovative wood products, particularly to build affordable homes, diversify markets and support resilient local economies.”

The Honourable Tim Hodgson
Minister of Energy and Natural Resources

 Quick Facts

  • The Government of Canada first announced the creation of the Canadian Forest Sector Transformation Task Force on November 26, 2025, as part of new measures to support and transform Canada’s forest sector.
  • Canada’s forest sector is a major economic driver, supporting nearly 200,000 workers, including over 11,000 Indigenous people, and contributing more than $20 billion to our GDP.
  • New and innovative forest products, such as engineered timber, biofuels and forest product–based biodegradable packaging materials, are helping Canada reach net zero by 2050 and enabling more sustainable, efficient housing solutions.

Related Products

  • Prime Minister Carney announces new measures to transform Canada’s softwood lumber industry (August 5, 2025)
  • Prime Minister Carney announces new measures to protect and transform Canada’s steel and lumber industries (November 26, 2025)
  • Advancing protections and support for Canada’s forest sector (December 15, 2025)

Associated Links

  • Canada’s softwood lumber industry
  • Support for Canada’s Forest Sector Employers and Workers
  • Softwood Lumber Guarantee Program

Follow Natural Resources Canada on LinkedIn.

SOURCE Natural Resources Canada

Market Opportunity
Forest Protocol Logo
Forest Protocol Price(FOREST)
$0.02518
$0.02518$0.02518
-2.62%
USD
Forest Protocol (FOREST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Which Altcoins Stand to Gain from the SEC’s New ETF Listing Standards?

Which Altcoins Stand to Gain from the SEC’s New ETF Listing Standards?

On Wednesday, the US SEC (Securities and Exchange Commission) took a landmark step in crypto regulation, approving generic listing standards for spot crypto ETFs (exchange-traded funds). This new framework eliminates the case-by-case 19b-4 approval process, streamlining the path for multiple digital asset ETFs to enter the market in the coming weeks. Grayscale’s Multi-Crypto Milestone Grayscale secured a first-mover advantage as its Digital Large Cap Fund (GDLC) received approval under the new listing standards. Products that will be traded under the ticker GDLC include Bitcoin, Ethereum, XRP, Solana, and Cardano. “Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi-crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano,” wrote Grayscale CEO Peter Mintzberg. The approval marks the US’s first diversified, multi-crypto ETP, signaling a shift toward broader portfolio products rather than single-asset ETFs. Bloomberg’s Eric Balchunas explained that around 12–15 cryptocurrencies now qualify for spot ETF consideration. However, this is contingent on the altcoins having established futures trading on Coinbase Derivatives for at least six months. This includes well-known altcoins like Dogecoin (DOGE), Litecoin (LTC), and Chainlink (LINK), alongside the majors already included in Grayscale’s GDLC. Altcoins in the Spotlight Amid New Era of ETF Eligibility Several assets have already met the key condition, regulated futures trading on Coinbase. For example, Solana futures launched in February 2024, making the token eligible as of August 19. “The SEC approved generic ETF listing standards. Assets with a regulated futures contract trading for 6 months qualify for a spot ETF. Solana met this criterion on Aug 19, 6 months after SOL futures launched on Coinbase Derivatives,” SolanaFloor indicated. Crypto investors and communities also identified which tokens stand to gain. Chainlink community liaison Zach Rynes highlighted that LINK could soon see its own ETF. He noted that both Bitwise and Grayscale have already filed applications. Meanwhile, the Litecoin Foundation indicated that the new standards provide the regulatory framework for LTC to be listed on US exchanges. Hedera is also in the spotlight, with digital asset investor Mark anticipating an HBAR ETF. Market observers see the decision as a potential turning point for broader adoption, bringing the much-needed clarity and accessibility for investors. At the same time, it boosts confidence in the market’s maturity. The general sentiment is that with the SEC’s approval, the next phase of crypto ETFs is no longer a question of ‘if,’ but ‘when.’ The shift to generic listing standards could expand the US-listed digital asset ETFs roster beyond Bitcoin and Ethereum. Such a move would usher in new investment vehicles covering a dozen or more altcoins. This represents the clearest path yet toward mainstream, regulated access to diversified crypto exposure. More importantly, it comes without the friction of direct custody. “We’re gonna be off to the races in a matter of weeks,” ETF analyst James Seyffart quipped.
Share
Coinstats2025/09/18 12:57
‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds

‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds

The post ‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds appeared on BitcoinEthereumNews.com. More than six in 10 crypto press releases published
Share
BitcoinEthereumNews2026/02/04 13:09
Why Vitalik Says L2s Aren’t Ethereum Shards Now?

Why Vitalik Says L2s Aren’t Ethereum Shards Now?

The post Why Vitalik Says L2s Aren’t Ethereum Shards Now? appeared on BitcoinEthereumNews.com. Vitalik says Ethereum’s scaling and higher gas limits mean L2s no
Share
BitcoinEthereumNews2026/02/04 13:18