01:24:19 EDT Tue 19 Mar 2024
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West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,600,215
Close 2018-04-23 C$ 93.03
Market Cap C$ 7,033,088,001
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FP says Magna, others hear talks may get punted to 2019

2018-04-24 08:12 ET - In the News

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

The Financial Post reports in its Tuesday edition that trade expert Jeff Schott, who spoke at the April 13 annual conference held by the Canada-United States Law Institute, said: "There is a bias against Canadians. The opinion is that they are notoriously unpleasant. I don't agree, but that's the attitude in the USTR (U.S. Trade Representative's office)." The Post's Diane Francis writes that the consensus at the conference was that the Americans hold all the cards and imminent elections in the U.S. and Mexico this year mean nothing substantive will happen unless Mexico and Canada cave to all tough American demands. Washington-based Steptoe & Johnson international trade partner Dick Cunningham says, "The game plan is that Canada and Mexico will walk away, then the U.S. can say the president tried to make it work for Americans." Underlying the talks is the reality that Donald Trump's economic agenda is to change or leave the North American free-trade agreement, and to retain tariffs against China and against steel and aluminum from many countries, including Canada and Mexico (exempted until May 1). The likeliest scenario appears to be that the three will sign an agreement in principle and punt talks until 2019.

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