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Recent mill closures a 'gut-wrenching' amid lumber industry headwinds Canfor CEO says
Canfor said its second-quarter loss narrowed to $18.5 million as closures triggered restructuring costs and an impairment charge, while sales rose to $1.53 billion.
Recent mill closures have been "gut-wrenching" as the forestry industry faces tough market conditions, the chief executive of Canfor Corp. said Thursday. The Vancouver-based company announced earlier this week that it's permanently closing its Fox Creek sawmill in northwestern Alberta beca...