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Bullboard - Stock Discussion Forum West Fraser Timber Co Ltd T.WFG

Alternate Symbol(s):  WFG

West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used... see more

TSX:WFG - Post Discussion

West Fraser Timber Co Ltd > WFG on duties: chatter on the file?
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Post by carbide on Oct 31, 2023 4:49am

WFG on duties: chatter on the file?

Comment by Apaulson on Oct 31, 2023 7:49am
Your message that you tried to imbed doesn't seem to be showing. What WFG and all of the other B.C. producers need to do is shut down their mills in B.C. and lay off their employees.  Only then you'll get the attention of Justin Trudeau and Mary Ng so that they'll realize that taking a weak position on this matter has done nothing but harm Canadians.
Comment by Apaulson on Oct 31, 2023 7:55am
The big 3 Canadian producers have $2.8 million on deposit in lumber duties. Duties   06/30/2023 (USD) CAD/USD CAD Recovery Est.   Recovery Shares OS Per Share Canfor             655,391,273    ...more  
Comment by Apaulson on Oct 31, 2023 8:31am
Canada has chosen the Country's dairy farmers over lumber producers.  By protecting our dairy farmer's profits, our government has hurt dairy consumer who have to pay more, and it has lumber producers/consumers.  Why?  For votes in Quebec.  It's ridiculous.  I would rather stop overpaying for milk and hamstringing our forestry product workers.
Comment by carbide on Oct 31, 2023 1:37pm
Sorry, see if this works.  From the WFG Q3 conference call: "Paul Quinn   Okay. And then just noticing that you’ve got now almost U.S. $825 million on deposit hearing from some of your competitors that there’s been some chatter on that file, the softer lumber. What is your take on the current situation and how do we get to resolution?   Ray Ferris   Well, I ...more  
Comment by Apaulson on Oct 31, 2023 2:01pm
Thanks for reposting. If we can believe Ray Ferris, then the government and industry is no where closer to reaching a deal. Canada has no merit in negogiating this as the Country is a hyprocrite.  Dairy farmers and the protectionism that they are given has essentially f'ed us over. I used to work in an accounting/tax firm which had a large base of agriculature clients.  I ...more  
Comment by carbide on Oct 31, 2023 2:06pm
I heard the same.  That dairy farming is very lucrative in Canada thanks to supply management.  Some farmers have raked in 8 figures throughout their careers.