10:12:18 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-07-17 C$ 15.10
Market Cap C$ 1,365,809,345
Recent Sedar Documents

NP says Resolute, others see damage brought by tariffs

2018-07-18 08:43 ET - In the News

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

The National Post reports in its Wednesday edition that for years, George Arwady watched as the disruptive power of the Internet battered America's newspaper industry. The Post's Tom Blackwell writes, however, that the publisher of The Republican, a daily in Springfield, Mass., believed the bleeding triggered by readers shifting to on-line news platforms had finally stabilized. That all changed earlier this year, he says, when duties of up to 30 per cent were slapped on imported Canadian newsprint, causing costs to suddenly spike in a still-teetering business. At Mr. Arwady's paper, and the seven others The Republican prints on contract, publishers have been eliminating pages, reducing the number of copies they place in newsstands and trimming jobs to cope with the inflation. "The market is getting murdered," Mr. Arwady told the Post. The story is similar across much of the United States, as newspapers try to absorb the soaring price of Canadian newsprint. The current tariffs are preliminary, but the U.S. Commerce Department is slated to make its final decision by Aug. 2, and the U.S. International Trade Commission to follow in September. The duties will become permanent if both bodies agree they are required.

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