Susan Yurkovich

Canfor posted a $63 million net loss in the fourth quarter of 2024 – a vast improvement over the $350 million net loss it posted earlier in Q3 2024. Other BC companies like West Fraser and Interfor have also reported improved sales numbers in the latter part of 2024. …“Following several quarters of very weak global lumber market conditions, we were pleased to see a slight uplift in North American benchmark lumber prices,” said Susan Yurkovich, Canfor’s CEO. …Owning sawmills in the US and Europe gives Canfor some insulation against duties imposed on Canadian softwood lumber imports into the US. …Canfor is looking at market diversification, however, to reduce its Canadian operations’ exposure to the US. …“Actual and potential tariffs do present challenges for the company’s Canadian operations, and, as result, the company is continuing its strategy of refocusing those products on domestic markets, particularly in Western Canada, and strengthening its presence in offshore markets.”