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N.S. agreements aim for balance on ecological forestry, economy

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The Nova Scotia government says renewed agreements with Port Hawkesbury Paper will be good for the forests — and the economy — and take significant steps toward implementation of the 2018 Lahey Report that called for a shift to ecological forestry.

Under the agreements, the province has reduced the amount of timber the company can take from Crown land, while increasing the amount it will pay for management of public and private forests.

Natural Resources and Renewables Minister Tory Rushton says the agreements strike a good balance.

“This was something that we agreed in the terms of it that there’s prosperity for the company, there’s sustainability for the province and it still allows us to meet our targets and goals with the Lahey review,” he said.

Port Hawkesbury Paper agrees with the changes, which have become necessary as the business model for forestry has changed in the province, said Geoff Clarke, the company’s manager of business development.

Under its forest utilization licence, the paper company can harvest up to 275,000 tonnes of timber annually from Crown lands, which is down from 400,000 tonnes.

A truck stacked with cut trees waits outside a fenced-in yard containing more cut trees.
Geoff Clarke, the company’s manager of business development, says the deal shouldn’t reduce the amount of wood fibre available. It will just shift it from Crown to private land. (Tom Ayers/CBC)

Taking less Crown timber will mean a shift to the private sector, he said.

“It’s the way it has to be,” Clarke said. “It’s part of the premise to look more towards the private lands to make up the difference of the drop in the allowable harvest off of Crown land.

“It shouldn’t have an impact on the amount of fibre that’s available.”

In addition, with the closure of Northern Pulp, more wood waste has become available to Port Hawkesbury Paper.

The Strait-area mill used to get five per cent of its supply from sawmill residue, but that has jumped to 40 per cent now, Clarke said.

“The model changes and we evolve along with it.”

Under the company’s separate fee-for-service agreement, Port Hawkesbury Paper will be paid $5 million a year to support sustainable forestry management on Crown and private lands.

Fees will help with ecological forestry training

That’s up from $3.8 million, which the province says will cover inflation and an increased focus on ecological forestry.

Clarke said the increased fees will go — in part — towards training and educating private woodlot owners on sustainable ecological practices.

For example, he said, in some cases cutting operations will leave more trees standing.

Raymond Plourde, senior wilderness co-ordinator for the Ecology Action Centre, said he is pleased with the announcements.

A man stands in the foreground with water and forest behind him.
Raymond Plourde of Ecology Action Centre says the agreements are good news in terms of the Lahey Report recommendations and it’s good that the company is in step. (Ecology Action Centre)

Taking less timber from Crown lands was a key recommendation of the 2018 report authored by University of King’s College president William Lahey.

“This is a very positive thing and it responds directly to the implementation of the Lahey Report,” Plourde said.

“Also a good thing is that the company itself is being progressive and is working with government and not fighting this, but rather doing what Professor Lahey recommended.”

Rushton said the agreements follow the full implementation of the so-called triad model of forest management recommended by Lahey.

A man in a suit and tie stands inside a building.
Natural Resources and Renewables Minister Tory Rushton says the government has made significant steps towards implementation of the Lahey Report. (Robert Short/CBC)

The first part of the triad, called the conservation zone, exempts 35 per cent of Crown lands from forestry, including old-growth forests, parks and protected areas.

The second was introduced last year involving new guidelines for mixed-use forests representing 55 per cent of Crown lands, which are mostly Acadian forests on the mainland.

In that zone, new and previously approved harvest plans must follow low-intensity practices that prioritize biodiversity.

Rushton said Port Hawkesbury Paper is also launching a pilot project to apply new silviculture guidelines in mixed-use boreal forests in Cape Breton.

‘Still work left to do’

And last month, the province approved the third part of the triad by announcing a high-production zone will make up 10 per cent of Crown lands where clear-cutting will be allowed, but the contractor has to improve the soil afterwards and replant the area.

“We’ve achieved a lot in the last year,” said Rushton. “There’s still a lot of work left to do … and we’re still committed to making the steps forward to achieving those goals.”

 

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S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

Statistics Canada reports wholesale sales higher in July

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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