01:22:46 EDT Fri 26 Apr 2024
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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,883,036
Close 2017-03-17 C$ 56.05
Market Cap C$ 4,253,244,168
Recent Sedar Documents

Globe says Canfor, rivals hear B.C. envoy has concerns

2017-03-20 07:59 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Saturday, March 18, edition that British Columbia's envoy David Emerson says U.S. President Donald Trump's trade nominee Robert Lighthizer has Canada in his crosshairs. The Globe's Sunny Dhillon writes that Ottawa is leading the trade file, but B.C. accounts for half of Canada's softwood-lumber exports to the U.S. and would bear the brunt of the imposition of duties. Mr. Lighthizer told a Senate confirmation hearing last week softwood lumber was "at the top of the list" of issues he would address. Mr. Lighthizer said he would end the dispute through a new agreement or litigation. On Friday Mr. Emerson said Mr. Lighthizer's comments were "concerning but not unexpectedly concerning." He said past U.S. administrations have put interim duties in place based on fabricated or semi-fabricated information, forcing Canada to "fight the numbers down over a series of rulings and appeals that can take you out five years. He said: "I've called it a shakedown in the past and I'll continue to call it a shakedown. It's a fully legalized system, which, every time we win, they tweak the legislation to make it a little tougher. And so that's basically the game."

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