07:10:52 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 81,274,319
Close 2023-10-06 C$ 92.28
Market Cap C$ 7,499,994,157
Recent Sedar Documents

FP/CP say Interfor, rivals hear Ng applaud NAFTA ruling

2023-10-10 08:57 ET - In the News

See In the News (C-IFP) Interfor Corp

The Financial Post reports in its Saturday, Oct. 7, edition that officials in Ottawa and British Columbia have welcomed a ruling under the North American Free Trade Agreement (NAFTA), saying it found elements of the U.S.'s calculation of softwood lumber duties are inconsistent with that country's own law. A Canadian Press dispatch to the Post reports that Mary Ng, Canada's minister of international trade, says the government is pleased the NAFTA dispute panel agreed with its challenge of America's so-called "dumping determination." Under the U.S. Tariff Act, the Department of Commerce determines whether goods are being sold at less than fair value or if they are benefiting from subsidies provided from foreign governments. Ms. Ng says the duties on Canadian softwood lumber are "unwarranted" and "the only fair outcome" is for the U.S. government to revoke them right away. She says the NAFTA panel directed the Department of Commerce to review key aspects of its dumping determination. B.C. Forests Minister Bruce Ralston issued a statement saying it is "encouraging" to see the panel agree with the "extensive evidence" supporting Canada's claims.

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