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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,885,350
Close 2017-07-18 C$ 64.05
Market Cap C$ 4,860,456,668
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Globe says Magna, others hear NAFTA is safe

2017-07-19 08:40 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Wednesday edition that Donald Trump was going to throw the North American free-trade agreement into the trash can. The Globe's Lawrence Martin writes that Canadians can stop fretting because the deal is safe. Mr. Trump's termination plan has become a middling modernization scheme. The Washington wish list for NAFTA changes, published Monday, is hardly radical. Throw out the dispute-resolution system? Existing panels have not always worked well. Come up with a better method. There are some nettlesome American proposals but, as in any negotiation, there will be compromises on each side. What happened on this file is that Ottawa scored at the bargaining table before the bargaining even began. Even some of Justin Trudeau's harshest conservative critics accord him points for his management of the Trump file. To dim the fire of the U.S. President's ire, he combined personal charm with evidence-based argumentation. His philosophy runs directly counter to Mr. Trump's populist nationalism. The Trudeau vision is tantamount to a declaration of interdependence. Mr. Trudeau need hope that Mr. Trump keeps his eyes wide shut so as not to have a change of mind.

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