09:02:11 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,883,759
Close 2017-04-28 C$ 61.34
Market Cap C$ 4,654,709,777
Recent Sedar Documents

Globe says Canfor, West Fraser top performers last week

2017-05-01 08:25 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Monday, May 1, edition that when the United States government resurrected the softwood-lumber dispute with a 20-per-cent tariff, it actually sparked a relief rally in Canadian forestry by investors who had feared a more severe penalty. The Globe's Tim Shufelt writes that Canfor and West Fraser Timber were the top performing stocks on the main Canadian index on Wednesday, with shares in the latter still buoyant from an earnings beat two days prior. The Trump administration also jostled Canadian markets with a threat to pull out of NAFTA, followed by a swift reversal. Relief on the trade front was short lived, however, when the country's largest alternative-mortgage lender, Home Capital Group, announced it needed a financial lifeline as its depositors continue to pull their money. Home Capital's crisis rippled through the Canadian financial sector on Thursday, from comparable lenders right up to the biggest banks. Home Capital is on the docket to report quarterly earnings this Wednesday, though that could easily change.

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