08:46:06 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 76,272,082
Close 2017-01-11 C$ 46.75
Market Cap C$ 3,565,719,834
Recent Sedar Documents

Globe says Trump may side with Canfor, rivals

2017-01-12 09:03 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Thursday, Jan. 12, edition that president-elect Donald Trump will come to office less beholden to special interest groups. The Globe's guest columnist Naomi Christensen writes that it would be a mistake to assume Mr. Trump will automatically be in the camp of the U.S. Lumber Coalition, which wants to impose tariffs on U.S. imports of Canadian lumber. Mr. Trump's power base of voters includes those who will be most negatively affected by this action. The move would boost the price of homes, but also lead to lost jobs and wages. There is only one real reason behind the U.S. Lumber Coalition's move to place duties on Canadian softwood lumber -- to raise the price of lumber. Yet, while the U.S. domestic industry benefits from higher profits, U.S. consumers lose out. This is clear by looking at the effects of the duties prescribed by the recently expired Softwood Lumber Agreement. Higher lumber and therefore housing prices will make home ownership less attainable, jobs will be lost in the construction and related sectors, and it will make it that much harder for Mr. Trump to fulfill his promise to increase GDP growth to 4 per cent.

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