GFM Network News



CP’s third-quarter grain handle down

“Volume momentum” in its third quarter has Canadian Pacific Railway looking forward to a rosier year-end ledger, though its grain traffic for the quarter dragged on that momentum. Calgary-based CP on Tuesday reported net income of $510 million on $1.595 billion in revenues for the third quarter ending Sept. 30, up from $347 million on […] Read more



Canada’s farm income to dip, but remain above average

Reuters — Canadian farmers’ incomes will decline seven per cent in 2017, falling for the second year in a row but remaining at above-average levels, the country’s agriculture department predicted on Friday. A drop in North American cattle and calf prices from record highs in 2015 is the main reason for the two-year dip, Agriculture […] Read more


Grain handle helps lift CN to record Q4

Traffic in Prairie grain and U.S. soybeans got credit Tuesday for helping Canadian National Railway (CN) to a record profit for its fourth fiscal quarter. Montreal-based CN booked net income of $1.018 billion on revenue of $3.217 billion for the quarter ending Dec. 31, up from $941 million on $3.166 billion in the year-earlier period. […] Read more

CN feels Prairie harvest delays in Q3 revenues

Weather-related stalls in this fall’s Prairie grain harvest have chipped away at Canadian National Railway’s (CN) third-quarter financials, as the railway booked lower profits and revenues on “shifting traffic demands.” Montreal-based CN on Tuesday reported overall net income of $972 million on $3.014 billion in revenue for the quarter ending Sept. 30, down from $1.007 […] Read more


Cargill profit jumps on beef demand, grain margins

Reuters — Global commodities trader Cargill reported a sharply higher quarterly net profit on Tuesday, helped by rising beef demand and stronger grain trading and processing margins. The privately held company’s net income rose 66 per cent to $852 million in the first quarter ended Aug. 31 from $512 million a year earlier (all figures […] Read more

Input costs to chip away at farmers’ shrinking income

CNS Canada — An anticipated downturn in farm income and higher input costs mean Canadian producers will be in a tough financial position this year, the head of the National Farmers Union (NFU) predicts. Farmers’ net cash income is expected to move lower in 2016, declining nine per cent to $13.6 billion in 2016, according […] Read more


Farm incomes set to fall from record high

Reuters — Canadian farm incomes look set to fall in 2016 after a year of record profits, but will still reach above-average levels, according to a report from the federal government. Rising receipts for crops and livestock have boosted incomes in recent years, due to greater demand in developing countries and a weak Canadian dollar, […] Read more