Canfor posts Q4 loss

Canfor Corp. said this week its Q4 loss amounted to $1.04 per share, wider than the $0.44 per share forecast by analysts. Sales declined by 12.6 percent to $1.37 billion but beat estimates of $1.27 billion. Adjusted earnings for the full year were $880 million, or $7.15 per share. In announcing its results, the company also stated it “does not see a path forward” to resuming operations at its Taylor, B.C. pulp mill and is exploring other potential uses for the site.