Lumber prices drive Canfor gains

Canfor said this week its adjusted net income for Q2 was $721.2 million. Sales of $2.5 billion were up from $1.12 billion in the previous Q2. For the lumber segment, earnings increased $393.8 million quarter-over-quarter, to an all-time high of $1 billion. Lumber prices remain at record highs, helping to buoy the growth.