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Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Ottawa collects extra $617M from import duties in March as counter-tariffs hit U.S.
OTTAWA - Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. The federal government's latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier. In March the federal government slapped retaliatory tariffs on billions of dollars in U.S. goods entering Canada — costs that are paid by Canadian businesses importing the items. The Liberal party projected during the recent federal election campaign that counter-tariffs against the United States would raise an estimated $20 billion over 12 months. Finance Minister François-Philippe Champagne said in an interview with CBC last week that the figure in the Liberal platform was 'a projection at a moment in time' and noted the tariff situation has been changing rapidly. The Liberals are forgoing publishing a spring budget but have promised a fiscal update in the fall. This report by The Canadian Press was first published June 2, 2025.
Global News
3 days ago
- Business
- Global News
Canada collected $617M extra from import duties as counter-tariffs hit U.S.
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. The federal government's latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier. In March the federal government slapped retaliatory tariffs on billions of dollars in U.S. goods entering Canada — costs that are paid by Canadian businesses importing the items. 2:06 Canada ponders response to Trump's latest steel tariffs threat The Liberal party projected during the recent federal election campaign that counter-tariffs against the United States would raise an estimated $20 billion over 12 months. Story continues below advertisement Finance Minister François-Philippe Champagne said in an interview with CBC last week that the figure in the Liberal platform was 'a projection at a moment in time' and noted the tariff situation has been changing rapidly. The Liberals are forgoing publishing a spring budget but have promised a fiscal update in the fall.
Winnipeg Free Press
3 days ago
- Business
- Winnipeg Free Press
Ottawa collects extra $617M from import duties in March as counter-tariffs hit U.S.
OTTAWA – Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. The federal government's latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier. In March the federal government slapped retaliatory tariffs on billions of dollars in U.S. goods entering Canada — costs that are paid by Canadian businesses importing the items. The Liberal party projected during the recent federal election campaign that counter-tariffs against the United States would raise an estimated $20 billion over 12 months. Finance Minister François-Philippe Champagne said in an interview with CBC last week that the figure in the Liberal platform was 'a projection at a moment in time' and noted the tariff situation has been changing rapidly. Monday Mornings The latest local business news and a lookahead to the coming week. The Liberals are forgoing publishing a spring budget but have promised a fiscal update in the fall. This report by The Canadian Press was first published June 2, 2025.
Yahoo
3 days ago
- Business
- Yahoo
Ottawa collects extra $617M from import duties in March as counter-tariffs hit U.S.
OTTAWA — Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. The federal government's latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier. In March the federal government slapped retaliatory tariffs on billions of dollars in U.S. goods entering Canada — costs that are paid by Canadian businesses importing the items. The Liberal party projected during the recent federal election campaign that counter-tariffs against the United States would raise an estimated $20 billion over 12 months. Finance Minister François-Philippe Champagne said in an interview with CBC last week that the figure in the Liberal platform was "a projection at a moment in time" and noted the tariff situation has been changing rapidly. The Liberals are forgoing publishing a spring budget but have promised a fiscal update in the fall. This report by The Canadian Press was first published June 2, 2025. Craig Lord, The Canadian Press
Cision Canada
3 days ago
- Science
- Cision Canada
New Canada Research Chair at the UQAT: reduce the environmental impacts of mining operations in cold regions
ROUYN-NORANDA, QC , June 2, 2025 /CNW/ - The Université du Québec en Abitibi-Témiscamingue (UQAT) is proud to announce the award of a new Canada Research Chair. Last March, the Minister of Innovation, Science and Industry, the Honourable François-Philippe Champagne, announced the creation of the Canada Research Chair in Geoenvironmental Engineering of Mine Waste in Cold Regions to be held by Vincent Boulanger-Martel, Professor at the Research Institute of Mines and Environment (RIME). Tier 2 Chairs are awarded to outstanding emerging researchers considered by their peers to have the potential to become leaders in their field. Provide much-needed expertise to the Canadian mining community Advances in technology and the world's growing demand for diverse natural resources have led to an increase in mining activity across the country and pushed mining operations farther away from populated mining regions. As a result, there is an increasing number of mining projects being developed in northern and remote regions of Canada. The development of such mining projects brings numerous unique technical, environmental, and social acceptability challenges. Curently, only few solutions have been specifically developed to overcome the challenges associated with the severe seasonal freezing and thawing as well as permafrost* conditions of northern Canada. The research program of this Canada research chair aims to develop practical, climate-resilient mine waste management and reclamation solutions specifically designed for cold regions to reduce the impacts of mining activities. This program will therefore help the mining industry, government agencies, and consultants to better manage mine waste, reduce environmental impacts, and protect fragile ecosystems of these regions. "I aim to undertake cutting-edge research ranging from fundamental experimentation to laboratory and field testing, as well as numerical modeling," says the chairholder, Vincent Boulanger-Martel. Several technological advances are proposed in cold region experimental geotechnics and geoenvironmental engineering, advanced numerical modelling, remote sensing, and monitoring applied to mine waste management and reclamation. The work is geared towards solving practical, concrete problems faced by the mining industry, governmental agencies and consulting firms in Canada. The results of this chair will enhance our ability to sustainably design and manage critical mining structures under conditions specific to cold regions, from operation to post-closure. Professor Vincent Boulanger-Martel is receiving $600,000 in funding from the Canada Research Chairs Program, as well as $322,500 from the Canada Foundation for Innovation for the acquisition of new laboratory equipment. The Research Institute of Mines and Environment (RIME) With more than $8 million in research annually the RIME boasts an internationally-recognized team of experts, with more than fifteen specialized laboratories and a vast network of industrial test sites. Its work is carried out within the framework of projects led by several scientific groups and research chairs, fostering a collaborative, multidisciplinary approach. RIME also plays a key role in the training of highly qualified personnel, ready to meet the challenges of the mining sector and actively contribute to the sustainable development of communities. UQAT ranks first in Canada in terms of research intensity per professor among Canadian universities primarily active at the undergraduate level (RE$EARCH Infosource Inc., 2024). * Ground that remains at or below 0°C for at least two consecutive years. SOURCE Université du Québec en Abitibi-Témiscamingue (UQAT)
