Open AccessForest resources are among the most important of Canada (in the case of Quebec, nearly 90% of the territory). Innovation represents an essential challenge for the Canadian forest industry, which is presently undergoing major changes towards finding new solutions for recovery. The processing of forest biomass has become increasingly relevant along with the popular concept of biorefineries. This concept should include the development of novel technologies based on forest extractives. Bioactive molecules are readily available through eco-friendly extraction processes using various types of forest residues including barks which are generated in significant quantities by the industry. This literature review offers a glimpse into the softwood boreal forest with a particular focus on industrial species. We are adopting an ethno-pharmacological approach prior to presenting existing data on bioactive molecules from various sources, along with results from our own laboratory. In conclusion, this paper clearly demonstrates the need for further research on bioactive molecules from Canadian forest species since there remains an important lack of reliable data.