04:25:45 EDT Fri 26 Apr 2024
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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 76,269,907
Close 2016-11-17 C$ 46.51
Market Cap C$ 3,547,313,375
Recent Sedar Documents

Globe says Interfor, rivals see softwood spat looming

2016-11-17 07:28 ET - In the News

See In the News (C-IFP) Interfor Corp

The Globe and Mail reports in its Thursday edition that president-elect Donald Trump is eyeing North American free trade agreement partner Canada. A Globe editorial says a Trump transition team memo, leaked to CNN, has specifically targeted two issues key to Canada: softwood lumber and country-of-origin labelling of meat. Mr. Trump apparently intends to order the U.S. Commerce Department and International Trade Commission to study what abandoning NAFTA would mean. The memo speaks ominously of an entire renegotiation of NAFTA, or even termination. In the matter of softwood lumber, Mr. Trump's people may have a point. The provincial Crown of B.C. has a pattern of trying to sell wood destined for the U.S. at what seem to be artificially low rates, undercutting the U.S. industry. It would be good to be free of the repetitive ritual dance of softwood lumber disputes, a chronic condition that breaks out every time there is an election in a northern American state with a powerful forestry lobby. Prime Minister Justin Trudeau was right to tell Mr. Trump last week that Canada is open to some revision of NAFTA. Mr. Trump, however, should be reminded that NAFTA as a whole is as mutually beneficial as ever.

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