MONTREAL — Winter weather and a weak loonie contributed to losses for forestry company Tembec, which saw sales fall to $348 million from $362 million last year. The company experienced a net loss of $40 million, increasing from a loss of $28 million in the same period last year. The results include a loss of $38 million related to debt denominated in U.S. dollars, which have gained on the Loonie, partially offsetting the positive effect of higher sales generated by the lower Canadian dollar.
Winter affects Tembec Q1 earnings
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