Canfor reports results for fourth quarter of 2024
Commenting on the Company’s fourth quarter of 2024 results, Canfor’s President and Chief Executive OFcer, Susan Yurkovich, said, “Following several quarters of very weak global lumber market conditions, we were pleased to see a slight uplift in North American benchmark lumber prices during the fourth quarter, which gave rise to improved results across all our lumber operating regions. While we anticipate subdued yet volatile market conditions to persist in the near-term, we continue to believe that longer term lumber market fundaments remain solid. Operationally, with our geographically diverse platform, we are well-positioned to navigate external challenges facing our lumber business, including the tariHs and increased duties on imports from Canada into the US.” “For our pulp business,” Yurkovich added “despite a slight improvement in market conditions late in the quarter, which resulted in an uplift in results, we continue to face external obstacles driven by persistent shortages in the availability of economic fibre in BC.”