BC forestry companies are set to report lacklustre third-quarter financial results as tough market conditions send ripples through boardrooms and mill towns. …“We expect sentiment to remain challenging for the group through year-end,” CIBC World Markets Hamir Patel said. “The much-anticipated turn in the market failed to emerge in September.” West Fraser Timber and Canfor will release their third-quarter results next week. …Western Forest Products and Interfor will announce their quarterly results in early November. …Don Kayne, Canfor’s CEO, said part of the solution to weathering the tough times will be continuing to diversify geographically away from the US. Russ Taylor, managing director at Forest Economic Advisors, said BC has been much slower to adjust to lower lumber prices when compared with Alberta. “In conjunction with punitive US import taxes, the net result… is nothing short of a catastrophe for beleaguered BC Interior mills”. [a G&M subscription is required to access the full story]