One of Eastern Canada’s major players in the grocery sector is in “advanced discussions” to take up one of the region’s major drugstore chains. Montreal-based Metro Inc. announced Tuesday it’s in “exclusive” talks with the Jean Coutu Group on the possibilities of a cash-and-stock takeover valued in some reports at around $4.5 billion. A non-binding […] Read more
Metro in ‘advanced’ talks to buy Jean Coutu chain
Top U.S. NAFTA negotiator sees no problem with pace of talks
Ottawa | Reuters — The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.” Officials from the U.S., Mexico and Canada are in Ottawa for the third of […] Read more
Manitoba NDP names new ag critic
Manitoba’s former education minister has been pressed into service as the new agriculture critic for the provincial legislature’s official opposition. Wab Kinew, who was elected Saturday as the leader of the opposition New Democrats, on Thursday named James Allum, the MLA for the Winnipeg riding of Fort Garry-Riverview, as the critic for agriculture. Allum will […] Read more
Taking aim at food waste, companies plan simplified expiration labels
New York | Thomson Reuters Foundation — Some of the world’s largest consumer goods companies, including Kellogg and Wal-Mart, said on Wednesday they will simplify food expiration labels in an effort to eliminate confusion that contributes to food waste. Standardized labeling will use a single expiration date on perishable items and a single quality indicator […] Read more
U.S. wants NAFTA five-year sunset provision
Washington | Reuters — U.S. Commerce Secretary Wilbur Ross said Thursday that the United States was seeking to add a five-year sunset provision to the North American Free Trade Agreement to provide a regular, “systematic re-examination” of the trade pact. Ross told a forum hosted by Politico that both he and U.S. Trade Representative Robert […] Read more
Irma whips orange trees, shuts meat plants
Chicago | Reuters — Hurricane Irma stripped oranges from trees and prompted Tyson Foods to shut meat plants in Florida and Georgia on Monday to keep workers safe. Tyson, the biggest U.S. meat company, hopes to resume normal operations soon at chicken plants it shuttered in Cumming, Dawson and Vienna, Ga., and at a beef […] Read more
NAFTA ministers claim progress in talks
Mexico City | Reuters — Trade Ministers from Canada, Mexico and the United States on Tuesday said they made progress in weekend talks to update the NAFTA trade pact, consolidating language for some proposals and reaffirming their commitment to complete negotiations toward the end of 2017. A trilateral statement issued by U.S. Trade Representative Robert […] Read more
Sharp differences over labour surface at NAFTA trade talks
Mexico City | Reuters — Tensions over sharp differences in pay between Mexican workers and their Canadian and U.S. counterparts surfaced on Sunday as negotiators discussed labour market rules in talks to overhaul the North American Free Trade Agreement. Canada’s biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labour […] Read more
Farm groups line up against feds’ tax proposal
National, regional and sector farm groups are forming up with several major business associations on the offensive against a proposal to reform how incorporated businesses are taxed in Canada. The federal finance department tabled a series of proposals July 18, opening them for public comment until Oct. 2 for a proposed effective date of Jan. […] Read more
NAFTA talks resume in Mexico City
Mexico City | Reuters — Trade negotiators from Canada and the U.S. gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. President Donald Trump’s persistent threats to pull out. Teams from the three countries were due to kick off a second […] Read more
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