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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,882,056
Close 2017-02-16 C$ 52.40
Market Cap C$ 3,976,219,734
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Globe says Canfor, rivals hear painful path lies ahead

2017-02-17 07:59 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Friday, Feb. 17, edition that Canada's ambassador to the United States says the softwood lumber dispute is the subject of substantial discussions between Ottawa and the White House, and says both sides are taking the issue and its potentially massive impact on thousands of workers seriously. The Globe's Justine Hunter writes that British Columbia's newly appointed envoy on the file, however, also added a cautionary note after a meeting with the ambassador and Premier Christy Clark: The path ahead to a deal could be painful. Ms. Clark and her new trade envoy, David Emerson, spent two days this week huddled with Ambassador David MacNaughton discussing the future of the province's softwood-lumber industry -- a sector that last year sent $4.6-billion worth of exports to the U.S. With the resumption of the Canada-U.S. softwood-lumber trade war, Ms. Clark and her cabinet, along with industry executives, met on Wednesday with the two trade representatives to map out a strategy for a settlement that will not cripple the already-struggling forest industry. Mr. Emerson says, "I think we need to anticipate it will be a very tough battle and we need to ready our battle plans."

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