Canfor posts wider first-quarter loss amid weak demand

7 articles · Updated · MarketWatch · May 6

The Vancouver-based forest-products group reported a net loss of C$72.1 million, or C$0.62 a share, versus C$31 million a year earlier, while sales fell 4.1% to C$1.36 billion.
The loss improved from C$390.5 million in the previous quarter, and sales beat FactSet forecasts, but chief executive Susan Yurkovich said conditions remained challenging across global operations.
Canfor said trade disruptions, conflict in Iran, tariffs and supply-chain constraints should keep lumber and pulp markets under pressure, despite some April improvement and tighter North American lumber supply.

With global crises and tariffs crushing profits, can Canada's forest industry pivot to new markets and products fast enough to survive?

As Mideast conflict inflates global energy costs, what long-term changes will this force upon resource-based industries like forestry?

US tariffs protect local mills but raise lumber prices; how does this policy affect America's severe housing affordability crisis?