10:54:43 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 79,427,614
Close 2024-03-11 C$ 112.34
Market Cap C$ 8,922,898,157
Recent Sedar Documents

Globe says West Fraser, Canfor see more U.S. griping

2024-03-12 08:16 ET - In the News

Also In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Tuesday edition that a Canadian forestry research centre that has led efforts to expand the use of mass timber in British Columbia and Quebec is being accused by the U.S. lumber industry of receiving unfair federal and provincial subsidies. The Globe's Brent Jang writes that the research centre, FP-Innovations, is a private not-for-profit organization with laboratories in Vancouver, Quebec City and Pointe-Claire, Que. Ottawa provided more than $21-million in funding to the research centre. It aims to spur innovation and growth in the forest products sector, including by researching and promoting the use of mass timber, a type of building material that consists of layers of wood bonded together for added strength. Its research benefits its members, a who's who of Canadian forestry companies. In a complaint lodged with the U.S. Department of Commerce this past summer, a U.S. lumber industry group, COALITION (short for Committee Overseeing Action for Lumber International Trade Investigations Or Negotiations), alleged that FP-Innovations is helping Canadian producers gain an unfair advantage over their American competitors. FP-Innovations members include West Fraser, Canfor and Tolko.

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