Cold winter proves hard on forestry sector, Tembec posts big loss
Quebec-based forestry company Tembec says it has just endured a tough winter quarter that resulted in a $40-million loss. The loss amounted to 40 cents per share, which was deeper than a year-earlier loss of 28 cents per share or $28 million. Among other things, Tembec said winter weather had a bigger impact than anticipated…