Canfor books $321m impairment as European log costs surge and pulp prices weaken

Canfor Corporation will record a $321 million non-cash impairment charge in its fourth-quarter 2025 results, with $215 million tied to lumber and $106 million to pulp and paper. The accounting move reflects a reassessment of future earnings potential in parts of its portfolio, particularly in Europe. In the lumber segment, the impairment relates to European operations, where log supply pressures have driven raw material prices sharply higher. Over the past year, European sawlog markets have tightened considerably, pushing log costs to levels that compress mill margins even where finished lumber prices have remained firm. When elevated fibre ...