A restaurant firm with well known brands in Eastern Canada’s casual dining market is set to merge into a neighbouring firm behind the franchises populating many of Canada’s mall food courts. Montreal-based MTY Food Group announced Tuesday it has a cash-and-stock agreement in place to pick up all outstanding common shares of another Montreal firm, […] Read more
Canadian fast-food, dining firms plan merger
Farmers seen harder hit by opioid crisis than rest of rural U.S.
Chicago | Reuters — The opioid crisis in the United States is impacting farm and ranch families more acutely than their rural neighbours, according to a survey published by the American Farm Bureau Federation (AFBF) and the U.S. National Farmers Union on Thursday. About three-quarters of farmers and ranchers surveyed said a family member, someone […] Read more
OFA pre-election policy targets broader economic development
Stable rural areas and thriving farms can help urbanites with some of their biggest challenges. That’s the message from the Ontario Federation of Agriculture going into next year’s provincial election. The OFA talked about how it is framing its election strategy at its annual meeting, which ran Monday and Tuesday in Toronto. “With the election […] Read more
Canada, Mexico to rebuff U.S. over NAFTA goals
Mexico City | Reuters — Canada and Mexico will rebuff the United States over its demand for tougher NAFTA automotive content rules, top officials said on Monday as negotiations to renew the treaty bogged down with only a few months to go. U.S. President Donald Trump is threatening to quit NAFTA, which has reshaped the […] Read more
Trade talks a dicey situation, Coyne says
Winnipeg | CNS Canada — With Canada in the midst of negotiations for two different trade agreements, the North American Free Trade Agreement and Trans-Pacific Partnership, trade concerns are getting muddled, according to Andrew Coyne. “We need to be conscious of diversifying our trade interests beyond just North America. It would be extremely foolish that […] Read more
Xplornet to buy NetSet
A rural broadband provider serving over 500 Manitoba municipalities and communities is set to be absorbed into one of Canada’s biggest rural operators. Xplornet Communications announced Monday it has signed a deal to buy the internet access business of Brandon-based NetSet Communications. Financial terms of the deal for the privately-held Manitoba company weren’t disclosed, except […] Read more
Greig: Federal tax backtracks aside, much of impact still unknown
The Canadian Association of Farm Advisors’ annual tax update showcased confusion and frustration at the federal government’s shifting plan to change how small business is taxed. “I was very, very offended by all of this,” said Kurt Oelschlagel, of BDO Canada, who was part of a panel on the government changes at the CAFA event, […] Read more
Ottawa scraps plans for new limits on capital gains
The federal finance ministry has backed away from proposed plans for new limits on capital gains exemptions, over concerns of “unintended consequences” for businesses such as farms. Finance Minister Bill Morneau on Thursday announced the federal government “will not be moving forward with measures that would limit access to the LCGE (lifetime capital gains exemption),” […] Read more
NAFTA negotiators trade barbs, agree on extension
Washington | Reuters — Trade negotiators from the U.S. and Canada accused each other of sabotaging attempts to renegotiate the North American Free Trade Agreement on Tuesday, even as they and Mexico agreed to extend talks into 2018. A round of talks in Washington that lasted seven days failed to find the most basic common […] Read more
Tough U.S. NAFTA demands send ball back into lobbyists’ court
Arlington, Va. | Reuters — Lobbying efforts on the North American Free Trade Agreement faced a major test this week after the Trump administration ignored advice from U.S. business groups and pitched proposals to radically reshape NAFTA, leaving its future in doubt. The U.S. demands to force renegotiation of NAFTA every five years and reserve […] Read more