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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 76,269,907
Close 2016-11-15 C$ 46.38
Market Cap C$ 3,537,398,287
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Globe says Canfor, rivals hear Trump seeks NAFTA reset

2016-11-16 06:51 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Wednesday edition that Canada's softwood lumber and livestock producers are being targeted by Donald Trump's transition team. The Globe's Steven Chase writes that Canadian Chamber of Commerce president Perrin Beatty says a transition team memo obtained by CNN suggests Washington is about to embark on an "aggressive, protectionist approach to trade both with Mexico and with Canada." Mr. Beatty said statements Mr. Trump made during the campaign suggest every aspect of Canada-U.S. trade is up for negotiation. He said, "Everything in theory is on the table in the relationship, and we're going to need to get clarity from him as to what he is looking at." The memo, which outlines a plan for Mr. Trump's first 200 days in office, shows Mr. Trump on Day One would begin an effort to reshape U.S. trade policy with the North American free-trade agreement -- which he promised during the campaign he would "entirely renegotiate" or "terminate." The memo says on the first day he takes office -- Jan. 20, 2017 -- he would order the Commerce Department and International Trade Commission to study the ramifications of withdrawing from NAFTA and what would be required legislatively to do so.

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