GreenFirst Forest Products Responds to U.S. Lumber Tariffs

GreenFirst Forest Products ( (TSE:GFP) ) has issued an update.

GreenFirst Forest Products has expressed deep concern over the U.S. government’s decision to impose a 25% tariff on Canadian softwood lumber, a move that threatens the stability of the Ontario forestry sector. The tariff is expected to increase lumber prices, affecting the U.S. housing market by making homeownership more expensive. GreenFirst is working with government bodies to address the issue and has paused certain capital expenditures to maintain financial resilience. The company remains committed to its long-term vision and operational excellence while urging governmental support for the industry.

More about GreenFirst Forest Products

GreenFirst Forest Products is a forest-first business focused on sustainable forest management and lumber production. The company operates four sawmills in Northern Ontario, employing approximately 800 people, and manages over 6.1 million hectares of FSC-certified public Ontario forestlands. GreenFirst is committed to responsible forest practices and aims to become a top-quartile producer in North America.

YTD Price Performance: -4.89%

Average Trading Volume: 9,285

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $69.72M

See more data about GFP stock on TipRanks’ Stock Analysis page.