Ottawa | Reuters — Canada is sticking to its keep-calm strategy as U.S. President Donald Trump ramps up trade war rhetoric, convinced that no move is the best move for the country with the most to lose, but critics say it risks being a soft target if its strategy fails. While the European Union immediately […] Read more
Canada sticks to measured tack in U.S. trade row
Glacier FarmMedia launches Farmtario
Canada’s largest publisher of farm magazines and newspapers has cultivated a new source of news for farmers in Ontario. Launched Wednesday at the London Farm Show, Farmtario will be a biweekly print publication starting April 30. Its website, Farmtario.com, is available immediately. “We see a bright future for Ontario agriculture and we’re proud to announce […] Read more
U.S. pushes NAFTA talks pace, warns of political headwinds
Mexico City | Reuters — Mexican and U.S. officials pushed on Monday to speed up NAFTA negotiations, with the U.S. floating the idea of reaching an agreement “in principle” in coming weeks to avoid political headwinds later this year. U.S. Trade Representative Robert Lighthizer, showing impatience at the slow pace of the talks, said Mexico’s […] Read more
Steel shock drives wedge into sluggish NAFTA talks
Mexico City | Reuters — Negotiators trying to rework the NAFTA trade deal on Thursday were hit by the prospect of a battle over U.S. steel tariffs that could make it more complicated to build autos in North America, one of the most sensitive issues at the talks. U.S. President Donald Trump said he would […] Read more
New rules on passive investment arrive in budget
It’s got no new nuggets specifically for crop or livestock producers, but Tuesday’s federal budget includes the end results of last year’s consultations — and backlash — on corporate taxation. Finance Minister Bill Morneau’s 2018 budget proposes a couple of new limits on Canadian-controlled private corporations’ (CCPC) ability to benefit from a lower tax rate […] Read more
Saskatchewan pulls sales tax off farm insurance
Saskatchewan’s provincial government has reinstated a provincial sales tax (PST) exemption for agriculture, health and life insurance premiums. Premier Scott Moe on Monday announced the exemption will take effect retroactive to Aug. 1 last year, when the PST was first applied to insurance. The province said the exemption will include PST on premiums paid for […] Read more
Amid fresh Trump tension, negotiators seek NAFTA progress
Mexico City | Reuters — U.S., Mexican and Canadian negotiators met on Monday seeking to narrow disagreements on how to overhaul the NAFTA trade deal despite renewed signs of tension between Mexico and U.S. President Donald Trump over his planned border wall. The trade teams began a seventh round of talks on Sunday aiming to […] Read more
Final version of Trans-Pacific trade deal released
Wellington/Sydney | Reuters — The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the U.S. More than 20 provisions have been suspended or changed in the final […] Read more
WTO should prepare for life without U.S., ex-chief Lamy says
Geneva | Reuters — World Trade Organization countries need to prepare for a future without the United States as a member of the club, former WTO chief Pascal Lamy said on Monday. The U.S. has thrown the WTO into crisis by blocking the appointment of new judges, undermining its dispute settlement system just as it […] Read more
Canada to seek Mercosur trade pact amid NAFTA uncertainty
Ottawa | Reuters — The Canadian government plans to open free trade talks with the four-nation Mercosur trading bloc in South America, an official said on Friday, at a time when the future of NAFTA is facing increasing uncertainty. Canada sends around 75 per cent of its goods exports to the U.S. and is looking […] Read more