Richmond-based Catalyst Paper Corp. (TSX:CTL) is cutting approximately 8,000 tonnes of recycled newsprint production for eight days beginning October 20.
The U.S. economic downturn has reduced print advertising in its key urban markets, which has weakened newsprint consumption.
Weak U.S. lumber markets have also led to production shutdowns for Duncan-headquartered Western Forest Products Inc. (TSX:WEF). The company plans to continue its production curtailments for the remainder of the year and into 2009, which will cut production by 30%.
Western Forest Products said production is expected to remain low throughout 2009. It added that other markets the company services have been unable to overcome from the impact of ailing U.S. economy.
Catalyst's share price range during the past week: between $0.81 and $0.89; 52-week high: $2.06; 52-week low: $0.76.
Western Forest Products' price range during the past week: between $0.65 and $0.95; 52-week high: $2.45; 52-week low: $0.65.