CNS Canada –– Pulse crop prices in Western Canada are holding steady while questions remain about the future of trade with India. India in November imposed a 50 per cent import tariff on peas and in December a 30 per cent tariff was placed on chickpeas and lentils. The tariffs were imposed overnight and left […] Read more
Pulse weekly outlook: Australia makes progress with India, Canada waits
Canada in on TPP pact, to be signed in March
Tokyo | Reuters — Eleven countries aiming to forge a Asia-Pacific trade pact after the U.S. pulled out of an earlier version will sign an agreement in Chile in March, Japan’s economy minister said on Tuesday. Trade officials had been meeting in Tokyo to resolve rifts including Canada’s insistence on protections for its cultural industries […] Read more
Officials aim to forge ahead with TPP as Canada wavers
Tokyo | Reuters — As trade officials gather in Tokyo this week to try and forge ahead with a trade pact that U.S. President Donald Trump abandoned last year, the new 11-member club risks getting bogged down by resistance from Canada. The member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also […] Read more
Australia takes Canada to WTO over wine rules
Geneva | Reuters — Australia has complained at the World Trade Organization about Canada’s rules on wine sales, expanding a similar U.S. complaint against one province. In October, Washington accused British Columbia of providing an unfair advantage to local vineyards by giving their wine an exclusive retail channel in grocery store shelves and cutting out […] Read more
TPP seen critical for beef sales growth in Japan
Canadian beef producers could be out millions of dollars in new exports if Canada is shut out of the Trans-Pacific Partnership (TPP). Why is it important? Beef exports, especially from Ontario, have been growing significantly to Japan and elsewhere in Asia. Allowing other competitors such as Mexico and New Zealand better access to that market, […] Read more
Canada talks tough on trade as NAFTA talks’ endgame nears
London, Ont. | Reuters — Canada is talking tough with the U.S., stressing its determination to push back against what it says are unfair trade practices ahead of crucial talks to revamp the tri-nation North American Free Trade Agreement. U.S., Canadian and Mexican officials meet this month for the sixth and penultimate round of talks […] Read more
Mexico will leave NAFTA talks if Trump triggers process to withdraw
Mexico City | Reuters — Mexico will leave the NAFTA negotiating table if U.S. President Donald Trump decides to trigger a six-month process to withdraw from the trade pact, three Mexican sources with knowledge of the talks told Reuters on Wednesday. Reuters reported earlier in the day that Canada was increasingly convinced that Trump would […] Read more
Canada taking U.S. to WTO in complaint over trade remedies
Geneva | Reuters — Canada has launched a wide-ranging trade dispute against the United States, challenging Washington’s use of anti-dumping and anti-subsidy duties, Canada said in a WTO filing dated Dec. 20 and published on Wednesday. Canada appeared to be mounting a case on behalf of the rest of the world, since it cited almost […] Read more
U.S. grains: Wheat hits contract lows
Chicago | Reuters — U.S. wheat futures eased to contract lows on Friday, capping a week of five straight days of declines that saw the market shed 4.6 per cent of its value. Soybean futures also were weaker while corn edged higher on a mild short-covering bounce. A forecast for bigger-than-expected wheat production in Canada […] Read more
U.S. grains: StatsCan data help drag wheat to contract lows
Chicago | Reuters — Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. The decline in wheat weighed on corn prices. Soybeans also fell, pressured by a round of […] Read more