23:46:20 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,643,917
Close 2018-01-19 C$ 85.74
Market Cap C$ 6,485,709,444
Recent Sedar Documents

Globe/CP say Bombardier sees fed move on NAFTA Chap 19

2018-01-22 07:44 ET - In the News

See In the News (C-BBD) Bombardier Inc

The Globe and Mail reports in its Saturday, Jan. 20, edition that the federal government has filed requests for panel reviews under NAFTA to appeal U.S. decisions to impose duties on imports of Bombardier's C Series aircraft and softwood lumber from Canada. A Canadian Press dispatch to The Globe reports that the notices follow the U.S. Department of Commerce's plans to impose duty rates of nearly 300 per cent on future imports of Bombardier's C Series planes, and the U.S. International Trade Commission's determination that softwood lumber imported from Canada is subsidized and hurts the U.S. industry. The North American free-trade agreement's Chapter 19 contains a dispute-resolution mechanism that allows Canada to get a panel made up of U.S. and Canadian trade experts to decide whether the duties follow U.S. trade law, rather than going through the U.S. court system. The filings were expected, and in the case of softwood, the government had already formally signalled its intention to use Chapter 19 to push back against the U.S. decision to slap duties on Canadian lumber. The move comes on the eve of the sixth round of NAFTA talks, which are due to begin next week in Montreal.

© 2024 Canjex Publishing Ltd. All rights reserved.