The company that owns sawmills in Castlegar and Grand Forks continues to show big losses.
Interfor’s fourth quarter earnings report released today showed the company had a net loss of $104.6 million. That’s compared to a loss of $215.8 million in the third quarter of 2025 and a $49.9 million loss in the fourth quarter of 2024.
The company said North American lumber markets over the short term are expected to remain volatile as the economy “continues to adjust to changing monetary policies, tariffs, labour shortages and geo-political uncertainty.”
Interfor curtailed production company-wide last fall, leading to an indefinite shutdown of its Grand Forks mill. The mill has since reopened with a single shift.
Overall, the company cut 753 million board feet, which was down 159 million from the previous quarter.
Lumber prices rebounded late last year and early this year.
Interfor said it paid $31.2 million during the fourth quarter in export duties as a result of countervailing and anti-dumping duties on softwood imposed by the US at a combined rate of over 35 per cent.
The company said over the mid-term, Canadian lumber is expected to remain a key source of supply to meet US needs.
