Washington | Reuters –– U.S. President Donald Trump said on Wednesday he would be open to a bilateral trade pact with Canada if a deal cannot be reached with Mexico to substantially revise the North American Free Trade Agreement. Asked by a reporter if he could envision maintaining free trade with Canada if NAFTA talks […] Read more
Trump says U.S.-Canada trade deal possible, excluding Mexico
Farmers Edge expands satellite imagery offering
Farmers Edge says it’s making satellite imagery a practical and affordable agronomic tool for farmers through a new strategic partnership with Planet, the company with the largest fleet of Earth-imaging satellites. “We think this will be game-changing,” Farmers Edge president and CEO Wade Barnes said in an interview Oct. 3. “I think it’s going to […] Read more
Trudeau to tell Trump: We’re not your problem at NAFTA
Ottawa | Reuters — When Canadian Prime Minister Justin Trudeau meets President Donald Trump on Wednesday, he will try to persuade the U.S. leader to focus on Mexico as a source of potential problems at talks to update NAFTA. Although Trudeau officials were confident Trump would mostly target Mexico as the three nations started to […] Read more
Britain reported looking to NAFTA if Brexit deal fails
London | Reuters — Britain could join a formal trade alliance with the United States, Canada and Mexico if the European Union refuses to clinch a post-Brexit trade deal, the Daily Telegraph newspaper reported on Tuesday. The newspaper said British ministers were looking at joining the North American Free Trade Agreement (NAFTA) as part of […] Read more
K+S to pool salt, potash units amid overhaul
Berlin | Reuters — German minerals miner K+S plans to integrate its salt and potash units as part of a strategic overhaul, it said on Monday as it set itself a new profit target for 2030. K+S, the world’s largest salt producer and the fifth-largest seller of potash, is grappling with a slow recovery in […] Read more
B.C. Greens seek limits on foreign ownership of farmland
The party holding the balance of power in British Columbia’s legislature wants to curb foreign ownership of farmland in the province’s Agricultural Land Reserve (ALR). Green Party leader Andrew Weaver on Thursday introduced the Property Law Amendment Act as a private member’s bill, which he said “would prohibit foreign entities from purchasing ALR land over […] Read more
Consultations close on tax planning proposals
Calls from farm groups and federal opposition politicians for further consultations on a proposed overhaul of the private corporation tax system have been shut down in the House of Commons. A motion Tuesday from Ontario Tory MP Pierre Poilievre, vice-chair of the Commons finance committee, calling for consultations to continue beyond their Monday deadline through […] Read more
Metro to buy Jean Coutu to stave off looming risks
Toronto | Reuters — Metro Inc., Canada’s third-biggest food retailer, on Monday agreed to buy pharmacy chain Jean Coutu Group for $4.5 billion in cash and stock, paying what analysts said was a “steep” premium to protect against risks facing the retail sector. The deal comes at time when global retail giants like Amazon.com, Wal-Mart […] Read more
Metro in ‘advanced’ talks to buy Jean Coutu chain
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
China delays deadline for implementing food import rules
Beijing | Reuters — China plans to delay a deadline for implementing new food import regulations by two years until October 2019, a senior EU official said on Tuesday, following a lobbying effort by Europe and the U.S. amid concerns about disruption to trade. The extension comes just days before the new rules, which are […] Read more