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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 Canfor, rivals hear Clark a bull on softwood

2016-11-18 07:30 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Friday edition that B.C. Premier Christy Clark is bullish on the future of Canada's softwood-lumber industry, despite reports the incoming U.S. administration under president-elect Donald Trump intends to push for more favourable trade terms between the two countries. The Globe's Justine Hunter writes that Ms. Clark believes Mr. Trump will not want to risk his country's domestic housing construction boom by threatening its supply of Canadian softwood lumber. She says: "The thing about Donald Trump is that he talked to Americans about jobs and affordability. One of the things we also know is that if Canadian softwood doesn't come into the United States, the price of housing goes way through the roof. So if he is a president that decides that he wants to keep housing affordability within the reach of average Americans, if he wants to keep job growth going -- because residential construction is a big part of that in the U.S. economy -- then I think we will have an easier path on softwood than we might have otherwise." Housing starts in the U.S. surged to a nine-year high in October. Canadian softwood lumber provides about 30 per cent of the market.

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