Canfor narrows loss in Q2

VANCOUVER — Canfor Corp. posted a Q2 operating loss of $49.7 million, an improvement of $20.2 million from the $69.9 million loss reported for Q1 but a sharp decline from profits of $169.8 million a year ago. The improvement reflected higher lumber segment earnings that included a full quarter of the Vida Group of Sweden’s results following completion of the acquisition in Q1. Pulp and paper segment earnings were similar to the previous quarter after taking account of inventory write-downs.