Hi Tyrone,
For the sake of this discussion only logistics.
I make zero judgement on the scope of the designations, the exams, or the body of knowledge required for each.
The original poster said he was moving to Canada... In Canada the CWB has great authority, meaning that many fabricators must comply with CSA W47.1 (Certification of companies for fusion welding of steel) which in turn requires a CWB certified welding engineer to be on staff or a consultant depending on the level of plant/company certification.
See CSA W47.1 Clause 6 for Duties, Documentation, and Qualification of Welding Engineers; and Clause 5.2 for differentiation of certified companies requirements for CWB Welding Engineers.
CWB is a bureau in the true sense of the term. Unlike AWS, it is a government or provincial mandate in many cases.
But if I was moving to Canada and had a Masters level education whilst looking for a post, I would explore CWB requirements fully prior to investing time and resources into American or European designations.