Canfor reports challenging year, Q4 loss of $117 million

The Tree Frog Forestry News
March 6, 2024
Category: Today's Takeaway

Canfor’s 2023 financial results included a fourth quarter loss of $117 million. In related news: Kruger invests to increase tissue production; Enviva gets extension on bond payment; and Interfor appoints Christina Sistrunk to its Board. In Mass Timber news: a new report says BC needs upskilling and rail upgrades to grow production; how to address builder’s risk; and featured projects from New York and Portland. Meanwhile: US multifamily starts to decline in 2024; single-family shows signs of stirring; and Canada holds interest rates at 5%.

In Forestry/Climate news: Biden is urged to move on old growth protection; Oregon’s state forester recommends habitat conservation plan; a BC First Nation is disheartened by Land Act reactions; cellulose nanocrystals an opportunity for Quebec’s forest industry; and Nature Canada says government GHG review must include logging emissions.

Finally, BC wildfire workers can now take the time to focus on their own mental health.

Kelly McCloskey, Tree Frog Editor

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