Calgary | Reuters — The Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it. U.S. President Donald Trump withdrew from the 12-nation TPP on Monday, following through on an election promise days after his inauguration. “This agreement was so […] Read more
Canada says TPP trade deal dead without U.S.
DuPont expects Dow merger to close later than expected
Reuters — Chemicals and seeds producer DuPont indicated on Tuesday that its $130 billion merger with Dow Chemical will take longer to wrap up than previously expected as the companies await regulatory approvals. This is the second time that the two companies, which are in talks with the European Union’s antitrust regulators, have had to […] Read more
Loonie value will determine 2017 ag outlook
FCC’s chief agricultural economist says a low Canadian dollar is expected to continue to benefit the sector
Reading Time: 2 minutes A low loonie is likely to continue to benefit Canadian farmers through 2017. That’s according to J.P. Gervais, Farm Credit Canada’s chief agricultural economist, who added that will be the continuation of a trend seen throughout 2016. “There are certainly other factors that could influence Canadian agriculture, such as the global economy, the investment landscape, […] Read more
ChemChina seeks U.S. antitrust approval for Syngenta deal
Beijing | Reuters –– China National Chemical Corp., or ChemChina, said Friday it has sought the U.S. antitrust regulator’s approval for its planned US$43 billion acquisition of Swiss crop protection and seed group Syngenta. “We have filed an HSR Act with the FTC after good communications with the case team. We believe the U.S. anti-trust […] Read more
P+H to expand Alberta ag retail reach
Grain company Parrish and Heimbecker plans to expand its crop input retail space into east-central Alberta by buying four store sites in a federally-mandated sale. The privately-held Winnipeg firm on Monday announced it has reached an agreement with Agrium’s retail arm, Crop Production Services, to buy the sites at Sedgewick, Wainwright, St. Paul and Marwayne. […] Read more
Trump to name ex-Georgia governor as ag secretary
Washington | Reuters — U.S. President-elect Donald Trump will name former Georgia Governor Sonny Perdue as his nominee for secretary of agriculture on Thursday, a senior transition official saidn Wednesday. Perdue, 70, served on Trump’s agricultural advisory committee during his presidential campaign. His nomination, which must be confirmed by the Republican-led Senate, will complete Trump’s […] Read more
Bayer, Monsanto confirm spending plans after meeting Trump
Frankfurt | Reuters –– Bayer and Monsanto said Tuesday they would spend at least half of their agriculture research and development budget in the U.S. over the next six years, following a meeting with U.S. president-elect Donald Trump last week. The two companies, which are awaiting approval of their agreed US$66 billion deal from Trump’s […] Read more
Syngenta sees no sale of ChemChina’s Adama to smooth merger
Davos, Switzerland | Reuters –– Syngenta, the Swiss pesticides and seeds group being taken over by ChemChina, does not expect antitrust regulators to force the Chinese state-owned company to put its subsidiary Adama up for sale, Syngenta’s CEO said on Tuesday. “Adama will not need to be sold. There will be some remedies in both […] Read more
Xplornet buying YourLink
One of Canada’s biggest providers of rural broadband is set to expand its space in the Saskatchewan market by buying rural high-speed wireless provider YourLink. New Brunswick-based Xplornet Communications on Monday announced an all-cash $28.75 million deal with Victoria-based Vecima Networks for the “remaining assets” of Vecima’s YourLink business. YourLink, based in Saskatoon, is a […] Read more
More bovine TB quarantines still expected
Tracking an outbreak of bovine tuberculosis through southeastern Alberta and southwestern Saskatchewan is still expected to lead to more quarantines of more Prairie cattle ranches, though no new controls have been imposed since before Christmas. As of Wednesday, the Canadian Food Inspection Agency reported no new cases of bovine TB in its investigation, beyond the […] Read more
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