Canfor reports net loss of $350-million as lumber market headwinds continue

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 10 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 171%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

limited access to economic fibre, weak lumber prices, rising operating costs, increased tariffs contribute to $350.1-million net loss for Canfor in last quarter

says it had a net loss of $350.1-million in its last quarter as it took writedowns and impairment charges related to mill closures in a slumping lumber market.

Canfor says its B.C. operations continue to struggle with limited access to economic fibre, weak lumber prices, rising operating costs, increased tariffs and various regulatory complexities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canfor reports net loss of $350 million as lumber market headwinds continueVANCOUVER — Canfor Corp. says it had a net loss of $350.1 million in its last quarter as it took writedowns and impairment charges related to mill closures in a slumping lumber market. The forestry company says the net loss worked out to $2.
Source: SooToday - 🏆 8. / 85 Read more »

Canfor reports net loss of $350 million as lumber market headwinds continueVANCOUVER — Canfor Corp. says it had a net loss of $350.1 million in its last quarter as it took writedowns and impairment charges related to mill closures in a slumping lumber market. The forestry company says the net loss worked out to $2.
Source: SooToday - 🏆 8. / 85 Read more »