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Canfor reports $88.2 million third-quarter loss
Original: Canfor reports $88.2 million third-quarter loss Canfor Corp. reported a third-quarter loss of $88.2 million, noting that
Canadian forestry company Canfor Corp. reported a third-quarter loss of $88.2 million. The company attributed the result largely to asset write-downs and costs tied to facility closures. The loss underscores continued pressure on the lumber industry, which has been dealing with weak demand, low lumber prices and rising operating costs. Analysts and industry watchers are assessing what the figure signals about the health of the forestry sector and further possible mill closures.
Why now: The sizable quarterly loss highlights ongoing struggles in the forestry and lumber industry, drawing business attention.
Evidence
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