Canfor posts second quarter loss amid charges and leadership change
Canfor Corp reports a 38.8 million loss in Q2, 27 cents per share, versus 39.2 million profit a year earlier. An 8.7 million restructuring charge largely covers severance. Interim president and CEO Jim Shepard will take the roles officially as the company pursues cost cuts and improved operations amid a strong dollar and weak US housing starts. West Fraser Timber also reports a Q2 loss of 14 million, 33 cents per share, down from 104 million profit a year earlier.
MENTIONED IN THIS ARTICLE
Chetwynd - Canfor Corp
Canfor
West Fraser Timber Co. Ltd
Mackenzie mill to stay open with job cuts
Mackenzie Cantor Corp announced on July 27 that one of the two Mackenzie mills will stay open with 320 workers retained while 130 jobs are eliminated. Mayor Stephanie Killam and MLA Pat Bell welcomed the decision. CEO Jim Shepard cited reduced log costs and efficiency gains as reasons, noting a 150 million board feet capacity reduction as a result.
MENTIONED IN THIS ARTICLE
MacKenzie
Cantor Corp
Pat Bell
Mackenzie District
Stephanie Killam
Bell
Mackenzie’s
Jim Shepard
Lightning Sparks 20 Fires in Prince George Fire Centre
During the long weekend lightning started 20 fires across the Prince George Fire Centre. The largest near Kiwa Creek about 17 km southeast of Dunster in Robson Valley covers roughly 120 hectares with crews helicopters and heavy equipment on site. Remaining fires are one hectare or smaller with six in initial attack three patrolled and ten out. Fire danger ranges low to moderate. Human caused fires are preventable and divert resources. Be careful with campfires and visit bewildfire.ca for details.
MENTIONED IN THIS ARTICLE
Prince George
Kiwa Creek
Dunster
Robson Valley
Prince George Fire Centre
B.C. Forest Service
Bewildfire.ca
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ECHO
Cantor
Shepard
Advan
Tage of
Mackenzie Mill
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Chetwynd Echo
Performance Inc
Access
Vfinancial Planning Centre Inc
Gordon Hayward
EPC
Catherine Stovel
AIG Life Empire Life/Financial Benefits
North Group
Equitable Life
Great West Life Industrial Alliance
Manulife/Maritime & Invest Pacific Blue Cross Portfolio Strategies & Investments
Standard Life & Investments
Sun Life Transamerica Life & Invest
Telus
Uucott
Dkr
Transformers
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