GFM Network News


Grain being loaded on a ship at the Hudson Bay port of Churchill in 2015. (MarketsFarm photo by Jade Markus)

Port of Churchill moves to 100 per cent local ownership

Corporate partners step out of owner group

MarketsFarm — The Port of Churchill is undergoing an ownership transition that will see its OneNorth community and Indigenous partners assume 100 per cent ownership of the Hudson Bay port and the rail line connecting it to northwestern Manitoba. The Churchill Marine Tank Farm and associated assets are also part of the deal, according to […] Read more

(CNS Canada file photo by Jade Markus)

Churchill shipping resumes but grain still on back burner

MarketsFarm — The first cargo ship in two years left the northern Manitoba port of Churchill on Wednesday, moving supplies to communities in Nunavut. Rehabilitation efforts at North America’s only deep-water Arctic port are still underway, but there are expectations business through the facility will eventually include grain as well. OmniTrax, the previous owner of […] Read more


(Video screengrab from AGT via YouTube)

AGT privatization gets shareholders’ approval

The privatization of Canadian pulse processor AGT Food and Ingredients is set to move another step forward as company officials take their plan to Ontario’s Superior Court on Monday. The Feb. 11 court date in Toronto comes after AGT shareholders voted Tuesday at a special shareholders’ meeting in favour of privatization, according to a company […] Read more

(Video screengrab from AGT via YouTube)

AGT’s privatization to proceed

CNS Canada — AGT Food and Ingredients has announced a definitive agreement to take the publicly-traded Saskatchewan pulse and durum processing and export firm private. If all conditions are met, the deal is expected to go through in the first quarter of 2019. The buyer group, including AGT CEO Murad Al-Katib, Fairfax Financial Holdings Limited […] Read more