Ottawa | Reuters — Canada’s two main opposition parties on Wednesday suggested they could move to delay ratification of a new continental trade pact, accusing the Liberal government of botching revisions to the treaty. Such a move would embarrass Prime Minister Justin Trudeau, who has vowed that Parliament will quickly approve the U.S.-Mexico-Canada Agreement (CUSMA). […] Read more
Opposition MPs could delay CUSMA deal’s ratification
Nestle sells U.S. ice cream brands to Froneri
Zurich | Reuters — Nestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal valued at US$4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016. Froneri was created after Nestle merged its European ice cream business in 20 countries […] Read more
Klassen: Feeder cattle market under weight of imports
Compared to last week, western Canadian feeder cattle markets traded $5 lower to $2 higher. It’s that time of year when most feedlots are carrying sufficient numbers and buyers are hesitant to increase ownership unless they can see profitability. Auction market volumes contained weaned and unweaned calves over the past week; premiums returned for feeders […] Read more
Freeland, U.S. and Mexican officials to meet to pin down trade deal
Washington/Mexico City | Reuters — The Trump administration, Mexico and U.S. Democrats on Monday closed in on a deal for labour-related changes to a languishing North American trade pact that may soon allow it to proceed to a vote, as the window for passage this year quickly narrows. U.S. Trade Representative Robert Lighthizer and White […] Read more
U.S. seals demise of WTO appeals bench, trade officials say
Geneva | Reuters — The fate of the World Trade Organization’s top court was effectively sealed on Monday after the United States said it would not back a proposal to allow it to continue, trade officials said, although the WTO chief vowed to find a solution. The Trump administration has been blocking appointments to the […] Read more
Constellation tightens grip on Canopy with CEO appointment
Reuters — Constellation Brands finance head David Klein will take over in January as CEO of pot producer Canopy Growth Corp., hardening up the Corona beer maker’s control of a company into which it has sunk US$4 billion. Klein was appointed Canopy chairman in October after Constellation booked a $430 million net loss related to […] Read more
Canadians to spend more on food in 2020, report predicts
MarketsFarm — Canadians will spend two to four per cent more on food in 2020, according to the latest Canada Food Price Report from researchers at Dalhousie University’s Agri-Food Analytics Lab and the University of Guelph. The average family in the country will see its total food bill for groceries and restaurant meals rise by […] Read more
Grain World: Beijing analyst brings different perspective
Saskatoon | MarketsFarm — Ivy Li brought a much different perspective about China to the Grain World conference in Saskatoon. Specializing in Chinese agricultural markets, the Beijing-based independent analyst veered away from the usual statements that often cast China as the bad guy on the world stage. Also, Li pointed out, Canada has been doing […] Read more
KFC tests plant-based ‘fried chicken’ in Ontario
Fast-food chicken chain KFC is collecting feedback from a one-day, one-store test of a new Canadian-made plant-based “fried chicken” product for the Canadian market. The Canadian arm of the Yum Brands-owned chain set up a “limited” test run for what it calls KFC Plant-Based Fried Chicken at its 6055 Creditview Rd. store in Mississauga, Ont. […] Read more
U.S. grains: Soy, corn fall as hopes fade for China trade deal this year
Chicago | Reuters — U.S. corn futures fell to a two-month low and soybean futures hit a seven-week low on Wednesday on fading expectations for a U.S.-China trade deal before the end of the year, analysts said. Chicago Board of Trade wheat futures closed modestly higher on technical buying and concerns about this week’s decline […] Read more
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