Canfor Corp. posted a $33.5-million profit for the three months ending in September, despite a continuing depressed U.S. housing market.
Results were buoyed by income from Canfor Corp.'s stake in Canfor Pulp.
"While pulp markets remained strong in the quarter, the stagnant U.S. housing market weighed on the results of our solid wood business," said Canfor president and CEO Jim Shepard.
"On a more positive note, we continued to see strong demand from China for our Western SPF lumber, and this was reflected in our record-high shipments to Asia in the third quarter," said Shepard.
