A tentative deal has been reached to settle a labor dispute that has impacted over 7,000 workers at ports on Canada's west coast, which handle billions of dollars in trade each year.

The International Longshore and Warehouse Union Canada and the British Columbia Maritime Employers Association have announced that they are recommending the collective agreement to their members after successful negotiations. However, no specific details regarding the proposed settlement have been disclosed at this time.

This breakthrough comes after the union's longshore division rejected a previous settlement agreement on Friday. In response, Seamus O'Regan Jr., the federal labor minister, called on the Canada Industrial Relations Board to intervene and either impose a new collective agreement or initiate final binding arbitration. The aim was to resolve the outstanding terms and reach a mutual resolution, considering that the rejection had eliminated the possibility of further negotiations.

Throughout this labor dispute, business groups across the country have expressed concerns about the negative impact on Canada's economy and international reputation. They have urged the government to take action, including implementing back-to-work legislation if there is another strike.

The dispute primarily centers around workers responsible for loading and unloading cargo from vessels at two of Canada's busiest ports: Vancouver and Prince Rupert in British Columbia. These ports collectively facilitate approximately $270 billion worth of trade annually. Striking workers had previously halted cargo movement between July 1 and July 13, affecting port terminals and other related sites.

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