Shares of Canfor Corporation dropped by nearly 4% in response to the company’s latest third-quarter financial report, revealing an intensified loss primarily caused by deteriorating conditions in the lumber market. This widened quarterly loss has put a spotlight on Canfor’s financial challenges, notably amidst high operating costs, global oversupply, and a price slump, contributing to […]
In a decisive move reflecting the harsh realities of the current market, Canfor Corporation (TSX: CFP) has announced the closure of its Plateau and Fort St. John operations in northern British Columbia. Additionally, the company will implement significant production reductions at its southern US facilities. Impact on BC Operations: Canfor Corporation, a key player in […]
