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Enter Symbol
or Name
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CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 79,499,259
Close 2016-06-10 C$ 40.15
Market Cap C$ 3,191,895,249
Recent Sedar Documents

FP/wire say Canfor, rivals hear trade talks move slowly

2016-06-13 06:50 ET - In the News

See In the News (C-CFP) Canfor Corp

The Financial Post reports in its Saturday edition that unnamed sources say talks between Canada and the United States to resolve a dispute over exports of softwood lumber are making little progress and the matter likely will return to the courts. A Reuters dispatch to the Post reports that U.S. producers complain that Canadian softwood lumber is subsidized, and have in the past launched trade challenges that resulted in the U.S. imposing billion of dollars in tariffs. The most recent round of arguments ended with a 2006 deal that expired in October, 2015. Both sides agreed to take no action for a year after that, but without a new agreement, U.S. firms look set to file new damage claims. One source says, "The two sides are so far apart right now that a deal looks very unlikely." In March, President Barack Obama and Prime Minister Justin Trudeau asked officials to work out possible solutions and report back within 100 days. Although the deadline runs out on June 18, Trade Minister Chrystia Freeland says the sides would work until June 29, when Mr. Obama and Mr. Trudeau meet in Ottawa. She says: "It's a really tough issue and what we're looking for is a good deal. There is a lot of work we have to do."

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