Canada-U.S. immigration changes see a narrowing brain drain
Despite the historical Canadian brain drain to its superpower neighbour, the average annual number of Canadian-born citizens gaining U.S. permanent residence fell by 30 per cent, from 15,600 in the late 2000s to 10,900 in the late 2010s, while the number of American-born immigrants to Canada increased, said the report released on Wednesday.
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Toronto Star
7 minutes ago
- Toronto Star
B.C.‘s independent wood manufacturers decry retroactive U.S. softwood duties
VANCOUVER - British Columbia's independent wood product makers say hundreds of small- and medium-sized manufacturers may be forced to shut down in light of the latest decision from the United States to raise anti-dumping duties on Canadian softwood. The province's Independent Wood Processors Association says in a release that the U.S. Commerce Department's decision this week to raise duties also includes a requirement for Canadian companies to retroactively remit duties for products shipped to the United States since Jan.1, 2023.
Winnipeg Free Press
7 minutes ago
- Winnipeg Free Press
B.C.'s independent wood manufacturers decry retroactive U.S. softwood duties
VANCOUVER – British Columbia's independent wood product makers say hundreds of small- and medium-sized manufacturers may be forced to shut down in light of the latest decision from the United States to raise anti-dumping duties on Canadian softwood. The province's Independent Wood Processors Association says in a release that the U.S. Commerce Department's decision this week to raise duties also includes a requirement for Canadian companies to retroactively remit duties for products shipped to the United States since Jan.1, 2023. Association chair Andy Rielly says in a statement that the requirement to pay duties on products shipped in the last 31 months could not only force small B.C. producers to shut down, but may also threaten operators' personal assets as they may have to risk using their homes as collateral to secure bonds to pay. Rielly is urging the Canadian government to create support programs to make sure B.C.'s independent wood processors can keep workers employed and their companies running. The U.S. Commerce Department said earlier in the week it will raise anti-dumping duties on Canadian softwood to 20.56 per cent, drawing the ire of several B.C. industry groups such as the B.C. Council of Forest Industries and the B.C. Lumber Trade Council. The Independent Wood Processors Association says the the 'all-others' rate affecting its members will be raised from 14.4 per cent to 27.3 per cent, with the possibly of another increase 'in the coming weeks' potentially pushing the duties for their products to as high as 35 per cent. 'Until the Canadian government can negotiate a settlement to this long-festering dispute, we need a government support program to keep our workers employed,' Rielly says, adding an overall duty of 35-per-cent would force members to pay retroactive duties of 27 per cent on products already shipped. Monday Mornings The latest local business news and a lookahead to the coming week. Association executive director Brian Menzies describes independent wood product producers as 'collateral damage' in the trade war, and says the only hope they have of avoiding the hit is either 'a favourable appeal from the Canada-US-Mexico Agreement' or 'pursuing a bilateral negotiated resolution.' 'We should not face export taxes or quotas,' Menzies says. 'Our raw materials are not subsidized, and we are too small to 'dump' our products in the U.S. market. 'We acquire logs and lumber at 'arm's length' from various suppliers on the open market, just like claims made by members of the U.S. Lumber Coalition, and yet our Canadian companies along with U.S. consumers must pay these unfair and costly duties.' Prime Minister Mark Carney had previously said that a future U.S.-Canada trade deal could include softwood lumber quotas. This report by The Canadian Press was first published July 26, 2025.
Canada News.Net
3 hours ago
- Canada News.Net
Seoul's trade hopes dim after delay in key US tariff meeting
SEOUL, South Korea: With just days left before a 25 percent tariff deadline, South Korea's push to strike a trade deal with the United States has hit a snag. A high-stakes meeting aimed at averting the duties was suddenly postponed due to scheduling issues on the U.S. side, Seoul's finance ministry said on July 24. The delay, caused by a conflict in U.S. Treasury Secretary Scott Bessent's calendar, forced South Korean Finance Minister Koo-Cheol to cancel his flight to Washington just an hour before departure. Talks between Bessent, Koo, and their top trade envoys—dubbed the "2+2" meeting—will be rescheduled, but no new date has been announced. The unexpected shift has cast uncertainty over Seoul's ability to secure a last-minute reprieve from the tariffs, which could significantly impact key South Korean exports if they take effect on August 1. "It might be difficult to reschedule 2+2 again before August 1, so the best we can do is for the trade chief Yeo to request an extension of the tariff exemption," said Heo Yoon, a professor of international trade at Sogang University. Markets reacted to the delay. South Korea's KOSPI index pared early gains, closing up just 0.7 percent as shares of automakers and parts suppliers declined. Hyundai Motor fell as much as 1.8 percent. Washington has not offered further details for the postponement, but U.S. officials are juggling parallel negotiations with China in Sweden and the European Union back home—as they race to finalize multiple trade deals ahead of August. Despite the setback, South Korea's Minister for Trade Yeo Han-koo and Industry Minister Kim Jung-kwan remain in Washington, continuing lower-level discussions with U.S. officials, including a meeting with U.S. Trade Representative Jamieson Greer. The delay comes just days after Japan struck its own deal with the U.S., committing to increased market access for American agricultural and auto products and a US$550 billion investment and loan package. That agreement has raised the pressure on Seoul to deliver something similar. Analysts say the involvement of multiple high-ranking South Korean officials in Washington suggests the two sides were nearing the contours of a broad trade package, potentially covering sectors from autos to agriculture. South Korean access to the U.S. market is seen as essential for deepening industrial ties between the two countries, especially in advanced manufacturing. Yonhap News Agency reported that Seoul is preparing a proposal for a $100 billion U.S.-focused investment plan involving major conglomerates such as Samsung and Hyundai. President Lee Jae Myung recently met with Hyundai's Executive Chair Euisun Chung and LG Group Chairman Koo Kwang-mo to discuss their American ventures, and meet Samsung Chairman Jay Y. Lee on, according to local media. Meanwhile, Seoul is also weighing participation in a proposed $44 billion natural gas pipeline in Alaska, an infrastructure project championed by President Trump.
