11:42:08 EDT Tue 23 Apr 2024
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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,882,056
Close 2017-03-14 C$ 57.67
Market Cap C$ 4,376,118,170
Recent Sedar Documents

Globe says Canfor, rivals hear vow to end lumber spat

2017-03-15 07:43 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Wednesday edition that President Donald Trump's nominee for United States Trade Representative, Robert Lighthizer, is vowing to end the long-running softwood-lumber dispute with Canada. The Globe's Adrian Morrow and Sunny Dilhon write that Mr. Lighthizer told his Senate confirmation hearing Tuesday that softwood is "at the top of the list." He said he recognizes that American companies want "quantitative restraint" -- a limit on Canadian lumber entering the United States. He told the Senate's finance committee: "It is a very serious, intractable sort of problem. It has enormous political consequences on both sides of the border. We have to have a new [deal]: Either litigation or a new agreement that does work." Mr. Lighthizer did not specify whether softwood would form part of the larger talks over the North American free-trade agreement or if it would be handled in a separate round of bargaining. The President is starting to push forward his promised overhaul of trade, meant to favour American companies and crack down on countries that he alleges treat the United States unfairly. Mr. Lighthizer said he agreed with the President's "America first" policy on trade.

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