Canfor Closes Two B.C. Sawmills, Affects 500 Workers

Canfor Corporation has announced the closure of its sawmills in Vanderhoof and Fort St. John, British Columbia, by the end of the year, impacting approximately 500 employees and reducing production capacity by 670 million board feet annually. CEO Don Kayne attributed the decision to ongoing financial losses, high operating costs, regulatory complexities, and increased U.S. tariffs on softwood lumber, which nearly doubled to 14.54%. The closures highlight the challenges facing the Canadian forestry sector, which has already seen significant job losses over the years. Canfor plans to collaborate with union partners on an employee transition plan and is considering divesting some of its timber tenure to support other forest companies. Local leaders have expressed their shock and sadness at the news, emphasizing the devastating impact on their communities. This marks another significant setback for an industry struggling with economic viability and market fluctuations.