Canfor reports an an all-time record results for its lumber segment
The first of B.C.'s three forestry majors released third quarter financial results Thursday that confirm an "unprecedented" surge in lumber prices this summer that has reversed some of financial losses in the latter part of 2019 and earlier part of 2020. Canfor Corp. reports operating income of $347 million for the third quarter of 2020 -- a $289 million increase over second quarter earnings. Its pulp division, on the other hand, reported a loss. In the latter part of 2019, B.C. forestry companies began permanently shutting down sawmills and curtailing ...
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