04:46:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,883,759
Close 2017-05-08 C$ 59.71
Market Cap C$ 4,531,019,250
Recent Sedar Documents

Globe says Canfor, rivals hear Ottawa seeks exemptions

2017-05-09 07:19 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Tuesday, May 9, edition that Ottawa is asking the Trump administration to exempt a wide range of items subjected to U.S. duties on Canadian softwood lumber, including bed-frame components, garage doors and window frames. The Globe's Brent Jang writes that the Canadian government's list of wooden products proposed for exemption also covers door frames, clothes hangers, cutting boards, butcher-block countertops and certain fence pickets. Ottawa points out that the vast majority of exemptions envisaged are for remanufactured products made from softwood boards, versus lumber derived from trees and sent to U.S. home construction sites. Another exemption sought is for Western Red Cedar exports. "Western Red Cedar commands a significant price premium to other softwood-lumber products and is not considered by purchasers to be interchangeable with other softwood species," the federal government said in a letter to U.S. Commerce Secretary Wilbur Ross. Ottawa is pressing its case as the Alberta government steps up its defence of the forestry sector, with Premier Rachel Notley naming Gary Doer as the province's envoy on the softwood file.

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