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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 76,269,907
Close 2016-11-16 C$ 46.60
Market Cap C$ 3,554,177,666
Recent Sedar Documents

Globe says Canfor, rivals hear NAFTA woes loom

2016-11-17 07:23 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Thursday, Nov. 17, edition that a memo obtained by CNN shows Canada's softwood-lumber and livestock producers are being targeted by Donald Trump's transition team, which calls for the president-elect to renegotiate the North American free-trade agreement. The Globe's Steven Chase and Paul Waldie write that the memo outlines a plan to reshape NAFTA -- which Mr. Trump promised during the campaign he would "entirely renegotiate" or "terminate." A costly new softwood-lumber war -- with huge tariffs on Canadian lumber -- is due to erupt any day now between the two countries. Finance Minister Bill Morneau struck a sunny tone Wednesday, saying he is confident of finding a "win-win" solution on difficult trade issues, including softwood lumber, with Mr. Trump. "We will work together with the incoming United States administration to ensure that we create opportunities for Canadians. And you know, we're confident that we'll get to a place that's better than we are now," he said Wednesday. Ambassador David MacNaughton says trade has become a dirty word in the U.S. He says anti-trade protectionists are feeling emboldened by Mr. Trump's election.

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