February 12, 2008 / 1:37 PM / in 10 years

Tembec Inc swings to loss in first quarter

TORONTO, Feb 12 (Reuters) - Canadian forest products firm Tembec Inc TBC.TO said on Tuesday it swung to a loss in the first quarter, hit by lower lumber prices, declining demand and the appreciation of the Canadian dollar.

The company reported a loss of C$60 million, or 70 Canadian cents a share in the period, compared to net earnings of C$138 million, or C$1.62 a share, a year earlier.

$1=$1 Canadian Reporting by Jonathan Spicer; Editing by Bernadette Baum

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