Changes to federal tax law that were meant to block “multiplication” of the small business deduction for corporations won’t apply to farmers’ sales to co-operatives. The federal government on Friday released draft amendments to the Income Tax Act, which would allow qualifying farmers and fishers selling to agricultural and fisheries co-operatives to be eligible for […] Read more
Farm sales to co-ops to count for small business deduction
Sobeys, Safeway parent seeks cost-cutting ‘leverage’
Empire Co., the parent firm for about 1,500 grocery stores across Canada, plans to restructure from a regional to a “largely national” operation cutting $500 million in annual costs by the end of 2020. Nova Scotia-based Empire — whose stores operate under brands including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s — on […] Read more
Towns evacuated as heavy rains pelt Eastern Canada
Toronto/Ottawa | Reuters — Torrential rains lashed parts of central and Eastern Canada on Friday, causing flooding, flight delays and traffic disruptions, and the prime minister said the federal government was ready to provide help if necessary. The provinces of Ontario and Quebec have been dealing with the fallout of heavy spring rainfall this week, […] Read more
U.S. farm groups pile on Canada as Trump eyes trade fairness
Winnipeg | Reuters — U.S. President Donald Trump’s criticism of the protected Canadian dairy system has emboldened U.S. farm groups to tackle other longstanding agriculture irritants, as the countries move toward rewriting trade rules. U.S. poultry exporters, who include Tyson Foods and Pilgrims Pride Corp., as well as egg sellers, are expected to seek greater […] Read more
Quebec flooding forces hundreds from homes
Montreal | Reuters — Flooding in towns across Quebec has forced hundreds of residents from their homes, and public security officials fear water levels will rise further with forecasters expecting rain Friday, local media reported on Wednesday. Heavy rains early this week have flooded towns in several areas across the predominately French-language province, including two […] Read more
Weather, ‘economic challenges’ drag on A+W sales
Canadian burger chain A+W cites “poor winter weather” in most regions and “economic challenges” in its Alberta and Saskatchewan markets for flat sales in its first quarter. The Vancouver-based burger and root beer chain on Tuesday booked total sales of $245.16 million for the quarter ending March 26, up 0.6 per cent from $243.8 million […] Read more
Pacific trade pact nations meet to discuss future without U.S.
Ottawa | Reuters — Negotiators from the remaining members of the Trans-Pacific Partnership (TPP) gathered in Canada on Tuesday seeking ways to boost free trade in the region after the U.S. pulled out of the 12-nation pact. The withdrawal killed off years of negotiations and left the region looking for ways to deepen economic ties […] Read more
Ontario budget seeks tax flexibility for on-farm processing
The Ontario government has balanced its budget for the first time in since 2008 — but Thursday’s budget contained little news for agriculture and rural Ontario. Finance Minister Charles Sousa’s budget mostly highlighted agriculture programs that had already been announced, and maintains $100 million in funding for the provincial Risk Management Program, which helps offsets […] Read more
Trump tells Canada, Mexico he won’t terminate NAFTA treaty yet
Washington | Reuters — U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers […] Read more
White House readies order to quit NAFTA
Washington | Reuters — The White House is considering a draft executive order to withdraw the U.S. from the North American Free Trade Agreement, a senior Trump administration official said on Wednesday. It was unclear whether the order would be enacted by President Donald Trump, who has vowed to pull out from the U.S./Mexico/Canada trade […] Read more
Cyber-Savvy Farmer
