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
Farm groups line up against feds’ tax proposal
Federal Tories look east for ag critic
The federal Conservatives have tapped one of their rookie Quebec MPs as the new agriculture critic for Her Majesty’s Loyal Opposition. Andrew Scheer, elected in May as the Tories’ new leader, on Wednesday announced his first shadow cabinet with Luc Berthold, the MP for Megantic-L’Erable, as agriculture and agri-food critic and John Barlow, MP for […] Read more
Harvey’s rains sending fuel prices higher
Houston | Reuters — U.S. fuel prices surged on Monday as two more Gulf Coast refiners cut output and a third considered reductions, leaving more than 13 per cent of the country’s refining capacity offline after Tropical Storm Harvey flooded plants and shut seaports. The storm swung back over the Gulf of Mexico on Monday […] Read more
Toromont to buy Cat dealer Hewitt
Reuters — Toromont Industries said Monday it would buy privately held Hewitt Group for about $1.02 billion in cash and shares to expand its network of heavy equipment dealers in Eastern Canada. Through the deal, Concord, Ont.-based Toromont will acquire Hewitt’s 45 Caterpillar dealerships in Quebec, the Maritimes, Labrador and Ontario, increasing the number of […] Read more
Greig: Southern Ontario farmers protest high-speed rail impact
A power corridor that runs from London to Kitchener, Ont. has been a silent neighbour for many who farm in that area. But it’s looking a lot more menacing to them lately, as the likely route for a proposed high-speed rail line from London to Toronto, with stops in Kitchener-Waterloo and Guelph. Farmers in the […] Read more
Agco to ramp up Regina parts distribution
Prairie farmers using Agco equipment brands such as Massey Ferguson and Challenger can expect more types of parts to be in stock more often at the company’s Regina warehouse. The U.S. farm equipment firm’s Agco Parts arm on Friday announced a major expansion of its parts distribution centre in Regina, to be completed by early […] Read more
Mexico, Canada dismiss Trump threats to scrap NAFTA
Mexico City/Ottawa | Reuters — Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s threat to scrap NAFTA, describing it as a negotiating tactic designed to gain an advantage during talks to update one of the world’s biggest trading blocs. In comments that initially pushed Mexico’s peso currency down by more than one per […] Read more
Online livestock supply store expands reach west
An Ontario livestock nutrition firm’s venture into online retail for producers is expanding into the Prairie provinces with four pickup and ordering points in the region. Cambridge, Ont.-based GVF Group announced Thursday its Farmers Farmacy business, previously available only to producers in Ontario, the Maritime provinces and Quebec, now also serves Alberta, Saskatchewan and Manitoba. […] Read more
NAFTA negotiators hone in on origin rules, dispute settlement
Washington | Reuters — U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system. A copy of the NAFTA negotiating agenda obtained by Reuters […] Read more
U.S. takes tough lines as NAFTA negotiations begin
Washington | Reuters — The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald Trump’s top trade adviser, Robert […] Read more