Mar 18, 2009. /Lesprom Network/. The 13 largest companies in Canada's forest, paper and packaging industry lost a combined $1.3 billion in the 4Q 2008, as PricewaterhouseCoopers informed Lesprom Network. The report of PricewaterhouseCoopers says 5 major forestry companies in eastern Canada had losses totalling $954 million in the three months ended Dec. 31 – mostly because of Montreal-based Domtar Inc. The 8 western forestry companies tracked by the report had net losses totalling $641 million in the 4Q although one, TimberWest, had a $330-million profit. PwC's Craig Campbell says the advisory firm expects the pain to continue for the industry "long as the economy is spiralling downwards."