Washington | Reuters — President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests — but not the key Democrats who helped secure congressional passage of the deal. Trump, on trial in the U.S. Senate on charges of abusing power […] Read more
Trump signs CUSMA pact
Canada's ratification still to come
Tim Hortons pulls Beyond Meat products from Ontario, B.C.
Reuters — Restaurant Brands International’s Tim Hortons said on Tuesday it has removed Beyond Meat’s products from its coffee and donut shops in Ontario and British Columbia. This comes after the coffee and breakfast chain cut Beyond Meat’s burgers and sandwiches from its menu in September from all of Canada except the two provinces. “We […] Read more
Canada, EU, China, others agree on temporary fix to WTO crisis
Brussels/Davos | Reuters — Canada, the European Union, China and 14 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting as the umpire of global trade. The Canadian government and the European Commission said separately that […] Read more
Pulse weekly outlook: Uncertainty pervades markets
MarketsFarm — The price spread between green and yellow peas continues to widen in Western Canada, but whether or not that trend will continue remains to be seen. Numerous outside factors lend a general air of uncertainty to the pulse market, according to a pulse trader. Green peas typically trade at a premium to yellow […] Read more
Trudeau wants CUSMA deal ratified quickly
Winnipeg | Reuters — Canadian Prime Minister Justin Trudeau on Tuesday urged legislators to quickly approve a new continental trade pact but the main opposition party said it wanted to study the deal, indicating the ratification process could drag on. Canada is the only one of the three signatories not to have formally blessed the […] Read more
U.S. Senate passes CUSMA trade deal
Washington | Reuters — The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation for the U.S.-Mexico-Canada Agreement (CUSMA) passed on an 89-10 bipartisan vote, sending the […] Read more
Subway, McDonald’s expand Beyond Meat rollouts in Canada
Major fast-food chains McDonald’s and Subway are both expanding their rollouts of plant-based Beyond Meat products in Canada, beyond the range of their initial tests. McDonald’s Canada announced Wednesday it will expand the test marketing of its “P.L.T.” burger from its 28 stores in London, Ont. to also include 52 in Kitchener-Waterloo, Guelph and surrounding […] Read more
Deere bets on cost cuts, services push to boost profits
Chicago | Reuters — Deere and Co. on Wednesday said it will cut costs and ramp up investment in data-driven agriculture technology and its services business to make itself more profitable. In a pitch to investors, CEO John May said the measures are expected to boost operating profit margin to 15 per cent by 2022 […] Read more
U.S.-China deal should secure Canadians’ release, Trudeau says
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau said on Thursday that the U.S. government should not finalize a trade deal with China unless the pact also secured the release of two Canadians detained by Beijing. The two men were picked up separately in December 2018, shortly after police in Vancouver held Huawei Technologies […] Read more
U.S. House passes CUSMA
Washington | Reuters — The U.S. House of Representatives on Thursday backed a new trade agreement with neighbouring Mexico and Canada in a 385-41 bipartisan vote, sending the NAFTA replacement measure to the Senate for consideration early in 2020. Democrats, who control the House, approved the United States-Mexico-Canada Agreement (CUSMA) more than a year after […] Read more
Cyber-Savvy Farmer
