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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 76,809,010
Close 2016-10-18 C$ 39.62
Market Cap C$ 3,043,172,976
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Globe/CP say Canfor, rivals hear Chretien to join talks

2016-10-19 07:34 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Wednesday, Oct. 19, edition that Quebec has hired a former Canadian ambassador to the United States to represent its interests in the difficult softwood lumber negotiations between Canada and its southern neighbour. A Canadian Press dispatch to The Globe reports that Raymond Chretien was named on Tuesday as Quebec's representative in the continuing talks. The Americans could start imposing duties on Quebec softwood by March, 2017, if a deal cannot be reached. Mr. Chretien, ambassador to Washington between 1994 and 2000, told reporters time is a factor in the negotiations because the United States will elect either Donald Trump or Hillary Clinton as U.S. president Nov. 8. Both have been critical of free trade in recent months. "It is a difficulty that is real," says Mr. Chretien, who is pulling for Ms. Clinton because of Mr. Trump's "totally protectionist" position. Mr. Chretien is expecting "very, very difficult negotiations" as "Americans never give any gifts." The U.S. softwood lobby is complaining that Canada's lumber is unfairly subsidized. International Trade Minister Chrystia Freeland says she welcomes Mr. Chretien's involvement in the file.

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