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Canfor Corp (CFP.TO)

CFP.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Canfor to acquire majority interest in Vida Group of Sweden
Thursday, 15 Nov 2018 07:00am EST 

Nov 15 (Reuters) - Canfor Corp ::CANFOR TO ACQUIRE MAJORITY INTEREST IN VIDA GROUP OF SWEDEN.CANFOR CORP - DEAL FOR PURCHASE PRICE OF 3,990 MILLION SWEDISH KRONA.CANFOR CORP - ANTICIPATES BEING ABLE TO FINANCE THIS TRANSACTION WITH CASH AND LIQUIDITY ON HAND.CANFOR CORP - CURRENT OWNERS OF VIDA WILL RETAIN A 30% INTEREST AND CONTINUE TO MANAGE DAY-TO-DAY BUSINESS.  Full Article

Canfor Pulp Says President Brett Robinson Will Be Leaving​ Co
Monday, 5 Mar 2018 05:00pm EST 

March 5 (Reuters) - Canfor Pulp Products Inc ::CANFOR PULP PRODUCTS INC - ‍DUE TO AN ORGANIZATIONAL CHANGE, BRETT ROBINSON, PRESIDENT OF CANFOR PULP, WILL BE LEAVING​ CO.CANFOR PULP - ‍PRESIDENT RESPONSIBILITIES WILL BE CONSOLIDATED UNDER DON KAYNE, CEO OF CANFOR PULP & CANFOR CORP.  Full Article

Canfor Qtrly Earnings Per Share ‍$ 1.02
Thursday, 22 Feb 2018 05:05pm EST 

Feb 22 (Reuters) - Canfor Corp ::CANFOR REPORTS RESULTS FOR FOURTH QUARTER OF 2017.Q4 ADJUSTED EARNINGS PER SHARE C$0.89.QTRLY EARNINGS PER SHARE ‍$ 1.02​.‍U.S. HOUSING MARKET IS FORECAST TO CONTINUE ITS ONGOING GRADUAL RECOVERY THROUGH 2018​.QTRLY ‍CONSOLIDATED SALES TO EXTERNAL CUSTOMERS C$1,182.2 MILLION VERSUS C$1,043.5 MILLION​.Q4 EARNINGS PER SHARE VIEW C$0.80 -- THOMSON REUTERS I/B/E/S.  Full Article

Canfor reports Q3 adjusted earnings per share c$0.65
Friday, 20 Oct 2017 05:00pm EDT 

Oct 20 (Reuters) - Canfor Corp :Canfor reports results for third quarter of 2017.Q3 adjusted earnings per share c$0.65.Q3 earnings per share view c$0.37 -- Thomson Reuters I/B/E/S.Canfor Corp - qtrly ‍shr $0.51​.Canfor Corp - qtrly ‍sales $1.17 billion versus $1.10 billion.Canfor Corp - ‍on Oct 20 board approved c$160 million capital investment program focused on Canfor's US South Sawmill operations.Canfor Corp - capital investment program to increase production capacity in co's US South Sawmill operations​ by about 350 million board feet by end of 2019.  Full Article

Canfor reports Q2 adjusted earnings per share C$0.78
Wednesday, 26 Jul 2017 05:00pm EDT 

July 26 (Reuters) - Canfor Corp :Canfor reports results for second quarter of 2017.Q2 adjusted earnings per share C$0.78.Q2 earnings per share view C$0.54 -- Thomson Reuters I/B/E/S.Canfor Corp - ‍Lumber demand in North America remained relatively stable in Q2 of 2017​.Canfor Corp - ‍Results in Q3 of 2017 will reflect a scheduled maintenance outage at Canfor Pulp's intercontinental pulp mill​.Canfor Corp - Qtrly ‍sales $1,185.2 million versus $1,022.3​ million.Canfor Corp - ‍Forest fire season in Western Canada to date has had no material financial impact on Canfor's operations​.Q2 revenue view c$1.20 billion -- Thomson Reuters I/B/E/S.Canfor - ‍Continuation of current hot and dry weather in BC interior will increase risks of material disruption to co's fibre procurement efforts.  Full Article

Canadian government says it will vigorously defend lumber industry
Monday, 26 Jun 2017 08:48pm EDT 

By David Ljunggren:Canadian government says deeply disappointed by U.S. decision "to impose unfair and punitive anti-dumping duties".Canadian government says U.S. decision to exclude three provinces from duties "represents significant progress in this longstanding dispute".Canadian government says will continue efforts to maintain dialogue with United States on lumber, remains confident a negotiated settlement is possible.  Full Article

Unifor, Public and Private Workers of Canada, Canfor sign tentative agreement
Thursday, 1 Jun 2017 02:56pm EDT 

June 1 (Reuters) - Unifor::Unifor, PPWC, and Canfor sign pulp and paper sector tentative agreement.Unifor says pattern bargaining for western Canada's pulp and paper sector has concluded with a 4-year tentative agreement.The ‍tentative agreement with Canfor pulp will set pattern for Unifor and PPWC's 17 other pulp and paper mills in BC and Alberta ​.  Full Article

Canadian energy minister says Trudeau is scheduled to speak to Trump very shortly
Tuesday, 25 Apr 2017 05:37pm EDT 

April 25 (Reuters) - :Canadian energy minister tells CBC that PM Trudeau is scheduled to speak to President Trump "within the next couple of hours".  Full Article

Canada's natural resources minister: WTO or NAFTA challenges are options open to us
Tuesday, 25 Apr 2017 01:30pm EDT 

April 25 (Reuters) - :Canada's natural resources minister on U.S. decision on softwood lumber: we have prevailed in the past and will do so again.Canada's natural resources minister: our government is taking immediate action to help affected companies, communities and workers.Canada's natural resources minister: we will continue to press American counterparts to rescind this unwarranted trade action.Canada's natural resources minister: we remain confident negotiated settlement on softwood is possible and in best interests of both countries.Canada's natural resources minister, asked what he thinks is behind recent U.S. comments on dairy, lumber industries, says, "I have no idea".Canada's natural resources minister: irritants in Canada-U.S. trading relationship are not new.Canada's natural resources minister: if we look at history of lumber dispute, there will inevitably be job losses from tariffs on softwood.Canada's natural resources minister, asked whether will file WTO or NAFTA challenges, says those options are open to us.  Full Article

Canfor reports results for Q4 of 2016
Wednesday, 8 Feb 2017 05:00pm EST 

Canfor Corp : Canfor Corp - "Looking ahead, us housing market is forecast to continue its gradual recovery through 2017" . Canfor reports results for fourth quarter of 2016 . Q4 adjusted earnings per share C$0.29 . Q4 earnings per share view C$0.35 -- Thomson Reuters I/B/E/S . Canfor Corp - North American lumber consumption is projected to improve, reflecting steady demand in residential construction market . Canfor Corp - There remains a risk of "material antidumping and countervailing duties" being imposed on canadian lumber shipments destined to us . Canfor Corp - Qtrly sales c$1,043.5 million versus c$1,053 million last year .Canfor Corp - Global softwood markets are currently seeing positive pricing momentum and this is anticipated to continue into Q2 of 2017.  Full Article