Canfor Corporation is reporting a Q3 operating loss of $559.7 million, compared with an operating loss of $250.8 million in the second quarter of 2024.
“This was another extremely challenging quarter for our lumber business,” said Canfor president and chief executive officer, Don Kayne, adding that North American operations continued to face a persistently weak pricing environment. He said these conditions have resulted in unsustainable financial losses from the company’s British Columbia operations. The company recently announced the closing of its Plateau and Fort St. John operations in northern B.C. by the end of 2024.
Sarah McGoldrick
