VANCOUVER (From news reports) -- Canfor Corp. reported a loss of $72.1 million in its latest quarter compared with a loss of $31 million a year earlier and said global markets remained challenging.

The forestry company says the loss amounted to 62 cents per diluted share for the quarter ended March 31 compared with a loss of 26 cents per diluted share in the same quarter last year.

Sales for the quarter totaled $1.36 billion, down from $1.42 billion in the first quarter of 2025.

Canfor chief executive Susan Yurkovich said the first quarter of 2026 continued to reflect challenging market conditions across the company's operations.

The company noted that global lumber markets remained challenging, reflecting subdued demand and ongoing trade and geopolitical pressures, however it added that there was some improvement in North American benchmark lumber pricing.

Yurkovich added global pulp markets continued to face significant headwinds during the first quarter, with pulp producer inventories remaining elevated.