22:16:36 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-07-12 C$ 14.26
Market Cap C$ 1,289,830,547
Recent Sedar Documents

Globe says ITC to decide tariffs for Resolute, others

2018-07-13 07:14 ET - In the News

Also In the News (C-CFP) Canfor Corp
Also In the News (C-WFT) West Fraser Timber Co Ltd

The Globe and Mail reports in its Friday edition that a newsprint mill in Washington State is urging the U.S. International Trade Commission to uphold tariffs against Canadian producers. The Globe's Brent Jang writes that the ITC issued a preliminary ruling last September that the U.S. industry for uncoated groundwood paper, including newsprint, has been injured by Canadian shipments. The ITC made its decision after reviewing arguments presented by North Pacific Paper Co. (Norpac), a newsprint producer based in Longview, Wash. The ITC will hold a hearing on Tuesday in Washington, D.C., where Norpac executives will press their case to keep the tariffs in place while critics -- notably U.S. publishers and members of Congress -- line up to make their arguments to scrap the duties. Gannett, which publishes 110 U.S. newspapers, said that Norpac is vastly underestimating the impact of the tariffs because pennies per copy add up to thousands of dollars of extra expenses each week for even community newspapers. Montreal-based Resolute Forest Products got hit with a countervailing rate of 4.42 per cent in January. Hedge fund One Rock Capital Partners LLC of New York bought Norpac in late 2016 from Weyerhaeuser.

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