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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 76,809,010
Close 2016-10-17 C$ 39.13
Market Cap C$ 3,005,536,561
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Globe/wire say Interfor, rivals hear WTO fight looms

2016-10-18 06:24 ET - In the News

See In the News (C-IFP) Interfor Corp

The Globe and Mail reports in its Tuesday, Sept. 18, edition that Canada will fight United States softwood lumber tariffs in front of the World Trade Organization if a negotiated settlement cannot be reached, Trade Minister Chrystia Freeland says. A Bloomberg dispatch to The Globe reports that a tariff standstill expired last week and opened the door for U.S. industry to begin proceedings to add charges to Canadian lumber. The last softwood pact expired in 2015 and Canadian exports have since increased. Ms. Freeland, speaking Monday in the House of Commons, said the Canadian government is now taking a "two-track approach" -- pursuing a negotiated deal while preparing for any WTO fight. "We understand the way to get a great deal is to be prepared for the possibility there is no deal at all," Ms. Freeland told lawmakers in Ottawa. "We want a good deal, not just any deal. And if we can't achieve a negotiated agreement, Canada's prepared to fight." Ms. Freeland and her counterpart, U.S. Trade Representative Michael Froman, pledged last week to continue to work toward a "durable and equitable solution" despite failing to reach a deal before the tariff standstill expired.

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