Canadian Lumber Company Interfor Moves to US Amid Strong Job Gains

Canadian lumber company Interfor Corp. announced plans to relocate its corporate support functions from Burnaby, B.C. to the United States.

This move comes as the Canadian economy added a strong 75,000 new jobs in July, with the unemployment rate dropping to 6.4 per cent - its lowest level in two years and the third consecutive monthly decrease.

Meanwhile, Advanced Micro Devices Inc., a Silicon Valley-based chip giant, is acquiring Toronto-founded Taalas Inc. for an undisclosed price. This marks another instance of high-potential Canadian semiconductor startups being acquired by American companies or leaving for the United States.