11:17:11 EDT Tue 23 Apr 2024
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CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,643,917
Close 2018-01-08 C$ 82.01
Market Cap C$ 6,203,557,633
Recent Sedar Documents

Globe says Canfor, rivals hear fed to fight U.S. duties

2018-01-08 08:01 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Saturday, Jan. 6, edition that the U.S. Department of Commerce has ignored trade rulings on softwood lumber that favour Canadian producers, and a NAFTA panel should order duties that were introduced last year to be reversed and the money refunded, Canada says. The Globe's Brent Jang writes that two months ago, Canada served notice that it would use one of the most controversial elements of the North American free-trade agreement -- Chapter 19, which sets up trade panels to settle disputes -- in its battle against U.S. lumber duties. Last week, a law firm representing the Canadian government hired a courier to drop off a letter marked "via hand delivery" to Paul Morris, secretary of the U.S. section of the NAFTA Secretariat. Canada is counting on a binational NAFTA panel expected to be formed within months to overturn the Commerce Department's determination in 2017 that provincial governments subsidize Canadian lumber producers, which the United States says dump softwood into the U.S. at below market value. In its 18-page letter sent on Thursday, the Trudeau government said the binational panel should order the Commerce Department to reverse course.

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