MONTREAL — Tembec says it expects to have to pass on some of the costs of the new U.S. lumber duties to customers. At the same time, CEO James Lopez said that the higher prices would help guard against job losses, though the position could change if prices drop, particularly in Quebec. Tembec reported Q2 earnings of $24 million, or 24 cents per share, compared to $27 million a year ago, with a slight increase of sales to $387 million.
Tembec predicts higher prices, but jobs safe
Most Recent
Most Read
TIMBER MART hosts buying show in Toronto
Fri, February 14th, 2025
JRTech adds “Well Made Here” designation to its electronic shelf tags
Fri, February 14th, 2025
Join Hardlines at DX3 Canada in Toronto
Fri, February 14th, 2025
Canadian Tire reports Q4 earnings jump
Thu, February 13th, 2025
TIMBER MART show kicks off today
Thu, February 13th, 2025
West Fraser shrinks its losses in 2024
Thu, February 13th, 2025
Ace Hardware enjoys record quarterly results
Thu, February 13th, 2025
Castle unveils estimating and design program
Thu, February 13th, 2025
Throwback Thursday: 25 years ago, RONA purchased Cashway
Thu, February 13th, 2025
Fake websites take advantage of Peavey closures
Wed, February 12th, 2025