B.C. forestry companies are set to report lacklustre third-quarter financial results as tough market conditions send ripples through boardrooms and mill towns. Companies are suffering from low wood prices while paying high stumpage fees to the British Columbia government for chopping down trees, analysts say. They are also being hurt by U.S. lumber duties and are scrambling to find enough timber to prevent more sawmills from closing down or scaling back production. "We expect sentiment to remain challenging for the group through year-end," CIBC World Markets analyst Hamir ...
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