US Lumber Industry Set to End Canada's Dominance as Tariffs Take Toll [Yahoo! Finance Canada]
West Fraser Timber Co. Ltd Common stock (WFG)
Company Research
Source: Yahoo! Finance Canada
(Bloomberg) -- The southern US is poised to surpass Canada's long-held dominance over the North American lumber industry as decades of trade restrictions take a toll. Most Read from Bloomberg The US region is set to eclipse Canada for softwood lumber capacity for the first time since at least 1970, according to commodity pricing agency Fastmarkets. It's a remarkable turnabout that signals how much a key Canadian resource sector has diminished due to years of US duties and other challenges including wildfires, land-use regulation and insect infestation. The US hiked import duties on Canadian softwood lumber by almost 81% in August, the latest move in a simmering four-decade dispute between the trading partners. Analysts anticipate that levies — currently at 14.54% — could double again by next year under the Commerce Department's annual review. The measures show how trade policies can reshape an industry, creating new winners and losers in the process. Import restrictions have
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WFG
News
- Prolonged softwood lumber dispute points to what Trump's tariffs may mean for Canada [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- What Canadian markets – and investors – made of Trump re-election [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- US Lumber Industry Set to End Canada's Dominance as Tariffs Take Toll [Yahoo! Finance]Yahoo! Finance
- West Fraser Timber Co. Ltd. (NYSE: WFG) had its price target raised by analysts at Scotiabank from $100.00 to $120.00. They now have a "sector outperform" rating on the stock.MarketBeat
- West Fraser Announces Third Quarter 2024 Results [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
WFG
Sec Filings
- 10/23/24 - Form 6-K
- 10/4/24 - Form 6-K
- 9/19/24 - Form 6-K
- WFG's page on the SEC website