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West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 76,022,344
Close 2026-07-22 C$ 94.78
Market Cap C$ 7,205,397,764
Recent Sedar+ Documents

Globe says West Fraser, others told more trouble coming

2026-07-23 08:31 ET - In the News

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The Globe and Mail reports in its Thursday edition that the Trump administration's proposed tariffs threaten to deliver a harsh blow to British Columbia's economy in this latest phase of a lengthy trade war. The Globe's Sophia Bertuzzi writes that the Section 338 tariffs, if enacted, would apply to nearly 14 per cent of what B.C. shipped to the U.S. in 2025. B.C. is at particular risk with the new Section 338 tariffs as the list includes a range of value-added wood, pulp, paper and packaging products. B.C.'s forestry sector has already struggled from the long-standing dispute with the U.S. over softwood lumber. Last year's Section 232 tariffs imposed a 10-per-cent levy to softwood lumber, which had already been facing 35 per cent anti-dumping and countervailing duties. Together, softwood lumber faces a cumulative levy of 45 per cent, and now the new tariffs risk causing further disruption over all. About 20 per cent of B.C.'s exports are from the forestry sector, with 60 per cent of those going to the U.S. The Forest Products Association expressed disappointment: "At a time when our American neighbours are struggling with affordability and the need to build more homes, these actions will unfortunately hurt them too."

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