Cascades closing two tissue paper machines in Ontario, reports fourth-quarter loss

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The company says it will try to relocate as many of its employees as possible to its other operations in the region. The announcement came as Cascades reported a fourth-quarter loss of $65-million or 69 cents per share compared with a profit of $57-million or 60 cents per share a year earlier. Sales for the quarter ended Dec. 31 totalled nearly $1.2-billion, up from $1.08-billion in the last three months of 2017.

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