business
Restructured Canfor reports net loss, but maintains cautious confidence for future
Canfor reports $88 million net loss for third quarter, narrower than a year earlier, and says it is more resilient.
Key points
- Canfor posted an $88 million net loss for the three months ending Sept. 30.
- The loss compares with $172 million in the same quarter a year ago.
- Operating profit before interest, taxes and depreciation was $98 million for the quarter, $262 million year to date.
Why it matters. Canfor's results show the lumber producer still losing money amid poor lumber markets, though CEO Susan Yurkovich said the company is positioned to benefit from a recovery in global markets.
Canfor Corp. reported an $88 million net loss for the three months ending Sept. 30, an improvement on the $172 million loss in the same quarter a year earlier. Revenue rose to $1.28 billion from $1.26 billion. CEO Susan Yurkovich pointed to "relative stability" in the company's operating position, and called Canfor "a more resilient company" able to capitalize on a recovery in global markets. Operating profit before interest, taxes and depreciation was $98 million, and $262 million for the year to date.
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Restructured Canfor reports net loss, but maintains cautious confidence for future
Company CEO Susan Yurkovich said Canfor is now "a more resilient company" able to capitalize on a recovery in global markets. Skip to Content Subscribe FAQ My Account Manage My Subscriptions Our Offers News Local News Politics Health Local Health National True Crime Crime World Education Weather Podcasts BC Public Sector Salaries Database Archives Contact the Newsroom Sports Vancouver Canucks NHL PWHL More Hockey BC Lions CFL NFL Vancouver Whitecaps Soccer Baseball Basketball NBA Golf MMA Curling Tennis Auto Racing Arts Local Arts Music Theatre Festivals Books Celebrity Movies Television TV Listings Life Travel Local Travel Travel Canada Travel USA Travel International Cruises Travel Essentials Hotel Review Food Local Food Reviews Recipes Wine Country Salut! Savings Diet & Fitness Fashion & Beauty Vancouver Sun Run Vancouver Sun Run: Sign up & event info Parenting Relationships Advice Horoscopes Contests National Contests Special Sections International Women's Day 2026 National Indigenous Peoples Day VANCOUVER FALL HOME SHOW Opinion Columnists Letters Op-Ed Business Local Business Energy Real Estate Mortgages Commercial Real Estate Technology Gaming Internet Retail FP Markets Small Business BC Top Employers Lives Told Tails Told Shopping Vancouver Sun Store Homes Buying & Selling Condos Decorating Gardening Renovating Out of Town Properties Westcoast Homes & Design Magazine Wes.