West Fraser Timber Co. Ltd. said it expects key trends will support new home construction demand in North America, adding demand for European products to remain robust. The company saw losses of $94 million US in the fourth quarter of 2022, down more than 128 per cent from earnings of $334 million US during the same quarter a year earlier. West Fraser says that in the fourth quarter, it faced dampened new home construction in the U.S. due to high interest rates, which weighed on its lumber business in particular. Sales in the fourth quarter were ...
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