HDIUF - Canfor lumber stocks drop as B.C. port strike resumes
2023-07-19 15:57:09 ET
Canfor ( OTCPK:CFPZF ) is Wednesday's biggest loser on the S&P/TSX Composite Index, -4.6% after the British Columbia port strike resumed following the union's rejection of a tentative deal reached last week.
The dispute had forced Canfor ( OTCPK:CFPZF ) to curtail its Northwood Pulp Mill in Prince George, citing limited storage space for pulp products that could be transported overseas; with news of the tentative labor agreement, Canfor said on July 13 it would resume operations at Northwood.
Other lumber company stocks showing declines include Adentra ( OTCPK:HDIUF ) -1.4% , West Fraser Timber ( NYSE: WFG ) -1.6% and Interfor ( OTCPK:IFSPF ) -2% .
ETFs: ( WOOD ), ( CUT ), ( NAIL )
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Canfor, lumber stocks drop as B.C. port strike resumes