Ottawa/Brussels | Reuters — The European Union has convinced Canada to include a new way of settling investor claims in their trade deal, making it more likely that it will be passed and putting the U.S. under pressure to accept the same terms. The two sides wrapped up negotiations on the Comprehensive Economic and Trade […] Read more
Canada, EU finally settle trade deal after opposition
Spring road bans to slow grain movement across Prairies
CNS Canada –– Spring road bans are starting to be put into place across Western Canada as temperatures warm up in the Prairie provinces. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads can cause during the spring thaw period. Grain and […] Read more
Transport review urges scrapping railway grain revenue cap
Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended Thursday, a move long urged by railways and opposed by farmers and grain handlers. A review of Canadian transportation laws, aimed at modernizing the system, […] Read more
Prairie farmers seek answers to the $6.5 billion question
CNS Canada –– The Canadian Wheat Board single desk has now been gone for 3 1/2 years, but there are still some in the Prairie farming community who would like to see it brought back. Whether that’s actually possible is a question for another time — but the data being used to make the case […] Read more
PBR breach to cost Saskatchewan seed grower $150K
A Saskatchewan seed grower will pay $150,000 to SeCan — the largest penalty in the seed company’s history — for breaching SeCan’s plant breeders rights (PBR). Harvey Marcil of Pasqua Farms near Moose Jaw, Sask., has also agreed to stop making unauthorized seed sales and was expelled from SeCan’s membership, Todd Hyra, SeCan’s business manager […] Read more
Agrium’s forecast disappoints
Reuters — Canadian fertilizer and ag retailer Agrium has joined rival PotashCorp in forecasting a weaker-than-expected 2016 profit, as prices for crop nutrients remain weak. Agrium’s Toronto-listed shares fell as much as 5.2 per cent to $110.89, its lowest in a year, as investors ignored a better-than-expected quarterly profit. The company, which sells seed, fertilizers […] Read more
Saskatchewan expects mainly below-normal spring runoff
Barring any weather surprises, most of Saskatchewan outside of east-central regions can expect below-normal runoff this spring. The province’s Water Security Agency on Tuesday released a preliminary outlook which, based on a “warmer- and drier-than-normal winter” and a resulting snowpack below normal levels, points to below-normal spring runoff. Exceptions include parts of the east-central region, […] Read more
Canada signs Trans-Pacific Partnership
Trade ministers from the 12 countries in the Trans-Pacific Partnership have signed their trade agreement, committing them to take the deal to their home governments for review and/or approval. The deal, which Trade Minister Chrystia Freeland signed on Canada’s behalf on Thursday in Auckland, New Zealand, is expected to see tariffs on Canadian products in […] Read more
Baltic index slips to fresh low, demand concerns persist
Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low Tuesday on worries about vessel oversupply and slowing global demand. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, fell four points or […] Read more
Potential for fewer flax acres seen this year
CNS Canada — While area seeded to flax in Canada has been increasing over the past four years, that upward momentum may halt in 2016-17. Flax’s cost of production is higher than many of its rivals and the growing lustre of pulse crops could cut into some acres, according to one industry watcher. “It’s too […] Read more
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