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Cannabis confiscation at Canadian border increased in weeks after legalization

The number of cannabis confiscations at the Canadian border increased more than 60 per cent year-over-year in the first six weeks after pot legalization, new statistics show. The Canada Border Services Agency is linking the rise to the fact it began asking people last fall whether they were bringing cannabis into the country. The border agency says there were 329 ... Read More »

Canada, China free trade deal taking shape

OTTAWA: China and Canada have broadly agreed what should be included in a future free trade agreement, after a third round of “exploratory” talks. The two nations held intensive five-day negotiations in Beijing between July 31 and August 4. Both sides exchanged views on the joint feasibility study report and each other’s expectation on the future free trade agreement, and ... Read More »

Canada, Ukraine launch free trade deal with expectations

OTTAWA: The Canada-Ukraine Free Trade Agreement (CUFTA) came into force on Tuesday with expectations that it will boost bilateral trade as well as increase investment and create new jobs in Ukraine. The CUFTA immediately eliminates tariffs on 98 percent of Ukraine’s exports. The east European country’s export-oriented sectors such as agriculture, chemical, metallurgy and machine-building industries are expected to benefit ... Read More »

Canada, Mercosur eye renewed trade talks

OTTAWA: Canada and the South American trading bloc Mercosur have recently resumed preparations for potentially negotiating a future trade agreement, officials say, nearly five years after exploratory talks were held between them. These efforts were restarted after a technical working meeting was held between Canadian and Mercosur officials in Palacio San Martín of the Argentine Foreign Ministry, according to a ... Read More »

Canada, Bakken light oil jump as supply cut meets demand surge

CALGARY: Prices for light crude surged in Canada and the northern U.S. after an oil-sands upgrader shut for maintenance because of a fire and reduced supply caused by preparations to place the Dakota Access pipeline into service. Futures for the light “synthetic crude” produced from oil sands operations in Canada, jumped $1.45 to $4.70/bbl Monday compared to the WTI benchmark. ... Read More »

Hong Kong signs AEOI pacts with Belgium, Canada, Guernsey, Italy, Mexico and Netherlands

HONG KONG: Hong Kong signed treaties with six countries on March 16 for the automatic exchange of financial account information (AEOI) in tax matters. Belgium, Canada, Guernsey, Italy, Mexico, and the Netherlands, signed the agreements with Hong Kong, which are designed to prevent tax evasion and avoidance. “We have been seeking to expand Hong Kong’s AEOI network with our tax ... Read More »

Canada, Malaysia bilateral trade growing

OTTAWA: Bilateral trade between Canada and Malaysia is growing said Canada’s High Commissioner to Malaysia Judith St George. She said trade has been growing modestly in the last couple of years and was largely favouring Malaysia by 3:1. “Trade amounted to almost to RM11 billion in 2016,” she said during a press briefing at G Hotel Kelawai today. She said ... Read More »

Mexican port growth outpaces US, Canada

WASHINGTON: Cargo volumes through Mexican ports increased by 5.5 percent in 2016, outpacing its two North American Free Trade Agreement counterparts, despite the weakening peso, gas price hikes ,and transportation-link blockades. Yet the year ahead may be even more difficult for Mexico, given the uncertainty over its trade with the United States, and will likely be far tougher than for ... Read More »

Canada Provides Record-Breaking Amount of U.S. Oil Imports in 2015

OTTAWA: Canada provided 4 out of 10 barrels of crude oil imported into the U.S. in 2015, marking its highest share and amount of imports on record, according to data released by the U.S. Energy Information Administration on Tuesday. Last year, U.S. gross crude oil imports from all sources averaged 7.4 million barrels per day, according to the EIA. The ... Read More »

Volkswagen halts sales of Audi, VW 3.0-litre diesels in US, Canada

DETROIT: Volkswagen is temporarily halting sales of more diesel vehicles in the U.S. and Canada after regulators said they cheated on emissions tests. The action covers vehicles with 3.0-litre V6 diesel engines, including the 2013 Audi Q7, the 2014-2015 Audi A6, A7, A8, Q5 and Q7 and the 2013-2016 Volkswagen Touareg. Porsche has also halted sales of its 2014-2016 diesel ... Read More »

