20:12:37 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-07-31 C$ 13.15
Market Cap C$ 1,189,429,993
Recent Sedar Documents

Globe says Resolute, others await word on U.S. tariffs

2018-07-31 07:34 ET - In the News

Also In the News (C-CFX) Canfor Pulp Products Inc
Also In the News (C-WFT) West Fraser Timber Co Ltd

The Globe and Mail reports in its Tuesday edition that a key decision from the U.S. government is coming this week on newsprint, with divergent industries on both sides of the border holding out slim hope of some relief from the punishing levies imposed on Canadian supplies. The Globe's David Parkinson and Brent Jang write that on Wednesday, the U.S. Department of Commerce will meet to make a final determination on the 22.16-per-cent preliminary anti-dumping tariffs it slapped in March on most Canadian uncoated groundwood paper, which includes newsprint and book-grade paper. The levy is on top of a countervailing duty averaging 6.53 per cent that was applied in January. A public announcement of the department's decision is set for Thursday. In a year when the U.S. has unleashed tariffs on Canadian lumber, steel and aluminum, and threatened to hit Canada's auto sector, newsprint has received much less attention. Canada's newsprint industry is feeling the pinch as the tariffs disrupt U.S. exports, which represent $100-million a month of business. The tariffs have garnered more public attention in the United States, as the spike in costs triggered by the tariffs pushes beleaguered newspapers to the brink.

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