01:17:12 EDT Thu 25 Apr 2024
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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,600,215
Close 2018-04-03 C$ 87.95
Market Cap C$ 6,649,038,909
Recent Sedar Documents

Globe says Magna, others see NAFTA talks gain momentum

2018-04-04 07:53 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that North American free-trade agreement renegotiations have kicked into high gear. The Globe's Adrian Morrow and Greg Keenan write that both Foreign Minister Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo are planning talks in Washington this week with U.S. Trade Representative Robert Lighthizer. The pace of talks are picking up speed, unnamed sources say, after the United States suddenly agreed to drop some of its toughest proposals or to compromise. The three sides are nearing agreement on the crucial issue of auto content rules, sources say, and the U.S. has indicated it can be flexible on its demands to kill or gut the Chapter 19 and 20 dispute resolution provisions, and a proposed sunset clause. Negotiators, however, remain far apart on procurement, sources say. The U.S. is demanding a hard cap on the amount of U.S. government contracting Canadian and Mexican firms can bid on. Canada is continuing to defend its system of supply management for eggs, milk and poultry against U.S. demands for a more open market. Sources say Ottawa is happy to strike a quick deal, but the U.S. will have to make concessions if this is to happen.

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