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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 76,269,907
Close 2016-11-21 C$ 47.24
Market Cap C$ 3,602,990,407
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Globe says Magna, others hear Trump now silent on NAFTA

2016-11-22 07:34 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Tuesday edition that president-elect Donald Trump has unveiled plans for his first 100 days in the White House, including withdrawing from the Pacific Rim trade pact, and easing restrictions on the development of shale energy and coal. The Globe's Barrie McKenna writes that Mr. Trump, however, was silent Monday on two of his most repeated and controversial campaign promises -- renegotiating the North American free-trade agreement and building a wall on the Mexican border. Mr. Trump said he will pull the United States out of the Trans-Pacific Partnership and would negotiate unspecified trade deals to bring jobs and industry back to the U.S. Even Barack Obama has conceded the death of the TPP. Unlike an earlier leaked memo from Mr. Trump's transition team that caused a stir in Canada, Mr. Trump made no mention of reopening NAFTA to win concessions from Canada and Mexico. Meanwhile, Mr. Trump is working to staff key economic posts in his administration. The choices will help put some of Mr. Trump's other promises into practice, including rolling back regulation of Wall Street, cracking down on trade, and stimulating the economy with tax cuts and infrastructure spending.

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