West Fraser widens loss in Q2

VANCOUVER — West Fraser Timber reported a Q2 loss of $58 million, or $0.85 per share, compared to a $5 million ($0.07) loss a year ago. Sales rose to $1.317 billion from 1.241 billion in Q2 of 2018. The company said that softer commodity pricing across segments dragged operating earnings. The quarter also saw the retirement of Ted Seraphim as CEO and his succession by Ray Ferris on July 1.