Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
EU and Mexico revive stalled trade deal as Trump tariffs loom
The two parties are seeking to add farm produce, services, investment and other goods to the agreement
The European Union and Mexico revived a stalled free trade agreement on Friday, days before the return to the White House of Donald Trump, who has threatened both sides with tariffs.
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
China hits Canada with anti-dumping probe on canola imports in response to EV tariffs
Beijing | Reuters – China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced […] Read more
EU pork industry faces ‘nightmare’ if China restricts imports
Hamburg | Reuters – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc […] Read more
Pulse weekly: Canadian pulse exports slowing
Glacier FarmMedia – Canadian pulse exports are showing signs of slowing down entering the final months of the 2023/24 marketing year, as end users turn their attention to the looming availability of new crop supplies. Canada has exported 1.286 million tonnes of lentils during the crop year-to-date, running about 25 per cent behind the pace […] Read more
U.S. shuns free trade agreements
Senators rake the U.S. Trade Representative over the coals for the Biden administration’s trade policy agenda
Virginia Houston, director of government affairs with the American Soybean Association, says president Joe Biden’s administration feels FTAs pit U.S. domestic industries against one another.
Supply chains shake off pandemic rust
The post-pandemic recovery is happening, but Canada is still feeling the impact from COVID-19
Reading Time: 2 minutes Glacier FarmMedia – Goods in Canada are flowing more fluidly than during the pandemic, but the supply chain is still underperforming, according to a panel discussion at the Canadian Federation of Agriculture annual meeting in late February. Arun Thangaraj, federal deputy minister of transport, said the value chain is still feeling pressure. “The pinch points still exist. It is imperative that we […] Read more
India may need to lift duty on pea imports again
Fewer acres could reduce domestic production by nine per cent
Reading Time: 3 minutes Glacier FarmMedia – The Indian government might have to consider opening a second window for duty-free yellow pea imports, according to a senior industry official from that country. It could happen “maybe in the back end of the season,” Manek Gupta, managing director of Viterra India, said during a webinar hosted by the India Pulses […] Read more
Opinion: Trade with the UK has issues — and opportunities
Rules-based trade can pay dividends for both nations but will need to be fair
Reading Time: 3 minutes Canada benefits from more trade agreements with more countries than virtually any other nation. That makes sense, since we are a big, well-endowed country with large productive capacity, a relatively small domestic market, and we need to export. So Canada has long been a keen advocate of a robust, rules-based multilateral trading system, including effective […] Read more
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