The Canadian government intends to table legislation to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before the House of Commons rises for summer. International Trade Minister François-Philippe Champagne appeared before the House trade committee on Tuesday morning, where he confirmed the government’s plan to bring forward the bill to implement the Pacific trade… Read More
Author: Kheppner
The Canadian government was on the media offensive this past weekend, after the U.S. administration applied steel and aluminum tariffs to imports from Canada while justifying the move as a national security issue. “What you are saying to us and all of your NATO allies is that we somehow represent a national security threat to… Read More
One of the most well-known and controversial brands in the world will soon become part of history. Bayer has confirmed it plans to complete its acquisition of Monsanto on June 7, after receiving all the required regulatory approvals. Monsanto products will retain their brand names under Bayer’s portfolio, but the name “Monsanto” will be retired…. Read More
Could Western Canadian crops once again be exported through the Port of Churchill? Owner Omnitrax has reached an agreement-in-principle to sell the rail line leading to Churchill and the Port of Churchill to a consortium that includes pulse exporter AGT Food and Ingredients, according to the federal government. The Hudson Bay rail line has been… Read More
Canada’s competition regulator says it has reached an agreement with Bayer that lays out the conditions for its proposed acquisition of Monsanto. The announcement comes a day after the U.S. Department of Justice gave its conditional approval to the US$66 billion deal. The Competition Bureau concluded that the deal “would likely substantially lessen and prevent… Read More
With India closing its border to pulse imports late last year, China is seizing the opportunity to buy competitively-priced protein and ramping up its imports of peas from Canada. The value of pea exports from Canada to China was up 42 percent in January to March of 2018 versus the same period in 2017, according… Read More
Bayer has gained conditional approval for its acquisition of Monsanto from the U.S. Department of Justice, which was the largest outstanding regulatory authorization left for the the US$66 billion deal. “Receipt of the DOJ’s approval brings us close to our goal of creating a leading company in agriculture,” said Bayer CEO Werner Baumann, in a… Read More
Realized net income on farms across Canada decreased by 2.5 percent to $8.3 billion last year, according to Statistics Canada’s annual farm income report published on Monday. The agency says rising depreciation charges and higher operating expenses offset a small increase in cash receipts, resulting in the first decline since 2013. Expenses rise by 2.5… Read More
The boards of directors for Cereals Canada and the Canadian International Grains Institute (Cigi) have agreed to explore a possible “integration” of the two grain industry organizations. A working group, made up of directors from both boards, has been formed to examine how the two entities could work more closely together. The mandate of this… Read More
There’s been plenty of buzz this week among farm groups and the grain industry about the long-awaited passage of Bill C-49 — the federal government’s transportation legislation that covers everything from airline ownership rules to what grain companies can put in contracts with railways. Farm group leaders and representatives from the grain industry joined federal… Read More