It was a bumpy start to the new year for Canfor.
In its first quarter report, the company reported an operating loss of 73-million dollars.
That is down considerably from the 415-million dollar financial hit it took in the fourth quarter of 2025.
“The first quarter of 2026 continued to reflect challenging market conditions across our global operations. While we saw an improvement in results, largely due to a supply-driven uptick in North American lumber pricing and higher production levels, demand remained relatively subdued. Despite ongoing trade pressures, geopolitical uncertainty, and weather-related disruptions in certain regions, our focus on controllable factors helped support improved.”
“Global pulp markets continued to face significant headwinds during the first quarter, with pulp producer inventories remaining elevated. As we anticipate these challenges to persist in the near-term, we remain focused on operational resilience and disciplined cost control while continuing to assess operational competitiveness.” said Susan Yurkovich, President and CEO.
The company added offshore lumber markets in Asia remained challenging throughout the first quarter of 2026.
In China, persistent weakness in housing demand, coupled with a seasonal slowdown in manufacturing activity, downward pressure on lumber prices.
In Japan, both demand and pricing softened during the current period, driven by increased import volumes from Canada and Europe.
Canfor continues to operate in Prince George with its Intercontinental and Northwood Pulp Mills along with PG Sawmill and local specialty paper facility.
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