Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for about $25 billion last month […] Read more
CN challenges CP with Kansas City Southern bid
KCS shareholder warns U.S. regulator 'doesn't like overlap'
Compensation programs hatched for feather sectors
On-farm investment, market development plans on deck
Long-awaited programs to make up for market share lost to imports under the Trans-Pacific Partnership trade pact are set to roll out to Canada’s chicken, egg and turkey farmers. Agriculture Minister Marie-Claude Bibeau and caucus colleagues on Tuesday announced the specific contents of her previously-pledged $691 million, 10-year compensation funding envelope: a Poultry and Egg […] Read more
Mexico’s ban on GMO corn imports won’t apply to feed, U.S. says
Chicago | Reuters — U.S. Agriculture Secretary Tom Vilsack said on Friday that a Mexican plan to ban imports of genetically modified (GMO) corn would apply to grain used for human food products, not livestock feed, based on recent talks he had with Mexican Agriculture Secretary Victor Villalobos Arambula. Vilsack said limiting the ban to […] Read more
New U.S. trade chief Tai focused on CUSMA, China ties in calls
New trade deals on hold for now, White House says
Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to […] Read more
U.S. throws down CUSMA challenge on Canada’s dairy import limits
Filing challenges Canadian tariff rate quota reserved for processors
Five months and counting since the Canada-U.S.-Mexico Agreement came into force, the U.S. government has launched a CUSMA challenge of how Canada applies tariff exemptions on dairy imports. U.S. Trade Representative (USTR) Robert Lighthizer said Wednesday he has served Canadian Trade Minister Mary Ng with written notice that the U.S. is “exercising its rights to […] Read more
Tighter timeline set for dairy farmers’ trade pact compensation
Feather sector compensation pledged with $691 million in programs
Compensation to Canada’s supply-managed farmers, to offset domestic market share dealt away in two recent free trade pacts, will now move more quickly to dairy farmers — and will take the form of new programs for feather sectors. Federal Agriculture Minister Marie-Claude Bibeau on Saturday announced $1.405 billion in compensation, as pledged in August last […] Read more
Call to pay dairy farmers to quit misses the mark, says Alberta Milk
Report predicts half of dairy farms will go out of business in a decade without sweeping changes in the sector
Report predicts half of dairy farms will go out of business in a decade without sweeping changes in sector
Reading Time: 5 minutes CORRECTED, Nov. 19 — Alberta’s milk sector faces challenges — but a call to pay farmers to quit the business and to overhaul the entire system is off base, say industry officials here. A recent report from the Agri-Food Analytics Lab says that without major changes, Canada could lose half of its dairy farms in […] Read more
Dairy farmers press feds on compensation promises, again
Canada’s dairy farmers are again calling on the federal government to make good on its promise to compensate producers, after giving up market share of the supply-managed industry to more foreign competitors through trade pacts. The Liberal government, most recently in its Sept. 23 speech from the throne, has told Dairy Farmers of Canada (DFC) […] Read more
New finance minister Freeland no longer to spearhead U.S. relations
Ottawa | Reuters — Chrystia Freeland will no longer be in charge of spearheading diplomatic relations with the United States now that she is Canada’s new finance minister, three government sources told Reuters Wednesday. Prime Minister Justin Trudeau had made Freeland his main U.S. go-between when he named her deputy prime minister after last year’s […] Read more
New trade deal with U.S. now in effect
Reading Time: < 1 minute Canada’s beef producers will continue to enjoy the benefits of duty-free trade under the Canada, United States, Mexico Agreement, which came into force July 1. “In the face of the economic hardships of COVID-19, it is timely and welcome that the new NAFTA enters into force, providing the continuation of economic stability for our rural […] Read more
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