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Canfor posts 2009 loss after tough year in lumber industry
Canfor Corp reports a fourth quarter loss of 17 million and full year 2009 loss of 70.5 million as weak U S housing demand kept lumber prices low. Industry observers cite temporary supply constraints as a driver of a price spike while Canfor focuses on cash preservation and production management amid a lean recovery.
MENTIONED IN THIS ARTICLE
Chetwynd—- Canfor Corp
B.C
U.S
Paul Quinn
BBC Dominion Securities
Canfor
Quinn
Rustad
Prince George
Radium
Wavenley
Chetwynd