03:30:19 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Canfor Corp
Symbol CFP
Shares Issued 120,128,879
Close 2023-07-28 C$ 20.89
Market Cap C$ 2,509,492,282
Recent Sedar Documents

Globe/CP say wildfires disrupting Canfor operations

2023-07-31 07:41 ET - In the News

The Globe and Mail reports in its Saturday edition that Canfor posted a loss of $43.9-million in the second quarter, as wildfires in Western Canada continue to disrupt operations. A Canadian Press dispatch to The Globe reports that Canfor says operational constraints are expected to continue well into the third quarter of 2023. The extreme conditions are also disrupting Canfor's access to fibre as well as harvest and hauling activities. Canfor says it will assess the full extent of the fires' impact on its operations, including sustainable timber supplies and future harvesting plans, over the coming months. The loss in the second quarter was down from the $373.8-million profit Canfor reported during the second quarter last year. However, it was an improvement from the first quarter, when Canfor reported a loss of $142-million. Canfor says declining global pulp market conditions weighed heavily on its results in the second quarter, as did pressure on global lumber market fundamentals and pricing. Sales during the second quarter were $1.45-billion, down from $2.17-billion a year earlier. RBC analyst Paul Quinn says the recent strike at B.C. ports will likely weigh on Canfor's results in the third quarter.

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