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March 9, 2024

Canfor reports sustained pressure on lumber market

Canfor Corp. reported "sustained pressure on global lumber market conditions and pricing through most of the fourth quarter" and challenges in "accessing economically viable fibre" in British Columbia. It noted a "moderate uplift in global pulp market fundamentals" in the fourth quarter. On the lumber market: Canfor's lumber segment posted a wider operating loss, "principally reflecting a challenging period for the Company's Western Canadian operations, with more modest quarter-over-quarter declines experienced in the US South and Europe. Following the pricing pressure seen in the previous quarter, the current period results were principally driven by ...

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