On the 9th of November 2016, Western Forest Products Inc. stock fell at Toronto Stock Exchange in connection with the uncertainty over the future of softwood lumber industry in Canada caused by the news about Donald Trump being elected U.S. President, The Globe and Mail reports.
Newly elected President Trump is expected to pursue a protectionist policy, what would significantly impact Canada’s softwood lumber industry.
In particular, a possible change of trade relations between the USA and Canada might influence the future of Western Forest Products Inc., the British Columbia’s largest coastal forest company, given that 2006 agreement between two countries on softwood lumber has expired.
Over the course of his electoral campaign, Donald Trump advocated a protectionist trade agenda and promised to renegotiate or break the North American free-trade agreement.
