This net earning summary provides a regional analysis of the forest and paper sector's financial performance for the quarter ending September 30, 2007.
While public forest and paper companies in Canada reported positive overall earnings in the quarter, the slowdown in the US housing market, weak demand and prices for North American building materials, and a strong Canadian dollar continued to create difficult operating conditions. Prices for pulp and paper showed improvement during the quarter, but were offset by higher fibre costs and a weakening US currency.
The summary is prepared by PricewaterhouseCoopers from financial statements issued by the companies noted. Canadian dollars are used unless otherwise noted. All comparative figures are with the third quarter of 2006, unless otherwise indicated.
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