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Canfor Endures Tough Q1 Amid Market Pressures
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Canfor Endures Tough Q1 Amid Market Pressures

Canfor Corp. (TSE:CFP) has released an update.

Canfor Corporation faced a challenging first quarter in 2024 with an operating loss of $85.8 million and a net loss of $64.5 million, or $0.54 per share. Despite pressures on global lumber markets and Southern Yellow Pine prices, the company saw some relief through its European operations and an improvement in Western Canadian lumber pricing. Canfor continues to expand its US presence and optimize operations, although British Columbia’s viable fibre access remains a significant challenge.

For further insights into TSE:CFP stock, check out TipRanks’ Stock Analysis page.

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