UPDATED/CORRECTED, Aug. 17 — Winnipeg grain company Parrish and Heimbecker has plans to double its grain handle out of northwestern Manitoba with a new elevator and crop input centre. The company announced Aug. 1 it will put up a new facility in the RM of Gilbert Plains, with 25,000 to 30,000 tonnes of storage capacity […] Read more
P+H to double down on northwestern Manitoba grain
Quebec offers aid to lessen brunt of U.S. tariffs
Montreal | Reuters — The Quebec government on Wednesday said it would spend $863 million over five years to mitigate the impact of U.S. tariffs on companies and the province’s agriculture sector. The plan would provide direct financial aid to some companies affected by the tariffs and would support investments to improve productivity, worker training […] Read more
CNH Industrial improves guidance after strong Q2, shares up 10 pct
Milan | Reuters (July 26, 2018) – Truck and tractor maker CNH Industrial raised its full-year guidance on Tuesday after better-than-expected quarterly earnings, sparking a more than 10 percent rally in its shares. Milan-listed shares closed 10.6 percent higher at 9.93 euros, making it the best performer on the city’s blue-chip index, which ended the session […] Read more
CP conductors, engineers ratify four-year deal
Conductors and engineers for Canadian Pacific Railway have voted for labour peace following a 33-hour strike in late May. CP’s 3,100-odd conductors and engineers, represented by the Teamsters Canada Rail Conference (TCRC), announced July 20 they have voted to ratify a four-year agreement. Almost 63 per cent of eligible employees cast electronic ballots in the […] Read more
Dwindling diesel supplies could boost price
CNS Canada — Strong global demand and a looming North American harvest could send diesel prices higher in coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. “We’re telling our people to hedge some of your exposure, because we do think that, barring […] Read more
Ag in Motion sets single-day record
Glacier FarmMedia’s outdoor farm show Ag in Motion has wrapped its 2018 edition and booked a single-day record for attendance. The show, held July 17-19 near Langham, Sask., northwest of Saskatoon, reported three-day attendance of 30,355, including record attendance of 11,425 on the Wednesday. That single-day gate included more attendees than the three-day total for […] Read more
Michelin to buy ag track maker Camso
The Michelin Man is set to take on much more field work with a US$1.45 billion deal for Quebec off-the-road track and tire manufacturer Camso. The deal, pending regulatory approval, calls for France’s Michelin to combine its off-the-road (OTR) business with Camso in a new division. “By joining forces with Camso, Michelin will create the […] Read more
Crude oil and canola part company, for now
CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. […] Read more
CP’s signal maintainers ratify three-year deal
Signal and communications employees with Canadian Pacific Railway (CP) have voted to accept a tentative three-year deal that helped end a 33-hour work stoppage in late May. CP and the International Brotherhood of Electrical Workers (IBEW) System Council No. 11, which represents 360 CP signal maintainers, announced Friday the union’s CP members had voted 78 […] Read more
Proposed deal ‘fallen apart’ for Hudson Bay Railway
An acquisition deal-in-principle for northern Manitoba’s Hudson Bay Railway appears to have collapsed and the line’s current owners warn the railway may now be down for yet another shipping season. Hudson Bay Railway (HBR), a subsidiary of Colorado-based shortline operator OnmiTrax, announced Tuesday “it now appears that this transaction has fallen apart.” The proposed sale […] Read more