Kraft Heinz to close 7 factories in U.S., Canada, cut 2,600 jobs

IOWA CITY: Kraft Heinz says it will close seven factories in the U.S. and Canada over the next two years as part of a downsizing that will shed 2,600 jobs. The company announced Wednesday it will close manufacturing facilities in Fullerton and San Leandro, California; Federalsburg, Maryland; St. Marys, Ontario, Canada; Campbell, New York; Lehigh Valley, Pennsylvania; and Madison, Wisconsin. ... Read More »

Canada, Mexico seek concessions on auto rules at TPP talks

OTTAWA: Canada and Mexico are looking for a compromise on auto-sector rules in Pacific Rim trade talks as they try to bridge differences with Japan over a major obstacle to a deal, seeking changes that would boost the proposed pact’s domestic-content requirements for the most sophisticated of car parts. In Canada’s case, were it to succeed, this would mean under ... Read More »

Japan lifts US, Canada poultry imports ban after bird flu

TOKYO: Japan’s Farm Ministry partiality lifted a ban on imports of live poultry and poultry meat from the United States and Canada following an outbreak of bird flu. Imports from the eight U.S. states of Oregon, Washington, Idaho, California, Kansas, Arkansas, Montana and Indiana, and Canadian Province of British Columbia will resume after restrictions were imposed for up to nearly ... Read More »

U.S., Mexico, Canada trade agreement large appeals for San Antonio

NEW YORK: U.S. President George H.W. Bush and Mexico President Carlos Salinas de Gortari issued a statement suggesting a new trade agreement, city leaders almost instantly knew they wanted San Antonio to be “NAFTA City.”Negotiations for the North American Free Trade Agreement began a year later, and San Antonio Mayor Nelson Wolff began lobbying, mainly with Salinas, to have the ... Read More »

Kraft Heinz to cut 2500 jobs in US, Canada

TORONTO: Kraft Heinz Co said it will cut 2,500 jobs in the United States and Canada as part of its cost cutting initiatives following the creation of the company through the $46-billion merger of ketchup maker H.J. Heinz with Kraft Foods. Of the total job cuts, 700 will be in Kraft Heinz’s Northfield, Illinois headquarters, spokesman Michael Mullen in an ... Read More »

Canada to invest $22.7m in Arctic shipping safety

TORONTO: Canadian authorities on Friday committed $22.7 million to improving the safety of shipping in the Arctic. Various branches of the state will be beneficiaries of the sum, to be dispersed over a five-year period. Fisheries and Oceans Canada’s Canadian Hydrographic Service will acquire and install four state-of-the-art multibeam sonar systems aboard Canadian Coast Guard (CCG) icebreakers to help boost ... Read More »

Electricity trade rises between US, Canada, boosting reliability

Dive Brief: Electricity trade between the United States and Canada is helping to boost reliability and affordability, according to the U.S. Energy Information Administration, though the actual volumes moving between the two countries remain relatively small. More than 30 transmission links exist between Canada and the United States, primarily located in the Pacific Northwest and New England. According to EIA ... Read More »

Acer Liquid M220 is available in Microsoft Store in US, Canada, and Russia

LONDON: Acer is back on Microsoft’s Windows Phone platform after the company introduced the Liquid M220 smartphone today. As we have become used to, the handset is a modest device that runs Windows Phone 8.1, but arguably the most interesting thing is that Acer confirmed the Liquid M220 will be upgradeable to Windows 10 Mobile when the software lands this ... Read More »

Canada, US working to keep borders secure, enhance trade

BISMARCK: Michael Flaherty, senior trade commissioner for the Canadian Consulate, discussed the trade relationship between Canada and the United States as well as the “Beyond the Borders Initiative” during the Central North American Trade Corridor Association annual summit held in late May in Bismarck. Flaherty opened his presentation at the BSC National Energy Center of Excellence by expressing exactly how ... Read More »

Canada, Mexico seek to impose $3b sanctions against US over meat import laws

OTTAWA: Canada and Mexico have said that they will seek retaliatory sanctions against the U.S. over contentious meat labeling laws. In this photo, Clayton Colliou, a meat cutter at Bon Ton Meat Market, cuts choice cuts of Alberta beef in Calgary, Alberta on Oct 3, 2012. Canada and Mexico said that they will seek authorization from the World Trade Organization ... Read More »