Canada

B.C.’s forestry sector is awaiting the results of a U.S. Commerce Department investigation into the imports of wood products, which could impose further tariffs on the beleaguered industry.

It comes months after U.S. President Donald Trump launched a Section 232 investigation into whether importing timber, lumber and derivative products could pose a national security threat to the U.S.

The prospect of further tariffs on B.C.’s softwood lumber industry in particular — which is already dealing with a high 35 per cent duty imposed by the U.S. — could mean even more mill closures and job losses, experts say.

Based on what we know, most counter-tariffs affecting food, food manufacturing, and retail will be rolled back on September 1. This is welcome news.

WASHINGTON, D.C. — Residents in Gold Canyon, Arizona, enjoy stunning views of desert landscapes and panoramic vistas — especially the majestic Superstition Mountains — which is why it’s a highly sought-after area for vacation homes.

In the past, it has been a prime target for Canadians seeking warm retirement or seasonal homes, but not anymore.

Why?

With retaliatory tariffs removed, a look at items that will be cheaper for Canadians

A new chapter in the trade dispute with the United States opened this week when Prime Minister Mark Carney announced that retaliatory tariffs on some U.S. exports included in the existing Canada-U.S. trade deal would be rescinded.

“I think this is a positive step because we had the U.S. ambassador last week saying this was a major impediment to making any progress … that Canada had retaliatory tariffs on some goods that were actually covered under the existing trade agreement,” financial analyst Michael Campbell told Global News.

Maybe a little but not much.