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
U.S. grains: Soy, corn firm on trade deal hopes
Chicago | Reuters — U.S. soybean futures firmed on Tuesday, rising for a sixth consecutive session on hopes that the United States and China will continue to progress toward an interim trade deal. Corn futures also edged higher on an improved trade outlook as Canada, Mexico and the United States approved changes to a preliminary […] Read more
Canada, U.S., Mexico sign agreement, again, to replace NAFTA
Washington/Mexico City | Reuters — Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be […] 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
A ‘little more work’ needed on CUSMA deal, Trudeau says
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau on Friday said a little more work needed to be done on a new continental trade deal which has run into opposition from some U.S. Democrats over labour and environmental provisions. Officials are trying to agree on a series of tweaks to the U.S.-Mexico-Canada Agreement (CUSMA) […] Read more
CBOT weekly outlook: Impeachment process stifles markets
MarketsFarm — U.S. President Donald Trump’s impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade […] Read more
Liberals pledge revamp of federal farm lender
The federal Liberals’ platform heading into the Oct. 21 election calls for an “expanded and enhanced” role for Farm Credit Canada in supporting the country’s agriculture and agrifood sectors. Platform documents released Sunday last week (Sept. 29) call for the merger of several existing federal financial and advisory services — which the Liberals said are […] Read more
Trump says impeachment inquiry could derail North America trade deal
Washington/Mexico City | Reuters — U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets. While U.S. Trade Representative Robert Lighthizer said he was confident the U.S-Mexico-Canada trade agreement would […] Read more
Alberta to lift residency rule for public grazing lands
The Alberta government plans to remove a restriction on non-Albertans’ use of public lands for grazing, in a bid to smooth out paths for interprovincial trade. The province on Saturday announced it will do away with eight of its declared exceptions under the interprovincial Canadian Free Trade Agreement (CFTA). Of the eight, three deal with […] Read more
Dairy payments to be based on quota at Aug. 31
Canadian dairy farmers’ piece of the first year of a federal free trade compensation package is going to be based on quota they held at the end of last month. Agriculture and Agri-Food Canada on Sept. 6 announced more details for what’s been dubbed the Dairy Direct Payment Program, though a registration period hasn’t yet […] Read more
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