Tag Archives: economic

Years after political uprising, Sri Lankans struggle to unite behind a new candidate

Two years ago, tens of thousands of Sri Lankans rose up against their president, forcing him to flee the country. As the country prepares for its first elections since then, many say they are still waiting for change. When Sri Lanka descended into economic collapse in 2022, people from different walks of life mobilized to change a long-established government they …

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Trump or Harris: Canada will work well with both, says US ambassador

Canada’s ambassador to the United States said Tuesday that the country will work well with whoever wins the presidential election in November. He said Canada is prepared for any eventuality thanks to the government’s “Team Canada” approach, which involves constant consultation with a bipartisan group of U.S. federal, state and local officials. Kirsten Hillman spoke to reporters at the Liberal …

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US nearly doubles import duties on Canadian softwood lumber

The US dramatically increases tariffs on softwood lumber from Canada, setting the rate at 14.54 percent. The previous tariff was 8.05 percent. The new rate was shared with trade groups and government officials on Tuesday, but was not immediately published in the U.S. Federal Register. Mary Ng, Minister of Export Promotion, International Trade and Economic Development, called the increase disappointing …

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