Nov 05, 2009. /Lesprom Network/. Catalyst Paper has recorded net earnings of $13.2 million ($0.03 per common share) on sales of $263.4 million for the 3Q 2009 compared to a net loss of $1.9 million ($0.01 per common share) on sales of $291.5 million in the 2Q. Net earnings reflect a $33 million after-tax gain on translation of long-term U.S. dollar denominated debt, comparable to the gain in the 2Q. "With the exception of pulp, the best that can be said about 3Q markets is that demand decline has slowed down," said President and CEO Richard Garneau. "Looking to the 4Q and into 2010, we expect results to come under heavy pressure due to the continued weak markets, uncertainty in pricing recovery, and the negative impact of an escalating Canadian dollar." Catalyst Paper manufactures diverse specialty printing papers, newsprint and pulp.