Saskatchewan Trade Minister Jeremy Harrison says steel products from other countries are being dumped into Canada, at non-competitive rates. He says its coming mostly from state-owned companies in Asia. Harrison says the dumping is the result of the U-S government’s 25 per cent steel tariffs, and he says it is having a major impact on domestic manufacturers. Harrison says they’ve been working with the federal government to address the matter and protect Saskatchewan jobs. He says the federal government has announced a safeguard consultation period, but more action is needed. EVRAZ Regina is the largest steel company in western Canada making steel plate and coil, small and large diameter pipe, and oil and gas well tubing for the energy sector. EVRAZ Regina can employ more than a thousand people. (ckrm)
Steel Dumping Thanks to American Tariffs
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”