West Fraser reports Q4 loss

West Fraser Timber Co. posted a Q4 loss of $94 million, a 128 percent plunge from the $334 million in earnings reported a year ago. The company cited the effect of high interest rates on U.S. construction, which impacted its lumber business. Sales of $1.62 billion represented a decline of more than 20 percent compared to $2.04 billion in the comparable period of 2021. Earnings for the fiscal year amounted to $1.98 billion, down from $2.95 billion.