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October 31, 2022

B.C. lumber giants still report good profits in Q3/2022, but outlook negative

Inflation and its cure, rising interest rates, are beginning to hit the bottom lines of two of B.C.’s biggest forestry companies.  West Fraser Timber Co. and Canfor Corp. released third quarter financials this week that show both companies still making a good profit on lumber and pulp sales, but with those profits taking a sharp dip compared to previous quarters, thanks to a decline in new home construction in the U.S.  Both companies also report high log costs in B.C. and railway bottlenecks as factors affecting their bottom lines.  West ...

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