Canadian big 3 lumber giants continue face softening lumber demand and lower prices

Canadian lumber industry's first 3 major players, Interfor Corporation, West Fraser, and Canfor Corp., continue to grapple with a challenging landscape. The third quarter of 2023 financial results reflect the impact of diverse factors such as production disruptions, softening demand, and price fluctuations. Interfor Interfor Corporation reported a net loss of $42.4 million in Q3’23, contrasting starkly with the $3.5 million in net earnings reported during the same quarter in 2022. The downward trajectory in earnings can be attributed to a confluence of factors, including weakened lumber prices and production limitations stemming from the ...